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US radio giant iHeartMedia is lined up for a USD $100 million windfall from the sale of BMI to a shareholder group led by New Mountain Capital. On Monday (November 27), iHeart said that it expects, following the sale, to receive “approximately” $100 million of proceeds “related to its equity interest in BMI, subject to approval of the transaction by BMI […]

Twenty-eight years after its release, the late rapper 2Pac’s legendary track Dear Mama is the subject of a copyright infringement lawsuit. Terence Thomas, aka Master Tee – who is credited as a producer on the track – has filed a lawsuit claiming that producer Tony D. Pizarro, label Interscope and its parent company Universal Music Group “conspired” to obscure

For some time we’ve known that private equity firm New Mountain Capital (NMC) – majority-owner of music biz valuer Citrin Cooperman – has been in talks to acquire BMI. Now it looks like a done deal. NMC, which has over USD $45 billion in assets under management, confirmed on Tuesday (November 21) that it will “lead a shareholder group” to acquire a majority

Universal Music Group (UMG) has won a court case against a proposed class action lawsuit that argued the recording company underpaid its signed artists some $750 million in royalties. Andrus Titus and William McLean, members of the 1990s rap duo Black Sheep, filed the lawsuit this past January, alleging that UMG breached its contract with them, and with

Sony Music Publishing UK has announced a reshuffle within its A&R department, with three key promotions for executives. Felix Canetty-Clarke is upped to VP, UK A&R Strategy & International Research, from his previous role as Senior Director, A&R Research and Analytics, UK and International. The company has also promoted Sarah Gabrielli to Senior Director A&R, UK

Nuclear Blast, a metal label owned by music company Believe, has partnered with metalcore merchandise and music provider Impericon to offer a direct-to-fan platform. The collaboration will see Impericon overseeing and enhancing Nuclear Blast’s European e-commerce activities, according to a press release on Wednesday (November 22). The partnership comes as Nuclear Blast’s e-commerce shop has evolved from a

A US Senate panel has issued a subpoena to Live Nation and Ticketmaster for information regarding ticket pricing and fees. The subpoena comes after months of investigation into the company’s practices in the wake of controversies surrounding ticket sales for Taylor Swift and Bruce Springsteen concert tours. The Senate Permanent Subcommittee on Investigations, chaired by Democratic Senator Richard Blumenthal, is seeking

Madison Square Garden Entertainment’s ambitions to build what it calls a ‘large-scale, state-of-the-art, music and entertainment venue’ in London’s East End appears to have hit a major obstacle, with London Mayor Sadiq Khan blocking the plan, citing concerns about the project’s impact on local residents and its environmental credentials. Khan’s decision, reported by The Standard on Tuesday (November 21),

Warner Music Group (WMG) has struck up a new partnership with Small World Records, the label and publisher founded by Ghanaian music entrepreneur and artist SmallGod. The new deal will see Small World Records collaborate worldwide with teams from Warner Music, ADA and Warner Chappell Music, “to help propel” Small World’s roster of artists and writers to