Warner Music Group has confirmed that it’s set to go public on the Nasdaq stock exchange this morning in New York, floating 77 million shares of Class A common stock. Those 77m shares will be available at an initial public offering price of $25.0…
Author archives: Tim Ingham
Warner Music Group and Len Blavatnik pledge $100m fund for anti-racist and music industry causes
“This fund will support the extraordinary, dedicated organizations that are on the front lines of the fight against racism and injustice, and that help those in need across the music industry.”
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Sony/ATV’s Jon Platt: ‘A Change Must Come.’
Jon Platt, leader of the world’s biggest music publisher, Sony/ATV, has spoken out on the topic of racial injustice, amid a wave of civil unrest taking place across the United States. Platt is the first ever Black executive to run a multi-nationa…
Music business set for ‘Black Out Tuesday’ to ‘provoke accountability’ in wake of George Floyd death
Universal, Sony and Warner labels will all cease business activity on Tuesday
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Tencent to buy Warner Music Group stake for $200m?
Wall Street Journal suggests Chinese company is a potential institutional investor in WMG
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TikTok makes a statement in New York, as Bytedance inks 10-year deal for 232k square foot office in Times Square
One Five One is already home to the global HQ of Nasdaq Inc
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Apple Music is dominating streams for US hip-hop releases (even more than you might think)
Ebro Darden says “we’ve tried our best to align with the artist’s creative agenda”
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Guy Oseary steps down from role at Live Nation’s Maverick
Michael Rapino: “Guy built an incredible team at Maverick and his work with U2 and Madonna is unmatched.”
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Streaming fallout in India: Tencent-backed Gaana refuses to pay record label Tips ‘high royalties’ – so Tips pulls its catalog
There’s been a big fallout between a top record label and a major streaming service in India. Spotify rival Gaana, which is part-owned by Tencent, says its Monthly Active User (MAU) count topped 150m at the close of 2019, up by over 50m on the 10…
Stat Of The Week: TikTok owner Bytedance generated over $17bn in 2019 – more than YouTube made from ads
Bytedance generated around $47m every day last year. Should Alphabet be worried?
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