Artists such as RAYE have campaigned for songwriters and session musicians to receive greater financial returns for their work on songs.
Proceeds from the fund will be used to repay $1.65 billion Concord owes from its 2022 ABS.
The form UMG submitted to the agency on Monday (July 21) puts it on track to list certain Pershing shares on a U.S. exchange by its Sept. 15 deadline.
Bumstead served in key leadership roles in the industry for more than 40 years, including as a board member of the Country Music Association.
Despite recent controversy over corrido, music in Spanish holds as the country’s No. 5 core genre, with on-demand audio streams growing 7.8% over the same period in 2024.
Led by Netease Cloud Music and Tencent Music Entertainment, the 20-company Billboard Global Music Index rose 3.0% for the week ended July 18.
In other Canadian music industry news this week, the Prism Prize hits pause and Pride at Warner Music Canada hosts a trans and non-binary songwriting camp.
Lickona vows the eclectic music show, produced by PBS Austin, will continue, but calls on the music community's help.
Expect CEOs and CFOs to pepper their earnings calls with thoughts on slowing streaming growth, superfans, the state of the economy and more.
The devil went down to Georgia and wrestled up this weekly roundup of promotions, hires, exits and everything in between across music.
