Author: Tommy Mac

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Concord Officially Pulls Out of Hipgnosis Songs Fund Acquisition Race In a move that has sent ripples through the music industry, Concord has officially announced its withdrawal from the competition to acquire the esteemed Hipgnosis Songs Fund. This strategic decision marks the end of months of speculation regarding Concord’s intentions and positions other key players…

Sony Music Publishing Acquires ‘Complete’ Catalog of Tame Impala’s Kevin Parker In a landmark deal, Sony Music Publishing has announced its acquisition of the complete music catalog of Kevin Parker, the creative force behind the psychedelic music project Tame Impala. This comprehensive agreement encompasses all of Parker’s work to-date, marking a significant moment in both…

Sony’s Impressive Growth in Recorded Music and Publishing in Q1 2024 Sony has once again made headlines with its remarkable financial performance in the music industry. In the first calendar quarter of 2024, the entertainment giant reported earnings of $2.5 billion from its recorded music and publishing sectors. This figure represents a substantial increase of…

Avex USA Announces Strategic Investment in Roc Nation-Backed S10 Entertainment: ‘Extending Our Partnership Was a Natural and Organic Step’ In a strategic move signaling a deeper collaboration within the music industry, Avex USA, the American arm of Japan’s entertainment behemoth Avex Inc., has announced a significant investment in S10 Entertainment. This entity is backed by…

In the ever-evolving podcast industry, Spotify’s podcast division is facing yet another significant alteration, marked by the departure of Julie McNamara. McNamara, who has been a key figure in steering Spotify’s podcast content strategy and execution, leaves behind a notable legacy amidst a period of substantial shifts within the company’s podcasting segment. Background of Spotify’s…

The Pulse of Music Business: MBW’s Weekly Round-Up This week’s edition of Music Business Worldwide (MBW) Round-Up offers a deep dive into some of the most significant shifts and stirrings in the music industry. From Downtown’s monumental credit agreement to Concord’s strategic withdrawal from the Hipgnosis bidding war, there’s plenty to unpack. Downtown Secures $500…

After Raising $250m for Acquisitions, Cinq Music Buys Catalog of Producer Flow La Movie In a significant move within the music industry, Cinq Music, a global music distribution, and rights management company, has laid out a clear statement of its expansive intentions. Following a massive $250 million funding round designed specifically for acquisitions, Cinq Music…