Business News - CMU | the music business explained (Page 60)

Artist News • 3 min read

Universal cuts ties with German metal band Weimar following neo-Nazi allegations

Universal Music's German division has ended its relationship with metal act Weimar after Der Speigel reported links between members and far-right and neo-Nazi bands.…

Andy Malt • 13 Feb 2023

Business News • 1 min read

Ultra International Music Publishing launches Lagos-based 'creative hub'

Ultra International Music Publishing has launched a creative hub in Lagos to expand its work with Afrobeat artists, starting with a writing camp.…

Andy Malt • 13 Feb 2023

Business News • 2 min read

Spotify has a new activist investor seemingly focused on cost efficiencies

Investment firm ValueAct has confirmed a stake in Spotify, with its boss Mason Morfit backing cost efficiencies after Spotify announced a 6% workforce reduction.…

Chris Cooke • 13 Feb 2023

Artist News • 2 min read

One Liners: ATC Live, Jimin, Central Cee, more

ATC Live hires agent Ed Thompson from the Free Trade Agency, and BTS's Jimin, Central Cee, Linkin Park and others release new music or news.…

Andy Malt • 13 Feb 2023

And Finally • 4 min read

BRITs, tits, Tories and a too small stool - everything that happened at this year’s Harry Styles Awards in London

Tom Grennan's joke to Ellie Goulding drew criticism at the BRIT Awards, while Wet Leg's acceptance speech was censored and Daisy May Cooper's joke was not cut.…

Andy Malt • 13 Feb 2023

Business News • 3 min read

CMU Digest 12.02.23: Hybe, ISM, #LetTheMusicMove, Economics Of Streaming, BBC Introducing

This week's digest covers Hybe's acquisitions, a letter from 700 music people on discrimination, and the #LetTheMusicMove campaign against proposed US visa fee rises.…

Chris Cooke • 12 Feb 2023

Business News • 4 min read

UK government provides update on economics of streaming work - and publishes algorithms report that proposes more transparency from streaming services

The UK government has updated on its streaming economics work and published an algorithms report, with the Competition & Markets Authority finding concentration isn't driving artist concerns.…

Chris Cooke • 10 Feb 2023

Business News • 2 min read

DNS resolver web-blocking case back in court in Germany

The German legal battle between Sony Music and DNS resolver Quad9 over web-blocking a piracy site returned to court this week.…

Chris Cooke • 10 Feb 2023

Business News • 2 min read

New Warner Music boss discusses reasons to be cheerful despite a "tough quarter"

Warner Music CEO Robert Kyncl, speaking on his first investor call, cited reasons for optimism despite a tough quarter, including calls for streaming price rises.…

Chris Cooke • 10 Feb 2023

Business News • 1 min read

Hybe announces deal to become biggest shareholder in rival K-pop powerhouse

Hybe is buying a 14.8% stake in SM Entertainment from founder Lee Soo-man, becoming its biggest shareholder amid a management dispute.…

Chris Cooke • 10 Feb 2023

Business News • 1 min read

MusicBird secures $100 million term loan facility to fund more music rights acquisitions

Music rights investor MusicBird has signed a term loan facility of up to $100 million with Mitsubishi UFJ Financial Group to fund further acquisitions.…

Chris Cooke • 10 Feb 2023

And Finally • 2 min read

Bad Bunny label hits back at uncleared sample allegations from Nigerian label

Rimas Entertainment has rejected claims from emPawa Africa that Bad Bunny's 'Enséñame A Bailar' uses an uncleared sample of a Joeboy track, saying ownership is disputed.…

Chris Cooke • 10 Feb 2023