News and Trends

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/

The following MBW op/ed comes from Mag Rodriguez, Founder/CEO of EVEN. Source source https://www.musicbusinessworldwide.com/?p=264595

Spotify has signed a licensing agreement with Merlin, the digital licensing partner for independent labels and distributors, for its upcoming fan-made covers and remixing tool. The tool will let fans create covers and remixes of songs from participating Merlin members’ artists and songwriters. It will launch as a paid add-on for Spotify Premium users, and … Continued Source source https://www.musicbusinessworldwide.com/merlin-signs-spotify-licensing-deal-for-ai-powered-fan-made-covers-and-remixes/

BMG has published Stockdale globally since 2016, and the acquisition adds his recorded music royalties and neighboring rights to that relationship. Source source https://www.musicbusinessworldwide.com/bmg-acquires-wolfmother-frontman-andrew-stockdales-publishing-and-recorded-rights/