"The stakeholders have major investments; it's time," says a former employee.
Also this week: BMG makes a pair of catalog acquisitions, a new SPAC is announced and more.
The catalog includes 18,000 recordings, songs and video recordings, including works from some of Pakistan and India's top artists.
Also this week: CTS Eventim and Sony Music Latin Iberia beef up their JV in South America, Spotify links with Africa & Middle East mobile provider Orange and more.
TaP Music, her former management company, sold the rights back to Lipa over a year after she left the firm.
The company joins a technology giant that owns Square, Cash App and music streaming platform Tidal.
Also this week: Universal Music Group expands its reach in the MENA region, the B.B. King estate announces a spirits partnership and more.
The "Fortnite" developer also announced plans to purge 16% of its workforce in order to cut costs.
While there's plenty of consternation around BMI's turn to a for-profit model and plans to sell, some in the business are recommending a wait-and-see approach.
The deal includes Redeye's in-house labels Yep Roc and Sundazed as well as its publishing company, Riff City Sounds.
