Music Business Worldwide

Classical publisher Faber Music joins IMPEL

Classical music publisher Faber Music has joined IMPEL, the international collective licensing agency representing digital publishing rights. IMPEL is 100% owned and controlled by its members, which include independent publishers such as Bucks Music Group, Beggars Music, Reservoir Music, Kassner Music CTM, ABKCO and Truelove Music. Founded in 1965 as a sister company to book publisher …

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Cinq Music signs record label Rancho Humilde to global distribution deal

Los Angeles-based indie distributor and publisher Cinq Music has signed record label Rancho Humilde to a worldwide distribution deal. The announcement was made today (August 16) by Cinq co-founder and President Barry Daffurn. The deal with Rancho Humilde follows yesterday’s news that Cinq has raised $40m from parent company GoDigital Media Group in a Series …

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Bandzoogle to host artist sites for CD Baby’s HostBaby as service winds down

CD Baby’s HostBaby is partnering with music-oriented web hosting provider Bandzoogle. Bandzoogle will now host artist sites for HostBaby, as the web hosting service winds down. HostBaby users will keep the same domain, inbox, and other assets, as well as all hosting time purchased and all deals with CD Baby. As the transition occurs, HostBaby …

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Chance the Rapper hits 1 billion streams on SoundCloud

Chance the Rapper has become the first independent SoundCloud Premier creator to hit 1 billion streams on the platform. The artist was presented with a plaque to mark the milestone backstage at his Good Morning America Concert Series performance. The plaque was presented by SoundCloud’s Global Head of Artist Relations & Label Services, Lisa Ellis …

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This multi-billionaire media tycoon is pumping $500m into a new L.A-based music company. Why?

This multi-billionaire media tycoon is pumping $500m into a new L.A-based music company. Why?

Haim Saban has a well-trained antennae for making big money by spotting big opportunities in media. The Los Angeles-based mogul created kids’ TV phenomenon Mighty Morphin’ Power Rangers in the early nineties. The Power Rangers’ global success then evolved into Fox Family Channel, a large-scale JV between Saban and News Corp, which was itself sold to …

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Spotify veteran Will Hope exits to join YouTube as Head of Artist Marketing, EMEA

Spotify veteran Will Hope has left the music streaming company to join YouTube as Head of Artist Marketing, EMEA. The London-based executive started in the new role this month, according to his LinkedIn profile. Hope has worked at Spotify for nearly 10 years, initially joining the company as Senior Account Manager in 2010. He was …

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Liberty Media: We're 'absolutely' interested at looking into buying a stake in Universal Music Group

Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn

The three major music companies are collectively worth more than $85 billion – and they have Tencent to thank. MBW can publish that number with more certainty than we’ve been able to in some time, thanks to last week’s news that China’s Tencent Holdings Ltd. has made a bid to acquire 10%-20% of Universal Music …

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‘US regulation for songwriters is archaic – and it results in less fair outcomes.’

‘US regulation for songwriters is archaic – and it results in less fair outcomes.’

SESAC has a long history of advocating for songwriters and music publishers: it is, after all, the second oldest PRO in the United States. These days, there are some major differences between SESAC and its Stateside competition – not least the fact that it operates on a for-profit basis, while its two largest competitors, ASCAP …

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Influencer & celebrity merch marketplace Represent acquires concert merch platform, Sidestep

There’s been a lot of activity at the top tier of the music merchandise business lately. Last week saw Sony Music’s merchandising division, The Thread Shop, ink a deal to acquire the music merch division of The Araca Group. This week brings more news from this increasingly lucrative sector. Custom Ink company Represent has acquired …

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