News and Trends

Agreement comprises a $1.295B term loan, the proceeds of which will be used to pay off WMG's existing term loan debt and related fees, and a $350M revolving credit facility Source source https://www.musicbusinessworldwide.com/warner-music-group-signs-new-1-645bn-credit-agreement-with-jpmorgan-refinancing-existing-debt/

The civil trial between Chancelor Bennett (Chance the Rapper) and his former manager Patrick Corcoran is now well underway in the Circuit Court of Cook County, Illinois — a case MBW has been covering since 2020. At the heart of the dispute is an oral agreement that Corcoran says he struck with Bennett in 2013, … Continued Source source https://www.musicbusinessworldwide.com/chance-the-rapper-vs-pat-the-manager-trial-seven-revelations-from-the-first-week-of-testimony/

The companies are also rolling out 'Listening Party,’ allowing fans to hear songs from an artist in real time and interact with each other. Source source https://www.musicbusinessworldwide.com/apple-music-lands-exclusive-tiktok-partnership-to-bring-full-song-streaming-into-social-app/

The former Sony Music India and ByteDance veteran will exit on April 30. Source source https://www.musicbusinessworldwide.com/hari-nair-to-exit-as-ceo-of-indias-tips-music/

The renewed agreement keeps WCM as the global representative for Stromae's catalog. Source source https://www.musicbusinessworldwide.com/stromaes-mosaert-label-renews-global-deal-with-warner-chappell-music/

TikTok will implement "security gateways and privacy-enhancing technologies" in Canada under the new terms. Source source https://www.musicbusinessworldwide.com/tiktok-avoids-shutdown-in-canada-after-security-review/