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Live Nation among backers of new 12,000-seat, $100m arena in Lagos
The $100-million development comes amid a boom in the popularity of West African music Source...
TikTok: UMG’s catalog, including publishing, only makes up ‘approximately 30% of popular music on our platform’
It's a surprising claim from the ByteDance company... Source...
Live Nation is ‘surprised and thrilled’ its all-in ticket pricing is a success… and 3 other things we learned on the company’s latest earnings call
In 2023, stadium shows led Live Nation’s attendance growth, with more than 29 million fans attending stadium shows, an increase of 60% YoY Source...
Sales from K-Pop stars including Jungkook and Seventeen pushed HYBE’s revenues to over $1.6bn in 2023
South Korea-based entertainment giant HYBE has published its earnings for Q4 and FY 2023 Source...
Miley Cyrus’ Flowers was the biggest-selling single globally last year, according to the IFPI
Flowers by Miley Cyrus is the winner of the IFPI Global Single Award for 2023 Source...
Robert Kyncl highlights Warner Music Group’s ‘big ambitions’ for MENA, as WMG signs India-based star Nora Fatehi
Fatehi will remain signed to T-Series, the Indian music label and movie studio, for her Bollywood projects. Source...
Songwriters and publishers to receive nearly $400m payout after streaming royalty ruling in the US
The MLC calculates that streaming giants like Spotify, Amazon Music and YouTube, underpaid songwriters and publishers by $419.2 million in 2021-2022 Source...
Audacy secures court approval to emerge from bankruptcy with Soros Fund as top shareholder
The second-largest radio broadcaster in the US is working to drastically reduce a $1.9 billion debt Source...
Universal Music Group buys majority stake in Afrobeats label Mavin
TPG has fully exited the business, while Kupanda Capital will a remain minority investor and strategic adviser Source...
Bauer Media Audio UK names Robert D’Ovidio as Director (Music) Broadcast, On-Demand and Premium
D’Ovidio will oversee music content at the company’s radio brands, including Absolute Radio, KISS, Magic Radio, Hits Radio, and Greatest Hits Radio Source...
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