UMG published its financial results for the three months to end of September 2022
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Author archives: Music Business Worldwide
Global songwriter royalty collections topped $10bn in 2021, but were still below pre-pandemic levels
CISAC has published its Global Collections Report 2021
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Shamrock, the investment firm that bought Taylor Swift’s masters, sells minority stake
Los Angeles-based Shamrock sells ‘passive minority equity interest’ in its firm.
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HODL the Line: The future of Web3 in the music industry
Gregor Pryor, Head of Entertainment & Media at law firm Reed Smith, explores the future of Web3 investment in the music industry
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Ingrooves wins third patent, for AI tech to predict TikTok trends that can translate into upticks in streams
Tech claimed to detect opportunities from UGC content trends across TikTok, YouTube Shorts, and Instagram Reels
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Shawnae Corbett-Rice promoted to SVP Of Marketing for Warner Records
Exec has worked closely with artists such as Saweetie, Chika, Wale, NLE Choppa, Baby Tate, Andra Day, and more
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YouTube’s Q3 ad revenue slides 1.9% YoY amid ‘shift in user behavior’
YouTube ad revenue in Q3 came in at $7.07 billion
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Spotify mulls price hike in US following Apple, YouTube’s lead
‘When our competitors are increasing their prices, that’s really good for us,’ said CEO Daniel Ek on SPOT earnings call
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Spotify added 7m premium subscribers in Q3 – and has added 15m in 2022 to date
Spotify now expects to top 200 million subscribers by the end of 2022
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$200m SPAC, The Music Acquisition Corp, files to liquidate early and delist shares from NYSE
Neil Jacobson’s SPAC cites multiple reasons for delisting request
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