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Believe board backs buyout bid - but company will remain listed on Paris exchange

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Believe • 5 min read

Believe board backs buyout bid - but company will remain listed on Paris exchange

Believe’s move to private equity backing now looks like a done deal. The twist is that shareholders won’t be forced to sell their shares and can participate in Believe’s long term growth through a continued public listing, while sources point to “upcoming consolidation” in music industry…

Sam Taylor • 19 Apr 2024

Twitch “close” to securing major label licensing deals

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Twitch • 3 min read

Twitch “close” to securing major label licensing deals

Twitch CEO Dan Clancy has said that after years of negotiations, the live streaming platform is now “pretty close” to securing licensing deals with the major record labels for the use of their music…

Andy Malt • 15 Apr 2024

Gee Davy to take over as head of indie label trade body AIM as Silvia Montello exits

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Association Of Independent Music (AIM) • 2 min read

Gee Davy to take over as head of indie label trade body AIM as Silvia Montello exits

AIM has announced that Silvia Montello is leaving the organisation, a little over a year after joining. Newly promoted to Chief Policy Officer, Gee Davy will lead the organisation going forward, as the trade body indicates to CMU that it has no plans to recruit a new CEO in the foreseeable future…

Andy Malt • 11 Apr 2024

WIN renews shared values of the independent music community

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WIN • 3 min read

WIN renews shared values of the independent music community

The World Independent Network has updated its Global Independent Values. First published in 2012, these are the ten key principles shared by the international trade body’s members. They have been renewed following a period of consultation with music organisations globally…

Andy Malt • 10 Apr 2024

IMPALA says “huge value gap” when it comes to TikTok

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IMPALA • 2 min read

IMPALA says “huge value gap” when it comes to TikTok

IMPALA has issued a new statement about the digital music market, expressing concerns about TikTok undervaluing music, and urging music streaming services to deal with the “unintended negative consequences” of the changes they have made to their royalty models…

Chris Cooke • 04 Apr 2024

Setlist Podcast: Make big shows fund grassroots music, politicians told

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Setlist • 3 min read

Setlist Podcast: Make big shows fund grassroots music, politicians told

UK politicians hear possible solutions to the grassroots venues crisis, Nirvana logo dispute back in court…

Andy Malt & Chris Cooke • 29 Mar 2024

Rapper ordered to pay $800,000 to Sony over TikTok hit with unlicensed sample

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Sony Music • 4 min read

Rapper ordered to pay $800,000 to Sony over TikTok hit with unlicensed sample

A US court has ordered rapper Trefuego to pay Sony Music over $800,000 in damages after he used an uncleared sample in a track that went viral on TikTok. However, the judge declined to issue an injunction banning future distribution of the track…

Chris Cooke • 28 Mar 2024

French regulator AMF knocks back Believe consortium’s accelerated bid, giving Warner Music a chance to make a formal offer

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Believe • 5 min read

French regulator AMF knocks back Believe consortium’s accelerated bid, giving Warner Music a chance to make a formal offer

WMG has access to Believe’s data and fourteen days to make a binding offer for the business. What does that mean and what does it look like? Can Warner find the cash? Even if it can, the deal would bring Warner, Believe and Deezer under common ownership - and will that pass regulatory oversight?…

Sam Taylor • 25 Mar 2024

YG Entertainment denies spending $30 million+ on re-signing Blackpink

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Blackpink • 2 min read

YG Entertainment denies spending $30 million+ on re-signing Blackpink

YG Entertainment spent 41.2 billion won on signing new deals last year. Not all of that went on its biggest deal, re-signing Blackpink, a spokesperson insists. Though for YG investors, that’s the deal that really matters, and the sooner Blackpink can get a new album out the better…

Chris Cooke • 25 Mar 2024

IFPI report shows 10.2% growth in global recorded music market

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IFPI • 4 min read

IFPI report shows 10.2% growth in global recorded music market

Worldwide recorded music revenues grew 10.2% in 2023, according to the Global Music Report from the IFPI. Streaming accounts for 67.3% of total revenues, according to IFPI maths, though the industry still needs to get more value out of free streaming, labels reps say…

Chris Cooke • 21 Mar 2024

Nine stream manipulation sites taken offline in Canada

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Streaming Fraud • 2 min read

Nine stream manipulation sites taken offline in Canada

Nine stream manipulation websites have gone offline in Canada as a result of action prompted by a formal complaint from the country’s record industry to the Canadian Competition Bureau. Music Canada says this development sets an “important regulatory precedent that can be followed in other markets”…

Chris Cooke • 15 Mar 2024

Believe x WMG takeover dance warms up as financial regulator is called in

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Believe • 10 min read

Believe x WMG takeover dance warms up as financial regulator is called in

We’re not calling it a takeover battle - yet. After Warner quietly threatened to get the French financial markets authority to step into its maybe/maybe-not bid for Believe the independent committee at the French indie giant has gone straight for the throat and called them in itself…

Sam Taylor • 12 Mar 2024