Major Labels

QUICK HITS: New IFPI CEO • WCM + EA • Believe + Kidding Aside • King Street Sounds is back!

IFPI, the recording industry’s worldwide trade group, has named Victoria Oakley its new CEO. Oakley will join IFPI in June from Portland, the global strategic communications and advocacy consultancy, where she is currently CEO…..

Bruce Houghton on 04/15/2024 in Indie Music | Permalink | Comments (0)
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Warner Music will not bid to acquire Believe [full statements from both companies]

Warner Music Group announced on Saturday that it would not bid for independent music conglomerate Believe. No specific reason was given for the shift, but WMG was granted access to Believe financial data to guide their bid two weeks ago…..

Bruce Houghton on 04/08/2024 in Indie Music | Permalink | Comments (0)
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Infamous Record Store Crawl returns for a 7-City Comeback Tour

Music lovers, record enthusiasts, and audiophiles are checking their collections and ironing their CBGB t-shirts in anticipation of the upcoming Record Store Crawl tour, making a comeback after a four-year pandemic-induced hiatus…..

Bruce Houghton on 04/04/2024 in Indie Music | Permalink | Comments (0)
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Beyoncés Cowboy Carter breaks Spotify and Amazon one-day records

Move over Taylor Swift. On Friday, Beyoncé’s COWBOY CARTER became Spotify’s most-streamed album in a single day in 2024…..

Bruce Houghton on 04/01/2024 in Major Labels | Permalink | Comments (0)
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Artist’s Pandora SoundExchange payments now go directly to UMG

Since SoundExchange’s inception in 2003, 50% of song royalties from Pandora have been paid directly to artists after the digital PRO takes a 4.6% administrative fee…..

Bruce Houghton on 03/19/2024 in Major Labels | Permalink | Comments (0)
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Global recorded music revenue jumps 9.8% after years of slow growth [MiDiA]

The music market has doubled in size since 2015, and it continues to grow. But who is getting all this money? A new MIDiA report digs deep for answers…..

Alana Bonilla on 03/19/2024 in Indie Music | Permalink | Comments (0)
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Fighting Streaming Fraud at the Distributor Level [Symphonic’s Jorge Brea]

Fraudsters “redirect royalties away from rights holders and artists and into their own pockets to the tune of millions per year,” writes Jorge Brea, the CEO of Symphonic Distribution, but there is a solution…..

Alana Bonilla on 03/13/2024 in Indie Music | Permalink | Comments (0)
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Indies are ‘gravely concerned’ by WMG’s bid for Believe and TuneCore

A top independent music trade group is expressing concern over Warner Music Group’s aggressive bid to acquire independent music conglomerate Believe…..

Bruce Houghton on 03/08/2024 in Indie Music | Permalink | Comments (0)
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New Liam Gallagher and John Squire LP is world’s first vinyl EcoRecord

The new Liam Gallagher and John Squire joint album has been released by WMG as its first sustainable EcoRecord…..

Bruce Houghton on 03/06/2024 in Major Labels | Permalink | Comments (0)
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UMG Publishing and TikTok send dueling messages to Songwriters [Full Text]

With thousands of songs by major and independent artists who are not signed to Universal for recording or publishing now muted in the battle between the music giant and TikTok, both sides stepped up to the bully pulpit with dueling messages to songwriters and the music industry this week…..

Bruce Houghton on 03/01/2024 in Major Labels | Permalink | Comments (0)
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