SiriusXM posted an almost four percent year-over-year (YoY) revenue improvement for Q3 2022 as an income boost stemming from satellite radio self-pay subscribers helped to offset Pandora’s YoY decrease in the same category as well as monthly active use…
Author archives: Dylan Smith
Spotify Reportedly Explores Anghami Buyout Amid Rapid MENA Music Industry Growth
Spotify (NYSE: SPOT) is reportedly exploring a potential acquisition of Middle Eastern streaming service Anghami (NASDAQ: ANGH). The Stockholm-headquartered company’s reported buyout of Anghami, which debuted on the public market via a SPAC merger in F…
Domain Capital Announces $700 Million In ‘Equity Commitments’ for Entertainment Fund Following Partnership Deal With Sony Music Publishing
Back in May, Sony Music Publishing (SMP) signed songwriter Ashley Gorley to a global deal “in partnership with” Atlanta-based investment firm Domain Capital Group. Now, Domain says it’s pulled down $700 million in “equity commitments” for its entertain…
Amazon Music Is Staying Put On Pricing — At Least for Now — As Spotify Prepares to Raise Its Monthly Cost
After Apple Music and Deezer increased the cost of their individual plans in markets including the U.S. — and as Spotify reportedly plots a bump of its own — Amazon Music is staying put on pricing for the time being. Amazon Music VP Steve Boom shed lig…
Irving Berlin Estate Expands Decade-Long UMPG Deal With ‘Exclusive Global Publishing Agreement’
Universal Music Publishing Group (UMPG) has announced an expanded deal to “exclusively represent” the catalog of Irving Berlin worldwide. Universal Music Group’s publishing division and the estate of Irving Berlin unveiled their newly inked agreement t…
Primary Wave Acquires Huey Lewis and The News Catalog After Revealing $600 Million In ‘Pending Transactions’
Primary Wave has acquired the rights to the first seven studio albums from Huey Lewis and The News. New York City-headquartered Primary Wave, which scored a multibillion-dollar investment in October, unveiled its latest catalog play today. For referenc…
Sony Music Entertainment Posts 13% Q3 2022 Revenue Increase As Streaming Income Cracks $1.3 Billion
Sony Music Entertainment (SME) recorded a nearly 33 percent year-over-year revenue hike (as well as a 13.26 percent quarterly increase when factoring exclusively for recorded and publishing) during the three months ending on September 30th, according t…
Migos Rapper Takeoff Dead Following Early Morning Shooting — Police Encourage Witnesses to Come Forward
Migos founding member Takeoff (full name Kirshnik Khari Ball) has perished from gunshot wounds sustained during an early morning shooting in Houston, Texas. Representatives for Takeoff, who, at 28, was the youngest of Migos’ three members, just recentl…
RIAA Demands Yout Foot ‘Conservative’ $250,000 Bill for Attorneys’ Fees Following Appeal Notice
One week back, stream-ripper Yout appealed the dismissal of its years-long defamation and DMCA lawsuit against the Recording Industry Association of America. Now, the RIAA is officially demanding that the Hartford-based plaintiff cough up $250,000 in a…
Lucian Grainge On UMG’s Ability to Monetize TikTok and Other New Platforms: ‘I Have Seen This Movie Before, I Know the Ending’
While discussing the monetization potential of relatively new platforms like TikTok, Universal Music head Lucian Grainge indicated that he’s “seen this movie before” and made clear his confidence in UMG’s ability to secure a material portion of t…