Music Business Worldwide

The latest music news from Music Business Worldwide, News, jobs and analysis for the global music industry and on artists new releases and where to get new mp3 songs.

1. Beggars Group has acquired majority ownership of XL Recordings, documents show

   UK-headquartered indie music company Beggars Group has been the majority owner of XL Recordings since October 2024

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2. Beggars Group revenue hit $140m in 2024, as operating profit jumped 49%

   The company saw revenue grow as it celebrated a year of Grammy nominations and Brit Awards wins

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3. The UK’s PRS for Music reports largest-ever quarterly royalty payout at $368m, up 4% YoY

   More than 50,000 song creators will be paid via PRS this quarter, including hundreds of first-time songwriters and composers

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4. James Barton resigns from Superstruct, less than 18 months after KKR’s acquisition of company

   Superstruct has faced objections from artists following investment in the company from KKR last year

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5. Eric Wong promoted to EVP, Recorded Music at Warner Music Group

   He will remain based in New York, reporting directly to WMG CEO Robert Kyncl

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6. Dionne Warwick sued by rights company over royalties from Doja Cat sample deal

   Artists Rights Enforcement claimed the singer tried to cut off payments under agreements they struck since 2002.

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7. Beatchain launches music platform WAVVI in West Africa via AFROSON1C X partnership

   WAVVI will offer streaming distribution, AI-powered advertising campaigns, performance and auience analytics and audio mixing tools, among others.

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8. Berlin startup Mirelo raises $41m in seed funding for AI-generated video sound

   Founded in 2023, the startup develops foundation models that produce synchronized sound effects for video content.

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9. Warner India’s Divo names Sony veteran Ashok Parwani as Head of Music

   Parwani spent two decades at Sony Music India, where he helped build the company’s southern India operations.

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10. Ollie Wards departs as TikTok’s Director of Music for Australia and New Zealand

    Wards' adieu follows hot on the heels of Charlotte Stahl's departure as head of Music Partnerships for the EMEA region

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