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. Apollo leads $700m investment into Sony Music Group partnership. (It’s a kind of magic!)

   Sources told MBW earlier this month that Apollo had co-funded Sony's takeover of Queen's catalog

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2. From Universal Music’s Q2 results to Spotify’s new ‘deluxe’ tier… it’s MBW’s Weekly Round-Up

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

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3. Confirmed: Hipgnosis Songs Fund to delist from stock exchange this month, completing Blackstone takeover

   Hipgnosis Songs Fund will officially delist from the London Stock Exchange

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4. Spotify co-founder cashes out $85.8m in stock after streamer posts record profit… as songwriters brace for $150m royalty cut this year

   Spotify exec shareholders have wasted little time cashing out stock following the company's share price bounce

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5. Spotify estimates that it would have to pay out $50m if the MLC wins its bundling lawsuit

   The MLC sued Spotify in the US for allegedly underpaying royalties to songwriters and publishers as a result of its decision to reclassify its Premium tiers as 'bundles'.

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6. Why UMG’s slowdown in streaming revenue growth is (partly) an illusion… and 4 other things we learned from Universal’s latest earnings call

   UMG's leadership team isn't worried about one quarter's worth of results, and says they're looking at the long term

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7. Alexis Lanternier appointed as the new CEO of Deezer

   He will succeed interim CEO Stu Bergen at the France-headquartered music streaming service

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8. ‘Our vision is to build a full service, independent publishing company that can compete with the best.’

   MBW's Trailblazers series meets Range Music Publishing execs Casey Robison and Sam Drake

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9. Maximilian Kolb exits role as BMG’s EVP Repertoire and Marketing, Continental Europe

   Kolb joined BMG in 2012 as an A&R manager

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10. Chris York, one of the UK’s top concert promoters, has died at the age of 55 following a long illness

    SJM Concerts' Chris York worked with Oasis, Foo Fighters, Green Day, the Chemical Brothers, Lily Allen, Massive Attack, Robert Plant and many other superstars

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