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TikTok Inc
Universal Music impasse with TikTok threatens to take more tracks off platform
...Big music companies earn billions of dollars a year through royalty payments from streaming service and social media platform operators including Spotify, Apple and Meta....
February 28, 2024
Brookfield Asset Management Inc
Brookfield in talks to buy majority stake in $22bn airline lender
...Other investment outfits inside Brookfield’s credit group include European credit manager LCM Partners, a stake in music royalty group Primary Wave, and a technology-focused lender called Pinegrove, in which...
April 11, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Apple Inc
Independent record labels push back on Apple’s pay plans
...Apple introduced spatial audio to its music streaming service in 2021, at no additional cost to subscribers. Amazon’s music service also offers spatial audio....
February 2, 2024
Apple Inc
EU to hit Apple with first ever fine in €500mn music streaming penalty
...It will ban Apple’s practice of blocking music services from letting users outside its App Store switch to cheaper alternatives....
February 18, 2024
Bertelsmann SE & Co KGaA
Bertelsmann would consider deal to expand music business BMG, says chief
...’s Dutch arm and the services company Majorel....
March 26, 2024
Apple Inc
EU seeks to investigate Apple over cutting off web apps
...services....
February 26, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
LexLive Nation Entertainment Inc
Live Nation deserves to face the antitrust music Premium content
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
April 18, 2024
Media
Music rights investor secures $500mn to fund acquisition spree
...Cutting Edge Group (CEG), a music financier, publisher and record label based in London, has secured $500mn from a syndicate of four banks, led by US lender Fifth Third Bank and Northleaf Capital....
April 15, 2024
TikTok Inc
Universal Music set to pull songs from TikTok after negotiations break down
...The big music companies earn billions of dollars a year through royalty payments from streaming services and social media sites including Spotify, Apple and Meta....
January 31, 2024
Taylor Swift
Taylor Swift’s return to TikTok puts her at odds with Universal
...Big music companies earn billions of dollars a year through royalty payments from streaming services and social media groups including Spotify, Apple and Meta....
April 11, 2024
Apple Inc
Apple fined €1.8bn for breaking EU law over music streaming
...She said this amounted to abuse of the group’s dominant position for music streaming on its App Store....
March 4, 2024
Believe
Warner kicks off bidding war for French music group Believe
...streaming services such as Spotify....
March 7, 2024
InterviewLunch with the FT
Sony Music boss Rob Stringer: ‘We want the artist to be paid’
...These successes have shown the value of owning older music rights, which have become a sought-after asset for music rights investment companies such as the UK’s Hipgnosis and US private equity groups....
March 29, 2024
EU tech regulation
EU probes Apple, Meta and Alphabet under landmark new law
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
March 25, 2024
LexApple Inc
For Apple, a €1.8bn EU fine is just the start Premium content
...Facebook shares jumped after a record-breaking $5bn fine from US regulators in 2019. Alibaba shares rose after Chinese regulators fined Ant Group....
March 5, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Unhedged
Inflation is not going quietly Premium content
...In Europe, the competition authorities have fined the company €1.8bn for suppressing competition from rival music streaming services on its platform....
April 11, 2024
Universal Music Group
‘It’s a hangover’: Taylor Swift makes history as music business creaks
...Other music groups are experiencing similar slowdowns....
February 5, 2024
Letter
Letter: Music sector’s jarring note on gender progress
...This, unfortunately, is far from the case, and the gender imbalance inherent in finance we also see in most parts of the music industry itself. Leyla Khosrowshahi New York, NY, US...
March 6, 2024
Personal Finance
The music industry’s fightback is picking up rhythm
...In September, Universal struck a deal with French music streaming service Deezer that marked the first major change in streaming royalties since the advent of the industry in the late noughties....
January 17, 2024
Hipgnosis Songs Fund
Hipgnosis agrees $1.4bn sale to Concord Chorus
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from US rival Concord Chorus....
April 18, 2024
Apple Inc
US accuses Apple of building smartphone market monopoly in antitrust case
...The landmark lawsuit filed on Thursday in federal court in New Jersey by the US Department of Justice, along with a bipartisan group of 16 state and district attorneys, accuses the group of imposing contractual...
March 21, 2024
Believe
Believe looks to take music group private less than 3 years since IPO
...Most of Believe’s revenues come from its premium service for more established artists, but unlike traditional music labels, the musicians keep control over their copyright and pay Believe a share of revenue...
February 12, 2024
Inside BusinessAnna Nicolaou
Streaming model for music set for a streamlining
...Swift accounted for one in every 78 streams in the US last year....
January 18, 2024
InterviewMusic
T Bone Burnett, architect of the Americana music revival, steps into the spotlight
...More than a decade after its release, in 2011, All Songs Considered, US National Public Radio’s flagship music programme, said the album “kick-started an Americana music revival”....
April 10, 2024
Inside BusinessAnna Nicolaou
The last of pop’s superstars?
...In the top 20 this week there were a few well-known US stalwarts such as Ariana Grande and Beyoncé....
April 11, 2024

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