News and Trends

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/

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/

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/

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/

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/

Jorge Brea is CEO of Symphonic, one of the industry’s most successful independent distribution platforms, says the global music business must come together to enforce standardized policies around AI music… Source source https://www.musicbusinessworldwide.com/navigating-the-ai-music-deluge-a-call-for-responsible-streaming-practices/