Music Business Worldwide

The entertainment industry today operates on a global scale. By focusing too much on local markets, the music sector may be jeopardizing its future growth. Music Business Worldwide (MBW) serves as a comprehensive news and analysis platform that is accessible for free, specifically tailored for the global music industry. From the massive markets of the US, UK, and EU to the emerging influence of Asia-Pacific, Russia, and Latin America, as well as the streaming-focused Nordics, MBW equips artists, managers, and rights-holders in the music sector with the knowledge they need to pursue their international goals.

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Confirmed: Bruno Crolot joins Believe as President, Label & Artist Solutions (LAS)

3 days ago | musicbusinessworldwide.com | Daniel Tencer

Spotify’s Senior Director, Head of International Music, Bruno Crolot has confirmed he’s leaving the streaming company for a role at Believe. In a LinkedIn post on Tuesday (June 3), Crolot said he will be taking up the role of President, Label & Artist Solutions (LAS) at the France-headquartered music company. MBW first reported on Crolot’s imminent departure from Spotify last month, though at that time it was unclear what role he would be taking up at Believe.
UAE grants Music Nation approval to operate a CMO as country aims to become creative industry hub

3 days ago | musicbusinessworldwide.com | Daniel Tencer

The United Arab Emirates government has given the green light to rights management company Music Nation to operate a collective management organization (CMO) in the country. Music Nation says the move will deliver “a vital new source of revenue for music rights holders”. The UAE’s Ministry of the Economy issued Music Nation formal approval to license, collect and distribute royalties from public performance, mechanical and neighboring rights, Music Nation said in a statement on Tuesday (June 3).
VNYL acquires Vinyl Me Please, announces relaunch of troubled record subscription service

3 days ago | musicbusinessworldwide.com | Daniel Tencer

Direct-to-consumer music company VNYL has announced it has acquired Vinyl Me, Please (VMP), the subscription vinyl record service that news reports indicated entered liquidation earlier this year. The new iteration of VMP will be headed up by Nick Alt, founder of VNYL, who will serve as CEO, and Emily Muhoberac, President of VNYL who will serve as President and COO at VMP.
Meta sued for alleged ‘rampant infringement’ of Eminem songs on Facebook, Instagram

4 days ago | musicbusinessworldwide.com | Daniel Tencer

Eight Mile Style, co-publisher of hundreds of Eminem songs, recently lost a long-running copyright infringement lawsuit against Spotify. Now, the company is setting its sights on another tech giant: Meta Platforms, owner of Facebook, Instagram and WhatsApp.
Music publishing brings in $11.1bn annually across 16 major markets, first-ever ICMP survey finds

4 days ago | musicbusinessworldwide.com | Daniel Tencer

The International Confederation of Music Publishers (ICMP) has released its first-ever analysis of global music publishing, surveying 16 major music markets. The headline finding? Music publishing brings in a little over $11 billion annually in those markets. The number includes publishers’ direct revenue, plus distributions to publishers and songwriters from collective management organizations (CMOs).
‘A&R is based on three things: trust, relationship and accountability.’

4 days ago | musicbusinessworldwide.com | Rhian Jones

MBW’s Inspiring Women series profiles female executives who have risen through the ranks of the business, highlighting their career journey – from their professional breakthrough to the senior responsibilities they now fulfill. Inspiring Women is supported by Virgin Music Group. Amanda Hill got every teenage rock music fan’s dream job when landing an internship aged 19 at what was then called Warner Bros. Records, straight out of school, during the famed Tom Whalley era.
Taylor Swift buys back master rights to first six albums from Shamrock Capital

1 week ago | musicbusinessworldwide.com | Murray Stassen

Taylor Swift has successfully acquired the master recordings of her first six studio albums from investment firm Shamrock Capital. The deal brings to a close one of the music industry’s most high-profile ownership disputes. Swift confirmed the news on her own website on Friday (May 30) in a handwritten letter to her fans.
HYBE HQ raided by South Korean authorities amid insider trading investigation

1 week ago | musicbusinessworldwide.com | Murray Stassen

It’s been a busy news week for HYBE, the entertainment giant behind K-pop stars like BTS and ENHYPEN. The most recent news to hit headlines around the world is that the company’s offices in Seoul were raided by South Korean authorities on Thursday (May 29). Citing “judicial sources”, the Korea Times reports that the company’s headquarters were searched as part of an investigation into alleged insider trading by a former executive.
HYBE launches subsidiary in China, as K-Pop powerhouse’s global expansion continues

1 week ago | musicbusinessworldwide.com | Murray Stassen

HYBE has officially launched its first office in China, the world’s fifth-largest recorded music market. A HYBE spokesperson has confirmed that the South Korea-born entertainment giant set up an office in Beijing last month. Yonhap reports that the dedicated subsidiary in China is aimed at helping the company’s artists expand into the market. HYBE is behind superstar acts including BTS, ENHYPEN, Seventeen, and others.
Round Hill Music, with $1.1bn music portfolio, strikes flurry of catalog acquisitions

1 week ago | musicbusinessworldwide.com | Murray Stassen

Round Hill Music has acquired several catalogs. The collection of acquisitions encompasses the publishing catalogs of songwriters Terry Shaddick, Linus Eklow and Carmine Appice, as well as publishing assets of the band Dirty Heads and a selection of Al Stewart’s master rights.