Companies plan to build a ‘new, persistent metaverse world’ where fans can watch virtual concerts
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Author archives: Music Business Worldwide
Every 2 hours, the major music companies now jointly generate more than $5 million
MBW crunches last year’s fiscal numbers… and finds the majors piled on $4 billion in annual revenue
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BTS Permission to Dance on Stage – Seoul concert broadcast generated $32.6m
Film was released in 3,711 cinemas in 75 countries
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Meet Italy’s Rude Records, the $4.6m-valued indie label aiming for an IPO by 2025
Label President Ilich Rausa discusses fund raising and expansion plans
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Sony Music buys minority stake in Walter Kolm’s WK Records
Sony previously acquired a 50% stake in Kolm’s separate management company
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Markku Lonnqvist named Chief Investment Officer at Hipgnosis Song Management
Hipgnosis Song Management is the investment advisor to two Hipgnosis-branded funds: the UK-listed Hipgnosis Songs Fund, and the Blackstone-backed private fund, Hipgnosis Songs Capital
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From the United States’ $15bn revenue to Downtown’s $200m indie artist fund: It’s MBW’s Weekly Round-Up
The biggest stories from the past week – and why they matter
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Nat King Cole’s family inks pact with Iconic Artists Group to ‘manage, preserve and expand his musical legacy’
Deal encompasses a broad range of rights from Cole’s career
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Now SoundExchange pulls out of Russia
SoundExchange is also making a donation to the World Central Kitchen
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Stephen White joins EMPIRE as Chief Product Officer
White will oversee all data and technology at the company
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