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Global recorded music revenues grew 9.8% YoY in 2023 to reach USD $35.1 billion. That’s according to new estimates in a report published by MIDiA Research today (March 18), which arrives a few days before global recorded music body IFPI publishes its annual Global Music Report, including data on the global recorded music market for 2023. MIDiA estimates that streaming revenues reached $21.9 billion in […]

A joint effort by global recording industry group IFPI and Music Canada has resulted in the takedown of nine “streaming manipulation” websites operating in Canada, marking a major victory for record companies. Streaming manipulation is a practice that undermines artist revenue and distorts music streaming charts. IFPI and Music Canada — which represents Canada’s major labels, Sony Music

Concert promotion and live events company AEG Presents has partnered with Cárdenas Marketing Network (CMN), a Chicago-based international Latin music powerhouse, to create what they describe as “the world leader in live Latin music.” The two companies will work together to create “elevated and expanded experiences” for artists and audiences globally, according to a press release on

Music industry groups have welcomed the European Parliament’s passing of the Western world’s first comprehensive regulations on the development and use of AI, and urge the EU to enforce the law’s copyright provisions in a “meaningful and effective” way. Members of the European Parliament (MEPs) passed the AI ACT on Wednesday (March 13), with 523 votes in

Haley Evans has been promoted to President of US-based songwriter and producer management company, Mega House. Evans, previously Vice President of the Los Angeles-based company, will report to Co-CEOs David Silberstein and Jeremy Levin. Mega House clients have sold over 500 million singles and accumulated over 125 billion streams worldwide by artists like Maroon 5,

Mercury Records has expanded its executive team in New York. The team now includes EVP, Mercury Records, Alex Coslov and SVP, Media, Mercury Records, Marisa Bianco – both of whom had tenures at Republic Records and will transition to full-time roles at Mercury. Additionally, Mario Vazquez will join the team as VP, of Audience and Streaming in

France-headquartered streaming service Deezer’s soon-to-be-former CEO, Jeronimo Folgueira, has been raising the alarm for some time about low-quality content flooding music streaming services, degrading the user experience and diluting the money earned by legitimate artists. “There’s a lot of content now getting uploaded to our platform every week, and that number keeps growing and growing and

During a recent appearance in Doha, Qatar, Warner Music Group (WMG) CEO Robert Kyncl announced that the company is building a “superfan app.” “I’ve assembled a team of incredible technology talent from Google and Stripe and Instacart and lots of other great technology companies who are working on a superfan app, where artists can connect directly with their superfans,” Kyncl said at the

Big Loud Records, the Nashville-based independent label that houses country music juggernauts like Morgan Wallen, HARDY, and ERNEST, has announced a major shift in its distribution strategy. The label has signed a multi-year distribution deal with Mercury Records/Republic, streamlining its distribution channels by bringing all Big Loud releases under the Mercury Records/Republic umbrella, news outlets including Billboard reported,

  Mercury Records has expanded its executive team in New York. The team now includes EVP, Mercury Records, Alex Coslov and SVP, Media, Mercury Records, Marisa Bianco – both of whom had tenures at Republic Records and will transition to full-time roles at Mercury. Additionally, Mario Vazquez will join the team as VP, of Audience and Streaming