Developing artists distributed through Universal and Virgin are relying on workaround measures and "tricks" to keep using the platform.
The new app, which Kyncl says will roll out later this year, was announced at the Web Summit conference in Qatar this week.
One of the division's first projects is a docuseries centered around Grammy-nominated duo The War and Treaty.
Chair/CEO Julie Greenwald said the layoffs will be "primarily happening in our radio and video teams," adding that new hires will come on in digital and social media roles.
Pepito y Paquito, an album featuring 21 previously unreleased tracks by the Spanish guitarist and his brother Pepe, will be released in May 2024.
The company, home to artists like Rema and Ayra Starr, is at the forefront of Africa's Afrobeats movement, which has been exploding across the globe.
The India-based singer, actress and dancer is a "cross-cultural superstar," says WMG CEO Robert Kyncl.
The live-stream shopping platform acquires the media company from Buzzfeed, which acquired Complex in 2021.
“Tim’s creative ability has led him to sign and work with some of the world’s top recording artists,” reads a statement."
A Dolby Atmos-equipped recording studio, a new label and educational programs are planned as part of the proposed project.
