Music Business Worldwide News

1. SK Sharma joins PE giant Warburg Pincus as Senior Advisor, focused on investment opportunities in Generative AI

   Warburg Pincus LLC has more than $87 billion in assets under management

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2. Bob Sinclar signs global deal with Warner Chappell Music

   The deal covers a catalog of more than 350 works written or composed by the French DJ.

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3. Kobalt signs global deal with Música Mexicana specialist K Music Publishing

   K Music was founded in 2019 by CEOs Alfredo Becerra & Leonardo Soto and songwriter/producer Carlos Santos

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4. Reservoir spent $115m+ on acquisitions and advances in latest fiscal year, as its annual revenues jumped 10% YoY to $158.7m

   Reservoir has published its fiscal Q4 (calendar Q1) and FY fiscal 2025 results (ended March 31, 2025)

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5. HYBE America sells Big Machine Rock label to Gebbia Media

   Scott Borchetta, founder of Big Machine Label Group, to join advisory board Gebbia Media parent Siebert Financial

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6. EU artists generated more than $1.8 billion on Spotify in 2024, up 15% YoY

   Spotify has published Loud & Clear stats for the EU

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7. Spotify has reached 100m paying subscribers in Europe, Daniel Ek confirms

   Spotify reported on April 29 that it grew its global Premium Subscriber base to 268m paying users in Q1

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8. NetEase Cloud Music strikes strategic deal with South Korean entertainment company RBW

   Deal marks the latest K-Pop partnership for NetEase Cloud Music

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9. Downtown expands presence in Africa, as Sheer rebrands to Downtown Music Publishing Africa

   Sheer was acquired by DMP parent Downtown Music Holdings in 2020

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10. Private Equity’s thirst for the live business continues, as Providence strikes $1bn+ deal for event logistics firm that worked on Taylor Swift tour

    GCL is the parent of Rock-it Cargo, a prominent player in the world of logistics for tours by superstar artists

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