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NetEase Cloud Music, China’s second-largest music streaming provider, recorded yet another increase in paying streaming subscribers and music streaming revenue in its latest earnings report, but the numbers fell well short of its chief rival, Tencent Music Entertainment. In its earnings release Thursday (August 24), NCM, a subsidiary of Huangzhou-headquartered internet giant NetEase Inc., reported 41.8 million paying music […]

BMG has promoted long-time senior BMG Business & Legal Affairs executive Anthony (Tony) Abner to Global General Counsel, Executive Vice President, Business & Legal Affairs. Serving as the most senior attorney counseling BMG senior management and managing BMG’s global legal teams, Abner reports directly to BMG CEO Thomas Coesfeld. Previously serving in BMG’s Los Angeles office,

Word Collections, the digital rights management company founded by music entrepreneur Jeff Price, has secured $5 million in funding from investors led by Metallica’s Black Squirrel Partners. The funds will be used to accelerate Word Collections’ global direct licensing business and to further develop its proprietary music-identification and tracking technology, the company said in a statement

The global concert business is booming, and live music companies are publishing the balance sheets to prove it. US-headquartered live music giant Live Nation recently reported Q2 revenues of $5.6 billion for its global operations , up 27% YoY. Over in Europe, Germany-headquartered live entertainment company and ticket seller CTS Eventim just announced that it generated H1 revenues of EUR €1.021 billion, a 39% increase

Vietnamese internet startup VNG Corp, the parent company of music streaming platform Zing MP3, has filed for initial public offering in the US. As noted by Reuters, the move positions VNG, Vietnam’s first unicorn, to become the first technology firm from the country to be publicly listed in the US. Reuters also reports that VNG first entered into a

On an earnings call earlier this year, Reservoir Media CEO Golnar Khosrowshahi expressed an ambitious goal for the New York-headquartered independent music company. “Expanding our portfolio in… important emerging markets, but especially within the Middle East, is highly important to our overall strategy and a key differentiator for us,” she told analysts on the call. “With our network and ability to

Artificial intelligence may be the best example yet of a development that is both a threat and an opportunity – and nowhere is that more the case than in the music rights business. In the wake of the massive buzz around AI over the past year, some music biz analysts have leaned towards the “threat”

Alliance Entertainment Holding, a US-based distributor and wholesaler of music, movies, video games, electronics, has reported a 55% year-over-year jump in K-Pop sales to $32 million in the 12 months to July 31. The company on Tuesday (August 22) revealed that it shipped over 2 million units of K-Pop items in the 12 months to

The immersive BLACKPINK: THE PALACE experience will serve as a virtual gathering space for the K-Pop girl group’s fanbase, known as BLINKs, within Roblox. The feature offers fans an opportunity to immerse themselves in an online environment, allowing them to participate in various activities, connect with fellow fans, and explore the multifaceted world of BLACKPINK that transcends