Business News - CMU | the music business explained (Page 267)

Business News • 1 min read

Sony confirms AWAL acquisition completed, acknowledges regulator investigation in the UK

Sony Music confirms completion of its Kobalt label services and neighbouring rights acquisition while acknowledging the UK Competition and Markets Authority is reviewing the deal.…

Chris Cooke • 20 May 2021

Business News • 2 min read

PPL confirms 2020 collections were down 17%

PPL has confirmed its 2020 collections fell 17% year-on-year due to COVID, with public performance income down 42.2%, though its broadcasting royalties rose in the TV sector.…

Chris Cooke • 20 May 2021

Business News • 3 min read

Artist Rights Alliance calls Spotify's Discovery Mode "exploitative and unfair"

The Artist Rights Alliance has criticised Spotify's Discovery Mode as a pay-for-play scheme, arguing it forces artists to accept lower royalties in exchange for algorithmic promotion.…

Chris Cooke • 20 May 2021

Artist News • 1 min read

Spotify to host livesteams from The Black Keys, Rag N Bone Man, Bleachers, Leon Bridges and Girl In Red

Spotify is hosting a series of weekly ticketed livestreams from five artists including The Black Keys, with the first show on 27 May, presented in partnership with Driift.…

Andy Malt • 20 May 2021

Artist News • 1 min read

One Liners: Burna Boy, St Vincent, Marina, more

Round-up of deals, appointments and releases including Burna Boy's deal with Kobalt Neighbouring Rights, Muna signing to Saddest Factory, and new music from Marina, Garbage and others.…

Andy Malt • 20 May 2021

Business News • 2 min read

UK competition regulator to investigate Sony's AWAL purchase

The UK Competition & Markets Authority has launched an investigation into Sony Music's acquisition of Kobalt's AWAL and neighbouring rights businesses, served under an initial enforcement order.…

Chris Cooke • 19 May 2021

Business News • 2 min read

SACEM announces new deal with Spotify

French collecting society SACEM has signed a new multi-territory deal with Spotify covering the EU and dozens of other territories, including new markets Spotify has recently entered.…

Chris Cooke • 19 May 2021

Business News • 2 min read

Vivendi may sell 10% of Universal Music to US investor ahead of stock market listing

Vivendi says it is considering selling a 10% stake in Universal Music Group to an American investor before the company's Euronext listing, and may sell more on the market.…

Chris Cooke • 19 May 2021

Artist News • 1 min read

Stockholm's Globe venue becomes the Avicii Arena

Stockholm's Globe arena has been renamed the Avicii Arena in a partnership between operator ASM Global and the Tim Bergling Foundation, the suicide prevention charity set up by Avicii's family.…

Chris Cooke • 19 May 2021

Business News • 2 min read

Deer Shed Festival confirms streamlined event in place of this year's edition

Deer Shed Festival has cancelled its full 2021 edition due to lack of COVID cancellation insurance, and is instead staging a smaller camping event called Base Camp Plus.…

Chris Cooke • 19 May 2021

Artist News • 3 min read

One Liners: Marshmello, Bon Jovi, Duran Duran, more

Roundup of deals and appointments including Kobalt signing Seeb, Round Hill acquiring Telegram Studios recordings and TuneCore hiring Becky Seffer as CFO, plus new releases from Duran Duran and Bleachers.…

Andy Malt • 19 May 2021

Business News • 3 min read

Apple Music and Amazon Music offering higher quality audio at no extra cost

Apple Music will offer lossless and Dolby Atmos spatial audio at no extra cost from next month, while Amazon Music is also including higher quality audio in its standard subscription.…

Chris Cooke • 18 May 2021