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Africa-focused music streaming service Mdundo hits 30.8M monthly active users
The company reported a steep drop in ad revenue, but large growth in paid subscribers Source...
Warner Music Group to cut a further 10% of workforce, 600 jobs to go, in move to ‘free up more funds to invest in music’
Robert Kyncl confirms WMG is exiting its owned and operated media businesses, including Uproxx and IMGN Source...
Why indie record labels are backing Universal Music Group’s action on TikTok.
Dr Richard James Burgess MBE on why A2IM and its labels are supporting Universal's stance on the matter Source...
Former SoundCloud for Artists lead Jeff Ponchick raises $1.9m for royalties startup, Mogul
Company's investors include Wonder Ventures, United Talent Agency, Amplify.LA, and former SoundCloud CEO Kerry Trainor’s Creator Partners Source...
Could HYBE’s Weverse offer a template for Universal Music Group’s courting of ‘superfans’ in 2024?
UMG has been experimenting with HYBE and Weverse since back in 2020. What's it learned? Source...
Jermaine Dupri’s So So Def Recordings joins forces with Create Music Group in multi-year deal
So So Def founder Jermaine Dupri will transition from CEO to Chairman of the company, retaining creative direction Source...
Tom March appointed Chairman & CEO of Capitol Music Group, Lillia Parsa named Co-President
News was announced by Interscope Geffen A&M Records (IGA) Chairman & CEO John Janick, to whom March reports Source...
Hipgnosis Songs Fund shareholders vote in favor of giving £20m ‘bung’ to bidders on its catalog
Decision could result in multiple companies each being paid £20 million by UK-listed fund Source...
UK music licensing company PPL paid out over $352m to performers and rightsholders in 2023
PPL credits its 2023 performance to the ongoing recovery from the pandemic, with more businesses reopening in the UK and globally Source...
Spotify’s spat with Apple, its new deal with Joe Rogan and further cost-cutting: 3 things we learned on the company’s latest earnings call
Spotify would be experimenting with a variety of payment models, were it not for the Apple Store’s so-called “app tax,” Spotify CEO Daniel Ek said. Source...
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