Press Release Category: Music

Sir Lucian Grainge on the dilution of the majors’ music on streaming platforms, TikTok’s future and more

Speaking to analysts on Universal Music Group [2,873 articles]”>Universal Music Group‘s earnings call last week, UMG Chairman and CEO Sir Lucian Grainge [463 articles]”>Sir Lucian Grainge pointed out that the publicly-traded firm achieved a significant milestone in Q3.The three months to end of September, noted Grainge, marked UMG’s “fifth consecutive quarter of strong growth as

Triller secures $310 million investment ahead of planned Q4 IPO

Much of the global economy is in disarray and major entertainment industries are having a tough time of things: Witness the US movie Box Office, where monthly September revenue is set to fall to its lowest point in 25 years (outside the pandemic).In the music industry, however, the big money keeps on moving.Earlier this week

Singing Sensation, Cyrilia Lopez to Sing Her Stunning Rendition of The National Anthem at Dodger Game on September 21, 2022

FOR IMMEDIATE RELEASE Juliette Harris, PR at SwaggMedia (818) 321-2317 [email protected] Singing Sensation, Cyrilia to Sing Her Stunning Rendition of The National Anthem at Dodger Game on September 21, 2022 Cyrilia Prepares To Release More Singles After Success with George Floyd Foundation 09/20/2022 – Break-out songstress Cyrilia Lopez hails from Trinidad and Tobago and recently burst on America’s music scene, signed with SwaggMedia and Craig Nobles. While meeting and working with top producers, labels, and A&R’s, Cyrilia was asked to participate

Phonorecords IV: Music publishers react to US streaming royalty rate rise

Yesterday (August 31) brought triumphant news for songwriters and publishers in the US.The National Music Publishers’ Association (NMPA), the Nashville Songwriters Association International (NSAI), and the trade org for digital music services in the US (DiMA), agreed to a settlement for higher mechanical streaming royalty rates in the U.S. ahead of Copyright Royalty Board proceedings

Matt Gralen named Chief Financial Officer at Beatport

Beatport [50 articles]”>Beatport, an online retailer and subscription streaming service that specializes in electronic music, has appointed Matt Gralen to the position of Chief Financial Officer.Gralen will be based in London, UK.Gralen most recently served as EVP of Corporate Development at UnitedMasters, a distribution platform for independent artists.Prior to joining UnitedMasters, Gralen served as VP

‘A decade in music is a millennium in other industries.’

In some ways, Downtown Music Services is a very different company than it was in the first half of last year.That’s because its parent company, Downtown Holdings, sold the entirety of its owned copyrights to Concord [219 articles]”>Concord for around $400 million in April 2021.Yet in another sense, Downtown Music Services hasn’t changed one bit;

TikTok rival Triller files to go public on Nasdaq via ‘the largest creator IPO in history’

It’s been a while since we reported anything about Triller [58 articles]”>Triller going public. But a lot’s been going on.In December, Triller announced that it (via Triller Hold Co LLC) planned to float by merging with US entity SeaChange, a publicly-traded company focused on digital advertising.The resultant company from that merger – ‘TrillerVerz Corp’ – was

Audiomack expands licensing agreement deal with Universal Music Group, covering Africa, the UK and Canada

Streaming and discovery platform Audiomack has inked a licensing agreement with Universal Music Group [2,733 articles]”>Universal Music Group (UMG).The deal makes UMG content available to Audiomack subscribers in countries across the African continent, the UK and Canada.The agreement between the two companies expands on a previous licensing agreement between Audiomack and UMG for the US.With

From Goldman Sachs’ multi-billion dollar forecast to BTS’ hiatus: It’s MBW’s Weekly Round-Up

Welcome to  Music Business Worldwide [182 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. Goldman Sachs [136 articles]”>Goldman…

Primary Wave Music acquires catalog of ‘Danger Zone’ co-writer Tom Whitlock

Primary Wave [148 articles]”>Primary Wave Music has acquired the music publishing catalog of Academy Award-winning songwriter Tom Whitlock.The “multi-million-dollar” deal, says Primary Wave, brings all of Whitlock’s music publishing interests to the publishing company.Included in the deal, according to Primary Wave, are earnings from the Top Gun hit Danger Zone, which also features in 2022’s…