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HYBE’s Taeho Park on expanding the superfan market via ‘transmedia’ content – and why the firm’s NEB unit is its ‘future business frontier’

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MBW's World Leaders series meets Taeho Park, who leads the NEXT ENTERTAINMENT BUSINESS (NEB) and Data Strategy Center units at Korean entertainment giant HYBE, the home of BTS Source source https://www.musicbusinessworldwide.com/hybes-taeho-park-on-expanding-the-superfan-market-via-transmedia-content-and-why-the-firms-neb-unit-is-its-future-business-frontier/
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Spotify strikes Peloton partnership to launch fitness and wellness content for Premium subscribers

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Deal marks Spotify’s expansion into guided wellness experiences as Peloton pushes further into platform-agnostic distribution strategy. Source source https://www.musicbusinessworldwide.com/spotify-strikes-peloton-partnership-to-launch-fitness-and-wellness-content-for-premium-subscribers/
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Matt Spetzler’s Pipeline hires Jennifer Scher as CFO, Jason Munro as General Counsel and Jay Srivastav as Head of Data & Product

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New senior appointments come as music-focused financing platform builds out infrastructure across capital, legal and data functions Source source https://www.musicbusinessworldwide.com/matt-spetzlers-pipeline-hires-jennifer-scher-as-cfo-jason-munro-as-general-counsel-and-jay-srivastav-as-head-of-data-product/
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Indie label group Futures Music raises $6m as it sets sights on catalog deals

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Ben Blackburn, founder of Common Knowledge and manager of girl in red, is among the investors Source source https://www.musicbusinessworldwide.com/indie-label-group-futures-music-raises-6m-as-it-sets-sights-on-catalog-deals1/
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TikTok’s Add to Music App tool surpasses 6B track saves in the past year

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6 billion track saves translated to 'many, many billions more streams in repeat' on platforms like Spotify and Apple Music said TikTok Source source https://www.musicbusinessworldwide.com/tiktoks-add-to-music-app-tool-surpasses-6b-track-saves-in-the-past-year/
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From 75,000 AI tracks hitting Deezer daily to UMG’s copyright lawsuit against Quince… it’s MBW’s weekly round-up

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The biggest headlines from the past few days... Source source https://www.musicbusinessworldwide.com/from-75000-ai-tracks-hitting-deezer-daily-to-umgs-copyright-lawsuit-against-quince-its-mbws-weekly-round-up/
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Bang Si-hyuk: Police arrest bid rejected by Korean prosecutors (report)

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Yonhap News Agency reports today (April 24) that the Seoul Southern District Prosecutors' Office declined the warrant request Source source https://www.musicbusinessworldwide.com/bang-si-hyuk-police-arrest-bid-rejected-by-korean-prosecutors-report/
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