The Sphere Entertainment Co. subsidiary will also pay less to broadcast sporting events. In return, MSG Sports will receive warrants for a 19.9% equity stake in MSG Networks.
The European regulator is probing the competitive threat presented to "the music value chain" in The Netherlands and Austria.
The financial buyer of music catalogs may be “focused on the boring part of the business,” as co-founder Jeremy Tucker puts it — but it’s built a diverse, 15,000-song catalog.
Other recent deals include Warner Music Group's new joint-venture label with Annual Acharia, EMPIRE's partnership with Cambodian label Baramey and more.
A total of $200,000 in grants will be awarded this year.
Etsy acquired the music gear marketplace in 2019 for $275 million.
The Weidenmüller Sustainability Fund is named for late !K7 founder Horst Weidenmüller, a sustainability leader in the indie sector.
Held over the Easter long weekend, Bluesfest 2025 drew more than 109,000 attendees across five days.
Cloud Music shares rose 10.5%, leading the Billboard Global Music Index’s 3.6% increase this week.
Produced by the Music Sustainability Alliance and focused on advancing environmentally friendly practices within the music industry, the conference happened on April 15 in L.A.
