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Universal Music Group (UMG) has acquired Chabaka Music, a UAE-based music company specializing in digital distribution, marketing, publishing, and artist services across the Middle East and North Africa (MENA) region.  The company said the move expands UMG’s reach in one of the world’s fastest-growing music sectors, according to a press release on Wednesday (August 30). Founded in […]

Singapore-based BandLab Technologies, parent company of social music-making platform BandLab, has unveiled what it says is “a comprehensive rebrand”. The company has also launched a new corporate website, which it says will serve as a central hub for its music technology offerings. BandLab Technologies’ portfolio includes flagship social music creation platform BandLab, music production software Cakewalk,

Joel Klaiman, a former Sony Music Entertainment executive, has launched ASCEND4M, described as a global music and entertainment marketing and consulting agency focused on comprehensive media strategies and practical artist and brand development. ASCEND4M will provide strategic guidance to artists and businesses in the music and entertainment realm, according to a press release on Tuesday (August 29). The

Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs. Patrick Boulos, Universal Music Group‘s CEO in the MENA

Last week, Germany-based live music promoter CTS Eventim published its H1 results, reporting H1 revenues of EUR €1.021 billion, a 39% increase compared with the prior-year period. This week, it’s the turn of another Germany-based promoter, DEAG Deutsche Entertainment Aktiengesellschaft (DEAG). DEAG reports that it is “fully on track” to achieve its full-year revenue target of over €300 million. The company also says that

LimeWire, formerly a file-sharing platform that relaunched as an NFT marketplace, has launched an artificial intelligence studio in partnership with Polygon Labs. The LimeWire AI Studio will allow users to create AI-generated images, followed by music and video capabilities later this year, the company said in a LinkedIn post on Tuesday (August 29).   “Starting today, users will be

Warner Music China has signed what it says is a “landmark” deal to distribute the next album by Lay Zhang, who it describes as “one of the biggest superstars in Greater China”. The launch ceremony of Warner’s strategic partnership with Zhang took place this week at Warner Record’s headquarters in Los Angeles. Zhang, an artist, producer,

Deezer will be joining Mercado Libre for the launch of its new Meli+ service, described as an ‘all-inclusive retail and entertainment subscription service’, which is being rolled out in Mercado Libre’s main markets, Brazil and Mexico Mercado Libre is present in 18 countries and reports to have over 100 million unique active users. Deezer says

The sound of opportunity for the record business across the Middle East and North Africa (MENA) is getting louder. The latest evidence: Universal Music Group‘s announcement yesterday (August 30) that it’s acquired Chabaka Music, a company based in the United Arab Emirates and founded in 2013 by brothers Ala’a and Tarek Makki. Chabaka specializes in digital distribution, marketing, publishing, and artist