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MOBO Awards founder Kanya King dies at 57

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Kanya King, the widely respected music executive, founder of the MOBO Awards, and champion of Black British music, has died at the age of 57. King passed away on Wednesday (June 3) after “a courageous and characteristically determined battle with colon cancer,” the MOBO Organisation said in a statement today (June 5). King was surrounded … Continued Source source https://www.musicbusinessworldwide.com/mobo-awards-founder-kanya-king-dies-at-57/
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Björn Ulvaeus on AI: ‘Human creativity is not just expression. It is testimony. A life lived.’

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CISAC President Björn Ulvaeus delivered a speech at the org's General Assembly in Paris on Thursday (June 4), covering AI, copyright, licensing, Suno and more Source source https://www.musicbusinessworldwide.com/abba-bjorn-ulvaeus-on-ai-human-creativity-is-not-just-expression-it-is-testimony-a-life-lived/
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UMG spends $290m buying back stock from Bill Ackman’s Pershing Square, amid fund’s exit from music company

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UMG repurchased 14,156,285 of its ordinary shares at €17.66 each after its board recently rejected a takeover proposal from Ackman and Pershing Square. Source source https://www.musicbusinessworldwide.com/umg-spends-290m-buying-back-stock-from-bill-ackmans-pershing-square-amid-funds-exit-from-music-company/
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The music industry doesn’t have a streaming problem. It has a customer ownership problem.

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The following MBW op/ed comes from Deviate Digital founder Sammy Andrews... Source source https://www.musicbusinessworldwide.com/the-music-industry-doesnt-have-a-streaming-problem-it-has-a-customer-ownership-problem/
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GoDigital Music launches Nashville country imprint Orinda under General Manager Cooper Lycan

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Orinda signs Nic D as its first artist Source source https://www.musicbusinessworldwide.com/godigital-music-launches-nashville-country-imprint-orinda-under-general-manager-cooper-lycan/
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Suno raises over $400 million, pushing valuation to $5.4 billion

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The round was led by Bond Capital, alongside IVP, Forerunner, Union Square Ventures, Alkeon, and Quiet Source source https://www.musicbusinessworldwide.com/suno-raises-over-400-million-pushing-valuation-to-5-4-billion/
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Jean-Sebastien Permal joins Warner Music as SVP of A&R, EMEA and Central Europe

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He will lead all domestic frontline activity across Warner Music Central Europe and its domestic labels in Germany, Switzerland, Austria, the Netherlands and Belgium. Source source https://www.musicbusinessworldwide.com/jean-sebastien-permal-joins-warner-music-as-svp-of-ar-emea-and-central-europe/
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