Music Business Worldwide News

1. Arctic Monkeys’ label Domino grew its UK turnover by 31.6% in 2021, driven by strong catalog sales

   AM, the 2013-released fifth album from Arctic Monkeys was the UK’s No.1 best-selling independent album in 2021

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2. Iceland-based music making app Overtune raises $2m in seed funding

   Investors include Guitar Hero founder Charles Huang, and former CEO and Chairman of Sony Music UK, Nick Gatfield

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3. Sound recording copyright term to be extended to 70 years in New Zealand

   New Zealand's current copyright protection covers 50 years

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4. Multi-platinum rapper Logic signs to BMG

   The move follows Logic's departure from Def Jam

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5. Paul Cormack promoted to General Manager at Better Noise Music

   Cormack previously served as Managing Director of Canada for the company

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6. Songwriters, rejoice: Spotify appeal FAILS to stop composers getting improved 15.1% streaming royalty rate in the US

   Bottom line: The streaming services are going to have to fork over a pile of cash to publishers and songwriters

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7. From Universal’s Frank Zappa catalog acquisition to Triller’s US IPO… it’s MBW’s Weekly Round-Up

   The big stories from the past week

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8. Alisha Outridge named Chief Technology & Product Officer at TuneCore

   Outridge is the first Chief Technology & Product Officer at the Believe-owned company

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9. TikTok rival Triller files to go public on Nasdaq via ‘the largest creator IPO in history’

   Triller owns VERZUZ, Fangage, Julius and other subsidiaries, all bought via acquisition

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10. Anghami acquires events and concerts company Spotlight, as it expands into live entertainment

    Deal will see Spotlight Events become Anghami's arm for live events and concerts

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