In 2022, the digital service claims to have sold 25,519,770 song downloads — making up nearly 12% of all tracks downloaded globally.
The new endeavor has already closed a deal with Skydance Media.
"Other people have some type of safety net and we have nothing."
RIAA reports the Latin market grew 24% in 2022 compared to 2021.
Other ink this week: Waterbaby to Sub Pop, MORGXN to Nettwerk and more.
The new study published by nonprofit initiative Fix the Mix confirmed a dismal lack of representation across all genres.
The Singapore subsidiary of Nodwin has acquired a 51% stake in Branded, the full-service live media specialist.
Citrin Cooperman partner Nari Matsuura oversaw roughly 750 catalog valuations worth more than $15.5 billion between 2021 and 2022.
The company's Big Hit Music imprint scored a No. 1 entry on the Billboard Hot 100 with the BTS member's solo single "Like Crazy."
Also this week: Believe taps a publishing CEO, Rostrum Records appoints a head of marketing and more.
