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Sony’s global music rights operation – across recorded music and music publishing – generated USD $2.55 billion in the three months to end of September 2024. That’s according to MBW’s calculations based on Sony Group Corp’s calendar Q3 2024 (fiscal Q2) results, as announced by the Japanese firm today (November 8). The $2.55 billion figure […]
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 maximize their income and reduce their touring costs. Early this week we got word of the passing […]
Lekeisha Irion has been appointed Head of A&R at Warner Chappell Music (WCM) Benelux. She will be based in the company’s Amsterdam headquarters and report to Niels Walboomers, President, Records and Publishing, Benelux, WMG. Irion joined the publisher at the start of last year as an A&R Manager focusing on Dutch pop and hip-hop. She […]
According to Counterpoint’s market research, the vanilla iPhone 15 was the best-selling smartphone in the world in Q3 this year. The handset is followed by its siblings, the iPhone 15 Pro Max and 15 Pro. However, Samsung took more spots in the top 10, many of which are occupied by the company’s budget Galaxy A […]
TikTok may have recently announced the shutdown of its TikTok Music streaming platform (in the handful of countries where it was available, to begin with), but the social media platform’s integration with the world of music streaming continues nonetheless. TikTok announced on Thursday (November 7) the launch of its ‘Share to TikTok’ feature, which is […]
MBW’s Inspiring Women series profiles female executives who have risen through the ranks of the business, highlighting their career journey – from their professional breakthrough to the senior responsibilities they now fulfill. Inspiring Women is supported by Virgin Music Group. Donna Caseine, who is today EVP and Global Creative Director at Reservoir, was destined to work in […]
Chinese classical music platform Kuke Music Holding on Monday (November 4) announced that Li Sun has stepped down from President of the company, effective July 23, 2024. “Ms. Sun’s resignation was not a result of any disagreement between Ms. Sun and the company on any matter relating to the company’s operations, accounting policies, or practices,” […]
Last night was a big night in the US, sure. But it was a big night in London too. Yesterday evening (November 5) saw MBW’s Music Business UK Awards take place in Covent Garden, celebrating the very best that the UK music biz has to offer. The night began with a surprise: the International Executive […]
South Korea-headquartered entertainment powerhouse HYBE has published its financial results for Q3 2024 (the three months ending September 30). During the quarter, across all of its divisions, the company generated 527.8 billion South Korean Won (USD $389.2 million at the average exchange rate for the quarter). This represents a 1.9% YoY drop and a 17.6% […]
Believe has issued a statement in response to a major copyright infringement lawsuit filed against the company and its subsidiary TuneCore by Universal Music Group, ABKCO, and Concord Music Group. The lawsuit, filed on Monday (November 4) alleges that Believe has built its business through “industrial-scale copyright infringement” of “the world’s most popular copyrighted recordings.” In a statement issued to MBW today […]