The DSP says there’s “potential” for more price increases after two hikes in recent years.
Lanternier's "expertise will be invaluable in navigating the evolving streaming landscape and delivering experiences to our users," said Iris Knobloch, chair of the board of directors.
The French music streamer's latest price hike helped average revenue per user improve 6.4% in Q1 compared to the prior-year quarter.
Also this week: AEG Presents partners with the LIV Golf league, Notes Live is selected to build a 20,000-capacity amphitheater in Texas and more.
The company announced that Folgueira was resigning to "pursue personal projects."
The Billboard Global Music Index fell 0.3% to 1,517.98, lowering its year-to-date gain to 30.0%.
While Spotify is just now moving towards a penalty system, Apple quietly started making "financial adjustments" for repeat fraudsters more than a year ago.
WMG becomes the second major to sign on to the new structure, which is still limited to the streamer's home territory.
“We are back to meaningful subscriber growth and secured top line acceleration starting in Q4," said CEO Jeronimo Folgueira.
An "in-depth" study will analyze streaming data to evaluate the viability of different economic models for remunerating songwriters, composers and rights holders.
