Analysis News From Universal’s TikTok deal to Blackstone’s bid for Hipgnosis Songs Fund… it’s MBW’s Weekly Round-UpThe five biggest stories to hit our headlines over the past seven days…
Analysis News Live Nation revenue reached $3.8bn last quarter; attendance grew 21% to 23m fans in Q1The concert giant's latest financial results were published on Thursday (May 2)
Analysis News Universal Music Group generated $2.8 billion in Q1 – up 7.9% YoYUMG, which trades on the Euronext stock exchange in Amsterdam, has published its Q1 results (for the three months to end of March)
Analysis News Universal Music and TikTok strike new licensing deal – including ‘improved remuneration’ for UMG artists and songwritersThe announcement brings to an end a long-running licensing dispute between the two companies.
Analysis News Anghami’s paid subscribers jumped 18% in Q1 2024, after a 2023 of revenue ‘headwinds’The MENA-focused streaming service expects a revenue boost following its merger with TV and film streamer OSN+
Analysis News Warner Music Group boss Robert Kyncl backs US Senate bill to crack down on AI deepfakesKyncl to give testimony to a subcommittee of the Senate Judiciary Commitee on Tuesday (April 30)
Analysis News India’s Tips Industries generated $7.6m in calendar Q1, up 22% YoYIndia-headquartered music and entertainment company Tips has published its financial results for calendar Q1
Analysis News A shaman, a management coup, a tearful press conference and a $770m market cap dip: What the heck is going on at HYBE?Disputes between record companies and their executives have happened before, but this one takes the cake for weirdness
Analysis News Deezer’s revenues grew 14.2% YoY to $144m in Q1; subscriber base reached 10.5mParis-headquartered music streaming service Deezer has published its financial results and subscriber numbers for Q1 2024
Analysis News From the bidding war for Hipgnosis Songs Fund to ByteDance’s battle for TikTok in the US… it’s MBW’s Weekly Round-UpThe five biggest stories to hit our headlines over the past seven days…
Analysis News ByteDance would rather shut TikTok in the US than sell if legal challenge against ban law fails (report)Citing sources, Reuters reports that TikTok's parent 'would prefer' to shut the app down in the US if court challenge is unsuccessful
Analysis News Epidemic Sound has courted controversy over its ‘buy-out deals’. Here’s exactly how the company pays artists…MBW Explains is a series of analytical features in which we explore the context behind major music industry talking points
Analysis News 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 callSpotify is making good on its aim to become more than a music streaming service
Analysis News Concord isn’t giving up on Hipgnosis Songs Fund, as it bids $1.51 billion – less than 1% higher than Blackstone’s proposed offerHSF's board is unanimously recommending this offer to shareholders
Analysis News Believe generated $250 million in Q1, up 15.9% YoYParis-headquartered music company Believe has published its financial results for Q1 2024