Music Business Worldwide News

1. Universal enters strategic partnership with producer Binetou Sylla and Wèrè Wèrè Music to lead Def Jam Africa across French-speaking Africa

   The partnership will see Paris-based Binetou Sylla lead Def Jam Africa within French-speaking markets on the continent

   Source

2. Primary Wave strikes multi-million-dollar music rights deal with Neil Finn of Crowded House

   Deal includes his work with Crowded House, as well as his solo material

   Source

3. Latin music generated $1.4 billion in US recorded music revenues last year – up 16% YoY

   The RIAA has published its Year-end Latin Music Report

   Source

4. Spotify subscriber base grew by 3m to 239m in Q1, as company posts biggest ever quarterly profit

   Spotify posted a "quarterly high" operating income of €168 million ($182.41m)

   Source

5. Range Media Partners secures funding from Liberty Global, TPG Chair David Bonderman and others

   The management and production firm has been expanding its presence in the music business

   Source

6. HYBE confirms audit of ADOR CEO Min Hee-jin over reported attempt to seize control of subsidiary

   Min is reportedly upset with HYBE over what she sees as a 'copycat' act of her popular NewJeans group

   Source

7. Kat Kennedy tapped for Managing Director at Reservoir’s Big Life Management, amid slew of new appointments

   Kennedy, along with Colin Roberts and Claire Kilcourse, have been made partners at the Reservoir-linked management agency

   Source

8. Proper, formerly Utopia, tells shareholders: We need $6.4m from you

   Company has called on its shareholders to support a round of funding

   Source

9. TikTok plots US court battle as divest-or-ban bill heads for Senate vote (reports)

   Legislation forcing ByteDance to sell TikTok or face a ban in the US has passed the House and is headed for a vote in the Senate

   Source

10. Taylor Swift’s ‘The Tortured Poets Department’ becomes first album to cross 300m Spotify streams in a single day

    The Tortured Poets Department broke multiple Spotify records in less than 24 Hours

    Source