News and Trends

Participating stores will collect the records for recovery partner Virterras Materials to assess for potential material recycling. Source source https://www.musicbusinessworldwide.com/warner-music-launches-pilot-with-indie-record-stores-to-test-whether-fans-unwanted-vinyl-can-be-recycled/

According to RadioInsight, nationwide station budget cuts began Tuesday and rolled out through the week. Source source https://www.musicbusinessworldwide.com/iheartmedia-cuts-radio-jobs-across-us-markets-as-it-targets-50m-in-annual-cost-savings-report/

Michele Page previously held vice president roles at Peloton Interactive and Nielsen. Source source https://www.musicbusinessworldwide.com/michele-page-appointed-general-counsel-at-soundexchange/

The Nashville-based REIT said it had engaged Morgan Stanley to evaluate its options after receiving inbound interest from "a range of organizations." Source source https://www.musicbusinessworldwide.com/ryman-hospitality-confirms-it-is-exploring-options-for-grand-ole-opry-owner-opry-entertainment-group/

It's the third time in a decade that Anthem has been put up for sale after earlier auctions in 2017 and 2022 failed to draw a high enough bid. Source source https://www.musicbusinessworldwide.com/influence-media-emerges-as-winning-bidder-for-anthems-music-assets-with-650m-offer-report/

The Queen of Pop told Interview magazine that the project collapsed after a falling-out with Universal Pictures over its budget. Source source https://www.musicbusinessworldwide.com/as-michael-jackson-movie-nears-1b-madonna-says-her-biopic-has-been-scrapped/