News
Universal Music eyes "1 billion bond sale, Bloomberg reports
25+ min ago (462+ words) Universal Music Group is looking to raise around EUR "1 billion (USD $1. 15 billion) from a potential bond sale. That's according to Bloomberg, which reported on Monday (June 8), citing a person familiar with the matter, that UMG is "speaking to investors ahead…...
Spotify seeking rights to show live video of music festivals (report)
1+ hour, 17+ min ago (600+ words) Spotify has approached concert promoters about licensing the rights to show live video of music festivals. That's according to Bloomberg, which reported on Monday (June 8) that the plans had been described to it by people familiar with the talks. Adding…...
Suno asks court to block UMG and Sony from expanding copyright lawsuit to over 61, 000 recordings
2+ hour, 39+ min ago (814+ words) Suno has asked a federal court to block Universal Music Group and Sony Music Entertainment from adding more than 61, 000 sound recordings to their copyright infringement lawsuit against the AI music company. In an opposition brief filed on Thursday (June 4), which…...
Ticketmaster halts C'line Dion Paris ticket sale, citing "suspicious activity
14+ hour, 24+ min ago (592+ words) Ticketmaster halted the ticket onsale for C'line Dion's Paris concerts on Thursday (June 4), telling buyers it had detected "suspicious activity" in its queue. The pause left fans who had spent hours waiting in Ticketmaster's online queue unable to complete their…...
From Suno's $5. 4 B valuation to Bill Ackman's exit from Universal Music" it's MBW's weekly round-up
2+ day, 19+ hour ago (540+ words) This week, Universal Music Group spent around $290 million buying back stock directly from Bill Ackman's Pershing Square, as the fund exited its position in the company. Meanwhile, AI music firm Suno raised over $400 million, pushing its valuation to $5. 4 billion. Elsewhere,…...
UMG launches next WAV artist development program in New Zealand
2+ day, 21+ hour ago (578+ words) Universal Music New Zealand (UMNZ) has launched next WAV. , an artist development program for secondary school students pursuing careers in music. UMNZ, which describes itself as the country's largest record label, announced the program on Thursday (June 4). The 12-month program…...
Soraib el Jelali appointed Head of A&R at Warner Chappell Music Benelux
2+ day, 21+ hour ago (579+ words) Soraib el Jelali has been appointed Head of A&R, Benelux at Warner Chappell Music (WCM), the music publishing arm of Warner Music Group. He will be based at WMG's Amsterdam offices and report to Niels Walboomers, President, Publishing, Benelux…...
Concord invests in and strikes strategic partnership with Lito Music, the company founded by Latin hip-hop & reggaeton artist Lito MC Cassidy
3+ day, 20+ hour ago (465+ words) Concord Label Group has formed a strategic partnership with Lito Music, the company founded by influential Latin hip-hop & reggaeton artist Lito MC Cassidy. The deal, announced on Thursday (June 4), expands Concord's presence in the global Latin music market. MBW understands…...
Julian Franzoni appointed General Manager for Argentina and Uruguay at Warner Chappell Music
3+ day, 23+ hour ago (446+ words) Warner Chappell Music has appointed Julian Franzoni as its new General Manager for Argentina and Uruguay. In the role, Franzoni will oversee the publisher's regional operations and report to Gustavo Men'ndez, President, U. S. Latin & Latin America at Warner Chappell Music. The…...
ABBA's bjorn-ulvaeus-on-ai-human-creativity-is-not-just-expression-it-is-testimony-a-life-lived
3+ day, 20+ hour ago (1535+ words) MBW Views is a series of op-eds from eminent music industry people" with something to say. The following was originally delivered as a speech at the centenary General Assembly of the International Confederation of Societies of Authors and Composers (CISAC)…...