Wednesday, August 3, 2022

Wednesday, August 3, 2022

BMG buys Germany’s largest independent label, doubling its recorded music revenues in territory
BMG says that deal 'redraws the map of the German music industry' Source...

Piracy tracking startup MUSO raises $3.9m from Puma Private Equity
MUSO reports to have seen a 25% increase in general digital piracy year-on-year Source...

Annie Aberle promoted to Vice President, A&R at PULSE Music Group
Aberle was previously Senior Creative Director, PULSE Music Group Source...

Spotify quietly discontinues ‘Car Thing’ device shortly after US launch
Device was unveiled by the streaming giant in April 2021 Source...

SoundCloud slashes a fifth of its global workforce, blaming ‘challenging economic climate’
News comes fives years after SoundCloud's last widespread cut of staff Source...

Cinq Music parent buys NGL Collective to create ‘largest 100% Latino-focused digital-first Latinx media powerhouse in the US’
GoDigital has acquired NGL Collective with the backing of MEP Capital, a media and entertainment-focused investment firm Source...

HYBE revenues soar 83.8% to $391m in Q2… despite BTS hiatus announcement
K-pop giant HYBE publishes its financial results for Q2 2022 Source...

ONErpm launches global music publishing service, ONE Publishing, partnering with multiple PROs worldwide
One Publishing launches globally for OneRPM clients across both premium and DIY services Source...

India-based telco Airtel poised to buy loss-making Spotify challenger Gaana
Discussions between the parties have reportedly been going on for a few months Source...

‘We have a deep sense of who the artist is and how to support them.’
MBW interviews Capitol Christian Music Group Co-Presidents Brad O’Donnell and Hudson Plachy Source...

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