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. The Black Label, the studio behind the KPop Demon Hunters soundtrack, just raised $80M with investment from Tencent Music

   Bloomberg reports that the deal values The Black Label at 1 trillion won (approximately $660M)

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2. Kakao’s Melon, Tencent Music, and Line Music to launch unified K-pop chart that pools streaming data from South Korea, China, and Japan

   Melon will upload congratulatory video messages from artists including NCT Taeyong, Le Sserafim, ALPHA DRIVE ONE, and AND2BLE ahead of the launch.

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3. Ticketmaster expands into the Philippines through SM Prime partnership

   SM Ticketmaster will partner with third-party venues, promoters and other ticketed experiences across concerts, sports and live events.

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4. Stability AI’s Julian Parker, a key researcher behind Stable Audio, joins Spotify’s ‘artist-first AI’ team – days after streamer’s landmark UMG remix deal

   Parker's announcement of the move arrived less than 24 hours after Spotify and Universal Music Group unveiled landmark licensing agreements for AI-powered covers and remixes

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5. Has Warner Turned A Corner?

   The latest 'Tim's Take' from Music Business Worldwide founder, Tim Ingham

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6. Live Nation faces calls for another competition investigation as UK lawmakers flag live music market dominance

   MPs concluded that Live Nation meets the threshold for market dominance across multiple areas of the UK live music supply chain.

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7. Ed Sheeran leaves Warner Music Group after 15 years – and 170 million albums sold

   The singer-songwriter revealed in a newsletter to fans that he parted ways with Atlantic Records and Asylum Records last month.

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8. Spotify and major music DSPs on alert as Canada triples streaming tax to 15%

   The Canadian Radio-television and Telecommunications Commission tripled the levy on Netflix, Disney+, and Amazon Prime Video to 15%.

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9. Udio’s licensed AI music app will be called Starstruck, with four creation modes for fans (Report)

   Starstruck will offer four modes for users to interact with music from opted-in artists and songwriters: Cover, Reimagine, Remix and Create.

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10. Warner Music partners with GZ Media to show unsold vinyl records can be recycled without compromising sound

    The pilot processed approximately 10,000 unsold records sourced across multiple artists, titles, and pressing plants.

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