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. PAI Partners takes majority stake in professional audio equipment maker Audiotonix

   A news report suggests the deal for Audiotonix is worth nearly GBP £2 billion.

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2. Symphonic Distribution hires UMG and BMG veteran Stephen Nightingale as VP, A&R and Business Development, Canada

   Nightingale has worked with acts such as Guns n' Roses, the Smashing Pumpkins and Nine Inch Nails across his two-decade career

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3. ‘From the start, we knew we were going to be the biggest in the country.’

   D-Block Europe are flying, with multiple sold out arena dates behind them, and a No.1 UK album this year. Manager Wesley Earl Banton discusses the UK rap duo’s rise and rise, and the importance of loyalty…

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4. Amid controversy over Spotify’s songwriter payments, Daniel Ek cashes out $118.8 million in company shares

   Ek's move on the New York Stock Exchange comes amid criticism for Spotify for reducing the royalty rate via which it pays songwriters in the US

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5. Milk & Honey now represents Travis Kelce and 80 other sports stars – but its world still ‘revolves around the songwriter’

   Lucas Keller talks Travis Kelce, Spotify, A&R, and where his company is headed

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6. A new ‘music-only’ subscription tier is coming to Spotify, confirms Daniel Ek… and 4 other things we learned on the company’s latest earnings call

   Spotify is making good on its aim to become more than a music streaming service

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7. Concord isn’t giving up on Hipgnosis Songs Fund, as it bids $1.51 billion – less than 1% higher than Blackstone’s proposed offer

   HSF's board is unanimously recommending this offer to shareholders

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8. Taylor Swift’s The Tortured Poets Department has already racked up over 1bn streams on Spotify – the first album to do so in less than a week

   The Tortured Poets Department has broken more Spotify records

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9. As President Biden signs law that could ban TikTok, the app’s CEO says: ‘We aren’t going anywhere’

   Shou Zi Chew says TikTok will fight the law in court, and the platform will be available in the US in the meantime

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10. Believe generated $250 million in Q1, up 15.9% YoY

    Paris-headquartered music company Believe has published its financial results for Q1 2024

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