In Quality Control's second full quarter with HYBE, the hip-hop label accounted for 19% of HYBE's streaming revenue.
Record companies are trying to keep artists from re-recording their songs for longer periods — and in some cases ever again.
About 40 employees were let go Thursday, including executive vp, global repertoire Fred Casimir and senior vp, global repertoire Jason Hradil.
The original version of Speak Now lost 60% of its weekly U.S. consumption in the 12 weeks after Swift released her Taylor's Version album of re-recordings.
Additional subscription price increases are expected in 2024, said CEO Denis Ladegaillerie.
The label home of Morgan Wallen and HARDY talks strategy, including why it encourages artists to cut songs outside of traditional album cycles.
UMG Commercial Services will handle BMG's vinyl and CD distribution starting in April 2024 as the companies explore "joining forces" in other areas.
For a monthly fee, content creators can have access to 50,000 pre-cleared songs and 200,000 sound effects — although, superstar artists are not included.
"As an organization that promotes the unifying and healing power of music, we are shocked and heartbroken," the Recording Academy states.
The singer releases her new single "From a Woman" and announces her third album To Be Eaten Alive.
