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HomeBusiness(Page 432)

Warner Music Shares Sink, HYBE & MSG Entertainment Stocks Soar on Earnings, Investment News

10 February, 2023

SM Entertainment shares also rose on news that HYBE had acquired a 14.8% stake in the company.

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Drake Ordered to Appear for Deposition in XXXTentacion Murder Trial

10 February, 2023

Due to a feud between the two rappers, the defense attorney for suspect Dedrick Williams believes Drake is connected to the late star's death.

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HYBE Acquires 15% Stake in K-Pop Competitor SM Entertainment

10 February, 2023

The shares were acquired from SM Entertainment founder Lee Soo Man.

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Madison Square Garden Entertainment Revenues Rise 24% as Company Updates Spin-Off Plans

9 February, 2023

Revenues increased to $642.2 million ahead of the company's spin-off of its live entertainment business, which it expects to complete by the end of March.

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‘There Are Artists at the Highest Level With Neurodiverse Conditions’: Study Finds Prevalence of Neurodiversity in Dance Music

9 February, 2023

Sponsored by the Association For Electronic Music, the 2022 study found that 58% of respondents have a neurodiverse condition.

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DJ Khaled Signs With Def Jam

9 February, 2023

Under the partnership, Khaled will serve as global creative consultant to Def Jam and UMG.

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MoFi Reaches Multi-Million Dollar Settlement Over Analog Vinyl Controversy, But Some Buyers Object

9 February, 2023

The company wants to end litigation claiming it deceived customers about "all-analog" records, but a battle over the settlement's fairness is already brewing.

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WMG’s New CEO Robert Kyncl Outlines Vision for Music Industry Amid ‘Tough Quarter’

9 February, 2023

On an earnings call, Kyncl addressed the future of both Warner and the business at large, commenting on AI, subscription streaming and TikTok.

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The Deals: Stevie Van Zandt Signs ‘Multimillion-Dollar’ Primary Wave Pact; BandLab Buys Airbit

9 February, 2023

Also this week: Utopia Music unloads ROSTR, Codiciado signs with Virgin Music U.S. Latin and more.

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Vico C Signs With Nain Music, a Division of Rimas Entertainment

9 February, 2023

The rapper is set to drop a new album in May.

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