Press Release Category: Music

Utopia acquires the UK’s Proper Music Group, launches Distribution Services unit

Switzerland-headquartered fintech company Utopia Music is expanding into physical and digital music distribution.The fast-growing firm has acquired UK-based distributor Proper Music Group.Utopia says that the new acquisition will help it to “supercharge their song economics and accelerate Royalty payouts for Creators”, as well as to digitise operations and processes within Proper Music Group’s services.Today’s news…

From BMG’s alliance with investment firm Pimco, to Sir Lucian Grainge’s 2022 message: It’s MBW’s Weekly Round-Up

Welcome to  Music Business Worldwide [157 articles]”>Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.Anyone following MBW’s coverage of…

Merlin inks multi-year deal with music licensing platform Lickd

Independent label agency Merlin [228 articles]”>Merlin has inked a multi-year deal with UK-born Lickd, a platform that lets video creators legally use copyrighted music and audio in their videos.The deal comes four months after Lickd secured £5.1 million (approximately $7m) in new funding, which included investment from both Warner Music Group [1,917 articles]”>Warner Music Group (WMG)…

Linda Walker promoted to SVP, Commercial, UK & Europe, at Warner Music UK

Linda Walker has been promoted to Senior Vice President, Commercial, UK & Europe, at Warner Music UK [120 articles]”>Warner Music UK.She began her new role in December, reporting directly to Tony Harlow [29 articles]”>Tony Harlow, CEO of Warner Music UK, and has joined the WMUK senior management team.In her new position, Walker heads up all…

Now John Legend sells: BMG and KKR buy catalog from All Of Me hitmaker

Music’s latest big catalog sale has been confirmed: US songwriter and performer, John Legend, has sold his songwriting catalog for an undisclosed fee to BMG [725 articles]”>BMG and KKR [54 articles]”>KKR.Interestingly, it appears that the Legend sale to KKR and BMG was finalized before the two companies jointly acquired a catalog from ZZ Top.In December,…

Symphonic Distribution raises $37m, having generated $12m in net revenue in 2021

Companies offering distribution and tech-led services to independent artists (and labels) are big business right now: witness DistroKid [41 articles]”>DistroKid‘s recent $1.3 billion valuation, or UnitedMasters’ recent $550 million valuation.One player in this space that has steadily carved out a solid global market for itself is Florida-headquartered Symphonic Distribution, which was launched in 2006 by…

‘My roots always lie in creating sounds and sonics from the ground up.’

It’s a trope nearly as old as award shows themselves.A child has big dreams of fame, neglects school work to focus on their passion – and their mom wonders if the day will ever come when their offspring will accompany them to the Grammy Awards.The chances of that Grammy moment actually happening to many are…

Confirmed: Warner paid $400m in cash to acquire 300 Entertainment

There’s been a modicum of debate out there this week over how much money Warner Music Group [1,906 articles]”>Warner Music Group paid to acquire Kevin Liles’ 300 Entertainment [54 articles]”>300 Entertainment.Some MBW sources close to the deal suggested the buyout, announced Thursday (December 16), cost Warner approximately $400 million; others suggested the final price was…

George Michael estate renews global deal with Warner Chappell Music UK

Warner Chappell Music [516 articles]”>Warner Chappell Music UK has renewed its global deal with the estate of singer-songwriter, George Michael.The deal – which continues a partnership stretching back over four decades – covers both George Michael’s solo work, and the songs he wrote whilst a member of Wham!Over the course of his career, George Michael…

Michelle Jubelirer named Chair & CEO of Capitol Music Group

Michelle Jubelirer has been promoted to Chair and CEO of Capitol Music Group [355 articles]”>Capitol Music Group (CMG).The announcement was made today by Universal Music Group [2,505 articles]”>Universal Music Group (UMG) Chairman and CEO, Sir Lucian Grainge [406 articles]”>Sir Lucian Grainge, to whom Jubelirer reports.Jubelirer succeeds Jeff Vaughn, who according to Universal is “leaving CMG…

Australian music industry under review for ‘sexual harm, sexual harassment and systemic discrimination’

The Australian music industry is undergoing a six-month review by two consultants looking into incidences of “sexual harm, sexual harassment and systemic discrimination”.The National Music Industry Review is being led by two consultants, Alexandra Shehadie and Sam Turner, who will commence the initial stages of the investigation this month, and plan to complete their work…