Music Business News: Romania

Believe buys 25% stake in Global Records, which claims to be the biggest indie music company in Central and Eastern Europe

Global achieved over 6bn streams across all platforms in 2023 and over 20bn streams for its global catalog to date

Romania’s Global Records says it’s on track to generate $54m in 2024, and plans for ‘significant’ US expansion following acquisition of Honua Music

Company has fully acquired Honua, having previously held a 10% stake

‘Romania is an emerging music market that’s growing at a fast pace. It’s catching up with more developed markets.’

Anca Lupes, President of RAW Music, Founder of Mastering The Music Business, and Executive Director of indie label body Indiero talks growth and opportunity in Romania's music business

Interviews

With 20bn streams to date and annual revenues of over €25m, Romania’s Global Records sets its sights on expansion in the GSA region

Diana Munteanu, Head of Label at Global Records, and Julian-Dominik Vicari, the company's new market head in Germany on the company's strategy for the GSA region.

Interviews

‘There is talent everywhere. But we have to make the effort to break that talent.’

Alfonso Perez-Soto, President, Emerging Markets at Warner Recorded Music

Interviews

With 11bn streams to date and annual revenues of $17m, Global Records is one of the CEE region’s biggest hits…

Head of Label Diana Munteanu on opportunities in Russia, and expansion into Western Europe

News

Maciej Kutak named CEO of Universal Music Poland and SVP, Central Eastern Europe

Kutak will work to strengthen UMG’s operations within the region

Interviews

Meet the Romanian record label with 2bn annual streams – and major global ambitions

Global Records is looking to add further international expansion, via serious investment, in 2021