Concord buys majority stake in pop publisher Pulse in $100m+ deal

“This collaboration instantly makes Concord a leader in the frontline pop, hip-hop and R&B publishing world.”
The post Concord buys majority stake in pop publisher Pulse in $100m+ deal appeared first on Music Business Worldwide.

First Access lawyers warn that Lil Peep lawsuit could leave music companies as ‘full-time babysitters for artists’

FAE argues it only agreed to an “arm’s length” business arrangement with late rapper
The post First Access lawyers warn that Lil Peep lawsuit could leave music companies as ‘full-time babysitters for artists’ appeared first on Music Busines…

UK record industry grew by over $100m last year – but is streaming starting to run out of steam?

Another big gain for key market – but first signs of a slowdown are on the cards
The post UK record industry grew by over $100m last year – but is streaming starting to run out of steam? appeared first on Music Business Worldwide.

Sir Lucian Grainge: After Tencent deal ‘our strategic vision remains the same’

“This is an exciting development reflecting a strong validation of our business strategy, our incredible team and your excellent work.”
The post Sir Lucian Grainge: After Tencent deal ‘our strategic vision remains the same’ appeared first …

Official: Universal Music Group to sell 10% stake, worth over $3bn, to Tencent-led Consortium

“Tencent and the Consortium members are excited to support UMG’s growth through this investment.”
The post Official: Universal Music Group to sell 10% stake, worth over $3bn, to Tencent-led Consortium appeared first on Music Business Worldwide.

Concord COO Glen Barros exits company after 25 years, launches new venture

Exceleration Music will buy Candid Records and launch in the new year
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Instrumental achieves second UK Christmas No.1 in a row, via artist services arm frtyfve

LadBaby single beats the likes of Stormzy and Lewis Capaldi to the top spot
The post Instrumental achieves second UK Christmas No.1 in a row, via artist services arm frtyfve appeared first on Music Business Worldwide.

Tencent-backed Gaana says its monthly user count has now surpassed 125m people

Company is adding over 3m active users every month
The post Tencent-backed Gaana says its monthly user count has now surpassed 125m people appeared first on Music Business Worldwide.

Tencent’s Universal bid needed rescuing – but might now go as high as 30% (report)

Tencent’s bid for 10-20% of Universal nearly fell through, but now it probably looks back on track
The post Tencent’s Universal bid needed rescuing – but might now go as high as 30% (report) appeared first on Music Business Worldwide.

Having turned over $27m in 2018, Epidemic Sound is roasted by songwriter group for buy-out deals

Epidemic responds by suggesting traditional industry is bothered by its “disruptive” model
The post Having turned over $27m in 2018, Epidemic Sound is roasted by songwriter group for buy-out deals appeared first on Music Business Worldwide.