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. Trouble in Utopia? As firm offloads Sentric to Believe, tax debt looms and employees go unpaid in Sweden

   Trouble is brewing for the headquartered tech and artist services company in Sweden

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2. How I Learned to Stop Worrying and Love The Algorithm (And You Can Too)

   Conrad Withey, founder and CEO of Instrumental, on why today's new music business excites his company... and his 9 things NOT to do as a modern label

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3. Splice appoints David Ericksen as SVP of Product and Kevin Stewart as SVP of Engineering

   Both executives will report to Splice CEO, Kakul Srivastava

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4. Sir Lucian Grainge extends contract as Chairman and CEO of Universal Music Group for 5 more years

   New deal begins after Grainge's current agreement ends later this month

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5. The top 1,000 songs on YouTube’s TikTok rival Shorts saw more than 280bn combined views in January 2023

   YouTube publishes new set of stats for its short-form video platform

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6. Warner says its staff cuts will generate ‘savings’ of around $50m annually. Expect much of it to be reinvested in tech.

   Company to reduce global workforce by about 4%

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7. Believe blasts into publishing, buying $51m-valued Sentric

   Believe is acquiring full ownership of Sentric, which was held by Utopia since February 2022

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8. Disney shuts down metaverse division amid restructuring – report

   Move affects around 50 employees, The Wall Street Journal reported on Tuesday (March 28)

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9. Mike Smith to exit as Global President of Downtown Music Services; Emily Stephenson promoted to President, Publishing at Downtown Music

   Jedd Katrancha also promoted to Chief Commercial Officer, Publishing

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10. YouTube’s Lyor Cohen to receive City of Hope 2023 Spirit of Life Award

    Cohen was chosen for this year’s award for his contributions to the music industry

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