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 Warner’s Crumbl copyright lawsuit to the EU’s Downtown deal probe… it’s MBW’s Weekly Round-Up

   The biggest stories from the past week – all in one place…

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2. Tencent Music close to $2.4 billion deal to acquire podcast firm Ximalaya – with a potential payday for Sony Music

   Sony Music acquired 4.6 million shares in Ximalaya for a consideration of USD $50 million in 2020

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3. Confirmed: European competition regulator to assess UMG’s $775m acquisition of Downtown Music

   European Commission has accepted requests from Austria and the Netherlands to review the proposed acquisition

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4. Universal Music Group’s Downtown acquisition to be probed by EU competition regulator (report)

   The FT reports the probe will be announced on Friday (April 25)

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5. HYBE teams up with Spanish-language TV giant Telemundo on ‘first-of-its-kind’ competition and reality show to form a Regional Mexican group

   Members of the winning group will win $100,000 and a recording contract with HYBE Latin America

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6. Oscar Höglund talks Epidemic Sound’s revenue growth and vast reach: ‘We get roughly 3bn daily views. That’s 20 Super Bowls per day, 365 days per year.’

   MBW's World Leaders series meets Oscar Höglund, CEO of Epidemic Sound

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7. India’s Tips Music generated $9.1m in calendar Q1 as EBITDA grew 24% YoY

   Tips' operating EBITDA grew 24% YoY in calendar Q1 to reach USD $4.3m

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8. Universal Music Group Nashville rebrands as Music Corporation of America

   Mike Harris to Lead as President & CEO, and Dave Cobb as Chief Creative Officer

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9. ‘If everybody’s running one way, you can’t be running the same way. You don’t need to be the 20th version of something.’

   MBW’s partnership with the brilliant Did Ya Know? podcast continues with Adrian Sykes in conversation with RCA UK Co-President Stacey Tang…

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10. Spanish society SGAE distributed $378m to its members in 2024, as annual collections reached record $422m

    SGAE reports highest annual revenues in 125-year history

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