Sony Music’s merch operation expands

Sony Music’s merchandising division, The Thread Shop, is going to acquire the music merch division of The Araca Group for an undisclosed fee. New…

Is Tencent buying 10% of Universal Music Group?

Chinese coloss Tencent made an offer to buy 10% of UMG for €3bn. If the deal is finalized, Tencent would also have a one-year call option to acquire…

Spotify's paying subscribers reaches 108m

A new financial update released on July 31 by Spotify confirmed that the company's premium subs count was up 31% year on year (on the same three…

FUGA acquire rights platform Songspace

FUGA, tha amsterdam.based technology and services company, just acquired full ownership of Nashville-based rights management and creative workflow…

Vivendi to appoint investment for the sale of up to 50% of its subsidiary UMG

France-based coloss Vivendi is appointing, today (July 25th) “several investment banks” for the sale of up to 50% of its subsidiary Universal Music…

FIMI's Enzo Mazza urges Spotify to ‘do more’ make Italians subscribe

Enzo Mazza, boss of Italian music body FIMI talkend about his thoughts (during an interview with Torrentfreak) on the topic of music subscriptions…

Patreon announced a $60m Series D funding round

Crowdfunding firm Patreon announced a $60m Series D funding round, taking its total raised since launch to nearly $166m.

Musician Serj…

7digital Group plc annonces board changes

Following the publication of its annual accounts for the year ended 31 December 2018, 7digital Group plc announced the appointments of Tamir Koch as…

Spotify changed its mind: it won't be a distributor

Spotify, last year, announced that it was enabling artists to upload their music direct to the platform. This feature launched in Beta in September…

Spotify and Libra cryptocurrency: what's up?

It's official: music-streaming Spotify is on board as one of the first backers of Facebook's new Libra cryptocurrency. The social network will…

Merlin reveals record revenue distributions in new 2019 Membership Report

Merlin, the global digital rights agency for the independent label sector, published its 2019 Membership Report & Survey - revealing a…

Emerge: social change is the focus

Emerge is a radical new festival/conference, aiming to reignite the role of popular music as a central driver of social change by showcasing…

Midem: finalists for 2019 Midemlab startups contest unveiled

The 20 startups that will be pitching as part of the Midemlab startups contest in Cannes this June have been revealed. The contest saw 177 startups…

Amazon is getting ready to launch a hi-def music streaming service

Less than a week after Amazon launched its first fully free music streaming service, according to "Music Business Worldwide" the company is planning…

EU passes first ever Europe-wide legislation vs ticket scalping

MEPs have voted to outlaw the use of specialised software (bots) to circumvent ticket purchasing rules, including maximum buying limits. The move…

Amazon to launch a free music-streaming service?

Amazon Prime Music is bundled into the company’s Prime membership, but it’s generally counted as a subscription service for music-industry metrics…

All about the Emerge Festival 2019 edition

The Emerge Festival, this year, will take place at the Hard Rock Hotel, in Las Vegas, from May 31 to June 1. The heart of the event are three four…

YouTube's Foundry program adds 11 new artists

YouTube Music has just added 11 new artists to its Foundry development program for independent acts; moreover, it will add an additional set of…

Streaming drove 9.7% rise in global recorded-music revenues in 2018

According to industry body the IFPI, global recorded-music revenues grew by 9.7% in 2018. The figures come from its annual Global Music Report…

Billie Eilish: her new album is showing an impressive first-week amount of streams

Singer-songwriter Billie Eilish is quite popular with music-streamers and - obviously - with the streaming services. Accordin to a "Billboard…