WARNER MUSIC GROUP PARTNERS WITH CHOCOLATE CITY, ONE OF NIGERIA’S LEADING INDEPENDENT LABELS
Artists signed to leading Nigeria-based label Chocolate City are about to be given a big global push. Warner Music Group (WMG) is partnering with the independent company in a deal
SONGTRADR BUYS MUSIC LICENSING AGENCY BIG SYNC MUSIC IN MULTI-MILLION DOLLAR DEAL
Santa Monica-based music licensing platform Songtradr has acquired creative music licensing agency Big Sync Music Ltd. The acquisition was a multi-million dollar cash and equity transaction and resulted in Big
Spotify Hints At Further Podcast Acquisitions In Near Future
There’s an important point to realise about Spotify’s announcement yesterday that it has “line of sight” on $400m-$500m to spend on acquiring podcasting companies: that figure *includes* the amount spent
Done Deal: SiriusXM Completes $3.5bn Acquisition of Pandora
It’s a done deal. Sirius XM Holdings Inc. has confirmed today (February 1) that it has completed its $3.5bn all-stock acquisition of Pandora Media. With the transaction complete, SiriusXM says
British music industry to send trade-mission to China
China is already a top-10 recorded-music market according to the IFPI, with western labels and artists alike keen to understand how they can reach audiences and generate income there. British
SONY MUSIC STREAMING REVENUES TOPPED $2BN IN 2018, AS TOTAL SALES HIT $3.9BN
Sony’s global recorded music operation generated $3.92bn in revenue in the last calendar year – with streaming claiming over 50% of this sum. According to new financial figures posted by Sony
SoundExchange paid $953m to artists and labels last year – an all-time record
US-based collection and licensing society SoundExchange paid $952.8m to artists and record labels in 2018. That figure was up 46.2% on 2017, when the organization distributed $652m to its recorded
American Airlines to provide exclusive inflight access to Apple Music
Apple Music has literally aimed for the sky with its latest partnership. The service has inked a deal with American Airlines – and starting Friday (February 1), Apple Music subscribers