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6 days ago | 
musicbusinessworldwide.com | Mandy Dalugdug
Range Music has launched a dedicated composer division for film and television music, hiring former Kraft-Engel Management executive Jeff Jernigan to lead the department. In his new role, Jernigan will work closely with Range Music’s Vice President of Creative Sync and Strategy, Leah Cook, and represent music-for-media composers, songwriters, music supervisors, and executive music producers.
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1 week ago | 
musicbusinessworldwide.com | Mandy Dalugdug
Music and entertainment law firm Boyarski Fritz LLP has promoted Alex Stolls to Partner. Stolls represents clients including Will Smith, Lil Kim, BLACKPINK‘s JISOO, producers Louis Bell, Cirkut, Stargate, Hit-Boy, Tainy and Federico Vindver, and the estate of Earth Wind & Fire‘s Maurice White.
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1 week ago | 
musicbusinessworldwide.com | Mandy Dalugdug
AI music generator Suno, the $500 million company facing copyright lawsuits from GEMA and major record companies, has rolled out its version 4.5 update, introducing significant improvements. The upgraded features include improvements to vocal quality and doubling maximum song length, Suno said in a recent blog post.
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1 week ago | 
musicbusinessworldwide.com | Mandy Dalugdug
Affiliates of private equity firm Technology Crossover Ventures (TCV) sold nearly 300,000 shares of Spotify on Tuesday (May 6), with a combined market value of about $189.6 million. The sales were disclosed in five separate Form 144 filings with the US Securities and Exchange Commission on Tuesday, as spotted by MBW. TCV is an early investor in Spotify, reportedly backing the entirety of the company’s $250 million funding round in 2013. That raise valued Spotify at above $4 billion.
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1 week ago | 
musicbusinessworldwide.com | Mandy Dalugdug
Samsung Electronics subsidiary Harman International has agreed to acquire the Sound United consumer audio business of US health technology and consumer electronics firm Masimo Corporation for $350 million in cash. The deal further expands Harman’s audio portfolio after previously acquiring Roon, a music management, discovery, and streaming platform, in 2023. Harman’s portfolio of brands in the audio industry include AKG, Bang & Olufsen, Harman Kardon, Infinity Audio and JBL.
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1 week ago | 
musicbusinessworldwide.com | Mandy Dalugdug
South Korean entertainment giant SM Entertainment Group reported a 5.2% YoY jump in group revenue for the first quarter of 2025, driven by increased music and concert revenue. The agency, home to K-pop acts such as NCT 127, EXO, RIIZE, and aespa, booked KRW 231.4 billion (approx. USD $165.7 million at the average exchange rate for the quarter) in Q1 group revenue, up from KRW 220.1 million ($157.5m)a year earlier, according to its quarterly report published Wednesday (May 7).
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1 week ago | 
musicbusinessworldwide.com | Mandy Dalugdug
Spotify CEO Daniel Ek sold another $28.8 million worth of company shares last week, continuing a divestment pattern that has now generated around $807.9 million in proceeds since mid-2023. The executive offloaded 50,000 shares on Wednesday (April 30) at Tuesday’s closing price of $576.94 per share, according to an SEC filing spotted by MBW. The transaction marks Ek’s ninth stock sale this year and his 19th since initiating the selling streak in July 2023.
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1 week ago | 
musicbusinessworldwide.com | Mandy Dalugdug
Create Music Group has acquired again. The company has swooped for independent electronic music label Monstercat and, as part of the deal, said it has committed to investing an additional $50 million over the next two years in artist development, advances, and platform support across Monstercat’s roster, “to accelerate both new signings and long-term career growth”. Monstercat has staff based in Vancouver, Toronto and Los Angeles.
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1 week ago | 
musicbusinessworldwide.com | Mandy Dalugdug
Capitol Music Group has appointed Sara Nix and Joe Mortimer as Co-Heads of Creative. The duo will be based at the Capitol Tower in Hollywood, the Universal Music Group-owned label said Tuesday (May 6). Nix joins Capitol after six years as Executive Producer at Partizan, the production company founded by director Michel Gondry.
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1 week ago | 
musicbusinessworldwide.com | Mandy Dalugdug
YouTube has quietly rolled out a pilot program that allows two people to share a Premium subscription plan. The streaming giant is testing the waters in India, France, Taiwan, and Hong Kong. YouTube confirmed to Moneycontrol that it is testing a new “two-person” subscription tier targeting couples, roommates, or any two individuals in a single household.
