News and Trends

K-pop company's latest quarterly report was published on Wednesday, August 5 Source source https://www.musicbusinessworldwide.com/sm-entertainment-revenues-rose-15-4-yoy-to-233m-in-q2-driven-by-concerts-and-merch/

ASOBISYSTEM calls the launch its biggest spending yet in North America, and a permanent base for J-pop acts it has been sending on tour across the US. Source source https://www.musicbusinessworldwide.com/j-pop-powerhouse-asobisystem-opens-first-us-headquarters-in-california/

The collaboration makes ArtyShield's technology available inside the Client Offerings section of SymphonicMS, the distribution company's management platform. Source source https://www.musicbusinessworldwide.com/symphonic-partners-with-artyshield-to-give-artists-tools-that-protect-their-music-and-voices-from-unauthorized-ai-use/

The Sphere segment, which runs the Las Vegas venue, generated revenues of $226.4 million, up $50.8 million, or 29%, year-over-year. Source source https://www.musicbusinessworldwide.com/las-vegas-sphere-drove-sphere-entertainments-q2-revenues-up-11-to-314m-operating-loss-ballooned-22/

Per MBW's calculations, UMG artists could be in line for approximately $131 million of the money. Source source https://www.musicbusinessworldwide.com/universal-has-sold-a-chunk-of-spotify-stock-for-around-467m-artists-will-likely-be-paid-over-100m-of-it/

Spotify's total Monthly Active Users, which combine paying users and ad-supported users, reached 777 million Source source https://www.musicbusinessworldwide.com/spotify-hits-300-million-premium-subscribers-in-q2-202/