Author name: admin

Paris-based music streaming company Deezer has announced the departure of its CEO Jeronimo Folgueira. The company says that Folgueira “has decided to resign to pursue personal projects” and that the Board of Directors is currently in the process of nominating a new CEO, who will be announced in due course”. Deezer also says that Folgueira will continue […]

Warner Music is expanding its nearly four-year-old distribution deal with Mumbai-headquartered record label and film production company Tips Music. Back in 2020, shortly after launching Warner Music India, Warner signed a distribution deal that covered Tips’ catalog of more than 13,000 Hindi-language songs. Under the deal, Warner Music India distributed the catalog locally and Warner’s indie distribution arm, ADA, handled international

The day has arrived. From today (March 1), Universal Music Publishing’s catalog of ~4 million songs is no longer actively licensed for TikTok. Those songs join UMG’s portfolio of ~3 million recordings, whose license on TikTok expired (so far without renewal) on February 1. Universal Music Publishing Group has in the past 24 hours written a

The American Society of Composers, Authors and Publishers (ASCAP) has reaffirmed its commitment to its non-profit structure, following the announcement of record-breaking collections and royalty distributions for 2023. The move comes amid ongoing industry discussions sparked by rival organization BMI’s shift to a for-profit model in 2022.  ASCAP reported a 14.1% increase in collections, reaching $1.737 billion. Correspondingly, payouts to

London-headquartered Easol, which describes itself as an “experience commerce platform,” has planted its roots in North America with the opening of its first US office in New York City. The expansion marks a significant step for the company after raising $30 million in its Series A funding round from Tiger Global with participation from existing investors Notion Capital, Y Combinator, Foundation

In a sign of how long it has taken the music industry to recover from the deep slump caused by digital piracy in the early years of the internet, new data shows the UK’s music industry has finally managed to top its 2001 revenues – and that’s not adjusting for inflation. UK digital entertainment and

NetEase Cloud Music – China’s second-largest operator of music streaming services, behind Tencent Music Entertainment – has reported a 15.3% YoY increase in paid subscribers in 2023, as the company rolled out new AI tools for user-generated music and enhanced its offerings to superfans. In its full-year earnings report for 2023 (ended December 31) the company said it

Music industry veteran Damaris Rex-Taylor has been promoted to Managing Director of RCA Records UK, a unit of Sony Music UK. Damaris brings a wealth of experience to her new role, having traversed various sectors within the music industry, including independent and major labels, as well as media and artist management.  Her entrepreneurial skill has been

The Independent Music Companies Association (IMPALA), representing over 6,000 European independent labels and artists, has urged Apple Music to reconsider its recently implemented “spatial audio bonus” and engage in a collaborative dialogue to find a fairer solution for all stakeholders in the streaming landscape. The new policy, introduced last month, offers a 10% royalty increase for music available in spatial

Music data company Viberate has unveiled new research results focused on the use (and usefulness) of streaming platforms by A&Rs around the world. The findings are based on a survey of 125 music industry professionals. 77% were label managers or label A&Rs, with the remainder consisting of a mixture of artist managers, booking agents, digital marketers and