Music Business Worldwide

The latest music news from Music Business Worldwide, News, jobs and analysis for the global music industry and on artists new releases and where to get new mp3 songs.

1. From Universal’s TikTok deal to Blackstone’s bid for Hipgnosis Songs Fund… it’s MBW’s Weekly Round-Up

   The five biggest stories to hit our headlines over the past seven days…

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2. Live Nation revenue reached $3.8bn last quarter; attendance grew 21% to 23m fans in Q1

   The concert giant's latest financial results were published on Thursday (May 2)

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3. Warner’s Songkick strikes partnership with ticketing and marketing company Shoobs

   Partnership aims to boost the visibility of Black culture events and gigs

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4. Concord Label Group hires former UMG execs Brad Clark and Kristen Reed to its data analysis teams

   This is the second round of senior hires at Concord Label Group just this week

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5. Steve Redmond to step down as Global Head of Communications at BMG

   “Steve Redmond has played a pivotal role over more than a decade in helping define BMG as a new kind of music company," said BMG CEO Thomas Coesfeld said

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6. Universal Music Group generated $2.8 billion in Q1 – up 7.9% YoY

   UMG, which trades on the Euronext stock exchange in Amsterdam, has published its Q1 results (for the three months to end of March)

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7. Korean regulators approve Kakao’s takeover of SM Entertainment, amid ongoing stock price manipulation probe

   Kakao's music streaming service Melon will be monitored for signs of anti-competitive practices

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8. ‘Ultimately, it’s about getting songwriters paid – accurately, fairly and on time.’

   Claire McAuley, EVP of Global Rights Management at Warner Chappell, doesn’t just have a passion for publishing, she loves the granular detail and the noble toil of administration that ensures the right monies get to the right writers – every penny from everywhere…

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9. HYBE’s revenue dropped 12% YoY in Q1; Weverse platform saw user decline amid ongoing BTS drought

   Although it’s common for HYBE’s earnings to decline in the winter months of Q1, the size of this drop surprised analysts

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10. SoundCloud launches ‘fan-powered’ Buzzing Playlists to spotlight up-and-coming artists

    The streaming service aims to address the "zero-plays problem" caused by a massive influx of new music

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