Category archives: Music industry

What Rights Should Artists Demand? Artist ‘Bill of Rights’ Proposed by Artist Rights Alliance

The Artist Rights Alliance (ARA) has introduced an “Artists’ Bill of Rights” outlining its stance on several important music-industry topics, in addition to forming a 93-artist Music Council to offer insight and policy recommendations moving forward. A…

Despite Blackface Videos, Sirius XM Moves to Renew Howard Stern’s Contract

Despite the resurfacing of multiple videos of Howard Stern appearing in blackface while using the n-word, Sirius XM’s CEO has expressed strong interest in renewing its contract with the radio veteran. Despite considerable outrage over a resurface…

Moments After Its IPO, Warner Music Group Offers $535 Million In Senior Secured Notes

Having returned to Wall Street – and generated almost $2.5 billion – earlier this month, Warner Music Group (WMG) is moving forward with plans to issue $535 million worth of senior secured notes. Warner Music Group announced the substantial capital-rai…

UMG’s Global Expansion Continues — Offices Opening In Tel Aviv, Casablanca

As part of its ongoing quest to develop a presence in quickly emerging markets, Universal Music Group (UMG) has opened new offices in Casablanca, Morocco, and Tel Aviv, Israel. Universal Music Group officials announced the expansions in a press release…

Looks Like Tencent Owns a Bigger Chunk of Warner Music Than We Thought

According to a new Securities and Exchange Commission (SEC) filing, Chinese conglomerate Tencent has purchased a larger stake in Warner Music Group (WMG) than previously believed – to the tune of eight million Class A shares. Late last week, reports em…

Jay Sean Kicks Off New Comedic Podcast Series, ‘Basement Banter’

In partnership with The Heavy Group and podcast-management company Kast Media, artist and producer Jay Sean is set to release a comedic podcast entitled Basement Banter. Jay Sean and his team disclosed Basement Banter’s details exclusively to Digital M…

Latest Industry Gigs: Pulse, Tuned Global, Apple Music, Sony Music, More…

Here’s a recap of recent executive shuffles — including both hirings and in-house promotions — from across the music industry. If you have a job listing to share, we’re all ears. Send us a note to news@digitalmusicnews.com. If you’d like to post a job …

Tencent Music Acquires 5% of Warner Music Group Class A Shares — $100MM+ Investment

Tencent Music, a subsidiary of Chinese conglomerate Tencent, has acquired approximately 5.2 percent of Warner Music Group’s Class A shares. Tencent Music’s substantial investment was revealed in a Securities and Exchange Commission (SEC) filing, which …

Norwegian PRO Warns of COVID-19 Revenue Hit Ahead

Norwegian performance rights organization (PRO) TONO revealed all-time-high earnings in its latest financial report, but warned that a coronavirus-fueled revenue hit is imminent. The PRO recently published the mentioned report, which highlighted 2019’s…