The Chinese streaming platform says it bought $327 million worth of Universal's stock in mid-March, adding to a stake it had in UMG through a consortium of investors.
Sirota has led Merlin, the digital music licensing partner for independent labels and distributors, since 2020
The project is HYBE's first artist development venture of this scale focused entirely on Latin talent and featuring marquee mentors and coaches.
Cold brew from a Red Hot Chili Pepper.
On Friday, the office noted its support of licensing copyrighted material for "commercial" AI models. The next day, the head of the Copyright Office was fired by President Trump.
Warner Music Group shares fell 9.6% this week following the company's quarterly earnings release on Thursday (May 8).
Also this week: The Canadian Musical Reproduction Rights Agency makes a key hire and Toronto Music Experience announces plans to open a permanent museum.
A new article in The Atlantic takes private equity to task for emphasizing catalog music at the expense of new stars, but it’s missing the bigger picture.
The deal brings the rights of famous playwrights like Tennessee Williams, Sam Shepard and Alan Menken to Concord.
Also this week: Audacy’s C-suite continues to turn over, Range launches a new composer division and WME has a new senior director of external relations.
