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Germany-headquartered live music company CTS EVENTIM and Sony Music Latin Iberia are expanding their EVENTIM joint venture to acquire Punto Ticket in Chile and Teleticket in Peru. The companies formed a JV in 2016 under the EVENTIM banner to provide ticketing services in Brazil, leveraging, according to the companies, “both CTS EVENTIM’s state-of-the-art technology platform and Sony Music Latin […]

Generative AI music startup Boomy has inked a global distribution deal with Warner Music Group-owned indie label distributor ADA Worldwide, in what it calls a “first-of-its-kind” partnership. ADA, Warner’s independent distribution and label services arm, distributes music for a number of indie labels, and now it will also distribute music from Boomy, a platform that enables artists

Warner Music Group’s EDM label Spinnin’ Records has entered into a joint venture partnership with Kanary Records, an independent dance label and publisher.  Kanary was established by brothers Alex and Christopher Van den Hoef, who also form the Multi-Platinum production duo known as DVBBS. The label is home to a roster of up-and-coming artists including Arkade, Bad Nonno and Dayfive. The partnership with Spinnin’ Records will

In September, live music giant Live Nation announced that its US clubs would stop taking a percentage of artists’ merch stand sales. The initiative is part of a wider program called “On the Road Again”, created with legendary artist Willie Nelson to support developing artists and crew at the club level. Now, via its On the Road Again program, Live Nation is

MBW Explains is a series of analytical features in which we explore the context behind major music industry talking points – and suggest what might happen next. MBW Explains is supported by JKBX, a technology platform that offers consumers access to music royalties as an asset class. WHAT’S HAPPENED? The European Union has done it: It’s

Short-form video giant TikTok is setting its sights on significantly expanding its US e-commerce business, targeting a tenfold increase to as much as $17.5 billion in gross merchandise value this year. The goal was discussed in internal meetings in recent weeks, although it is still subject to change, depending on how the business develops, Bloomberg reported Thursday (January

New York Attorney General Letitia James has filed a lawsuit against SiriusXM Radio, accusing the satellite radio company of “trapping consumers in unwanted subscriptions” through deceptive and burdensome cancellation practices.  The lawsuit, filed on December 20, 2023, is based on an investigation by the Office of the Attorney General (OAG), according to a press release from James’ office. It alleges

Universal Music Group has kicked off 2024 with a big deal announcement: The world’s largest music rightsholder has confirmed a new multi-year licensing agreement with Tencent Music Entertainment (TME). Under the contract, TME will continue to have access to UMG’s music catalog for QQ Music, Kugou Music, Kuwo Music, and WeSing. The expansive partnership includes music

MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an asset class. If the music industry gets its way on the issue of copyright and AI, it

Universal Music Group (UMG) has taken another step in its ambitious expansion into South Asian and South Asian-influenced music. The world’s largest music rightsholder announced on Thursday (January 4) that it is acquiring the entire catalog of UK-based South Asian music label Oriental Star Agencies (OSA Ltd.). The deal includes all of the label’s recordings, as well as