July, 2025

Spotify subscriber base grew by 8m to 276m in Q2; company posted $460m operating profit
'Social Charges' take toll on operating income, but subscribers and MAUs both ahead of guidance in quarter Source...

Derek Cournoyer promoted to SVP, Global Digital Business at Kobalt
Cournoyer will be playing a key role in striking partnerships with platforms like Meta, TikTok and YouTube Source...

TikTok partners with iHeartRadio on live music competition for artists with at least 50K followers
Contestants will advance based on a combination of likes, views and comments, and judges' scores. Source...

Stability AI is developing a legit ‘opt in’ artist marketplace… amid lawsuits over unauthorized scraping
CEO Prem Akkaraju told the Financial Times that the company now has "zero debt." Source...

FireAid defends $100M fund distribution, hits out at ‘misinformation’, amid growing political scrutiny
Organizers of the FireAid benefit concert said the remaining $25 million is expected to be distributed by year-end. Source...

EVEN partners with Secretly Distribution, enabling artists to unlock direct-to-fan revenue
Since launching in April last year, EVEN has onboarded 80,000+ artists across more than 2,200 labels Source...

Live Nation strikes $646 million deal to increase stake in Mexico’s OCESA
The deal is expected to close by the end of August, following approval at the upcoming CIE shareholder vote Source...

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