Press Release Category: Music

The practice of music venues taking a cut of merch profits at live shows has been a matter of contention amongst touring acts for a long time.Now, concert giant Live Nation [484 articles]” href=”https://www.musicbusinessworldwide.com/companies/live-nation/”>Live Nation has announced that its US clubs will stop taking a percentage of artists’ merch stand sales, “so artists keep 100%

Welcome to  Music Business Worldwide [292 articles]” href=”https://www.musicbusinessworldwide.com/companies/music-business-worldwide-2/”>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.Some more of ’em

There’s a lot of buzz around classic movie scores right now – as rumors swirl that Warner Records [380 articles]” href=”https://www.musicbusinessworldwide.com/companies/access-industries/warner-music-group/warner-records/”>Warner Bros Discovery is close to agreeing a $500m-ish deal to sell around 50% of its treasured music catalog. Sony [1,773 articles]” href=”https://www.musicbusinessworldwide.com/companies/sony/”>Sony is reported to be the front-runner to buy.But that’s not the only

The global digital advertising slowdown that took hold in 2022 continued to be a drag on YouTube [1,502 articles]” href=”https://www.musicbusinessworldwide.com/companies/youtube/”>YouTube’s ad revenue in Q1 2023 (ended March 31).However, YouTube parent company Alphabet saw significant growth in subscribers in the period – including for its music streaming service, YouTube Music [202 articles]” href=”https://www.musicbusinessworldwide.com/companies/youtube/youtube-music/”>YouTube Music.In its latest

Is trouble brewing at Utopia?Today (March 30), MBW broke the news that the company had sold music publishing platform Sentric Music Group [67 articles]” href=”https://www.musicbusinessworldwide.com/companies/sentric-music-group/”>Sentric to Believe [286 articles]” href=”https://www.musicbusinessworldwide.com/companies/believe/”>Believe – just one year after Sentric was itself acquired by Utopia.The sale of Sentric marks the second time this year that Utopia has offloaded a

It’s official: The Copyright Royalty Board (CRB) has accepted a (near) music industry-wide settlement that will improve songwriters’ streaming royalty rates in the United States from January 1, 2023.The settlement – known as ‘Phonorecords IV’ or ‘CRB IV’ – will see songwriters and music publishers paid a headline rate of 15.35% of a given interactive