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Live Nation to sell $730M and €600M of bonds to refinance its 6.5% notes due 2027
The new notes will retire the $1.2 billion of 6.5% debt Live Nation raised in May 2020, during the pandemic concert shutdown. Source...

Spotify is expanding audiobooks to more than 180 markets and says its Audiobooks+ add-on has passed $100M in annual recurring revenue
Spotify said more than 750 million people will be able to stream or buy books on its platform once the rollout is complete. Source...

Live Nation hit with class action lawsuits over data breach involving Social Security numbers and health records
Live Nation's statement came five days after Ticketmaster customers across the US ran into problems with ticket transfers. Source...

Elon Musk says Grok Bot will use Suno’s AI music models, alongside Anthropic’s Claude and Midjourney
Suno does not currently offer an official public API. MBW reported in July that the company was exploring the launch of one. Source...

Pacific Music Group expands to Tokyo with launch of PMG Japan, signs Japanese rapper JP THE WAVY
PMG says JP THE WAVY is PMG Japan's first major signing and that he will begin releasing new music through the partnership this fall. Source...

HYBE’s Weverse Con Festival to make its international debut in India in 2027
HYBE, home of BTS, calls Weverse Con Festival its “flagship global music festival”, featuring global, K-pop and Indian artists. Source...

EMPIRE Publishing hires Rimas Publishing’s Emilio Morales as SVP, Business Development for Latin America
Morales joins from Rimas Publishing, the company behind the publishing catalog of Bad Bunny, where he served as Managing Director. Source...

Music streaming fraud inquiry launched by US Copyright Office
Notice of inquiry arrives a day after Michael Smith sentenced to 18 months in prison Source...

Phono V streaming rate proposals filed with US Copyright Royalty Board, as DIMA points to 30% growth in publishing revenues since 2022
The proceeding will set the mechanical rates on-demand streaming services pay US songwriters and publishers from 2028 through 2032. Source...