After Making Tens Of Millions On Roblox, Warner Places Another Gaming Investment Bet
After Making Tens Of Millions On Roblox, Warner Places Another Gaming Investment Bet Article link: https://www.musicbusinessworldwide.com/after-making-tens-of-millions-on-roblox-warner-makes-another-gaming-investment-bet/
Spotify Acquires Findaway To ‘revolutionize The Audiobook Space’
Spotify Acquires Findaway To ‘revolutionize The Audiobook Space’ Article link: https://www.musicbusinessworldwide.com/spotify-acquires-findaway-to-revolutionize-the-audiobook-space/
Hipgnosis Songs Fund Share Price Hits All-time High On London Stock Exchange
This article was published on Nov 15, 2021 Article link: https://www.musicbusinessworldwide.com/hipgnosis-songs-fund-share-price-hits-all-time-high-on-london-stock-exchange/
Priya Dewan Upped To Vp, International Marketing, Asia Pacific And Md, Southeast Asia And Korea At The Orchard
Priya Dewan Upped To Vp, International Marketing, Asia Pacific And Md, Southeast Asia And Korea At The Orchard Article Link: https://www.musicbusinessworldwide.com/priya-dewan-upped-to-vp-international-marketing-asia-pacific-and-md-southeast-asia-and-korea-at-the-orchard/
Indian Short Form Video monthly active users rise to 250 million
Indian Short Form Video monthly active users rise to 250 million Article Link: https://www.musicplus.in/indian-short-form-video-monthly-active-users-rise-to-250-million/
Believe Buys 25% Stake In French Indie Label Play Two For Around $14 Million
[kc_row use_container=”yes” force=”no” column_align=”middle” video_mute=”no” _id=”739230″][kc_column width=”12/12″ video_mute=”no” _id=”547434″][kc_column_text] This article was published on November 3, 2021 Paris-headquartered Believe has acquired a 25% stake in Play Two, one of France’s leading independent labels. Believe said today (November 3) that the deal would accelerate the digital growth of Play Two, which remains a subsidiary of the TF1 group. Believe didn’t disclose a price for the deal, but did say: “The transaction values Play Two at just under €50 million on a 100% basis.” As a result, it’s fair to assume that, for a 25% stake, Believe paid around €12.5 million (approximately USD $14.5 million). To read the entire story click on the link – https://www.musicbusinessworldwide.com/believe-buys-25-stake-in-french-indie-label-play-two-for-around-14-million/ [/kc_column_text][/kc_column][/kc_row]
Create Music Group Acquires India-based Distribution And Rights Management Firm Nirvana Digital
This article was published on November 2, 2021 US-based music and media company Create Music Group has acquired Mumbai-based Nirvana Digital, described as one of the largest YouTube Enterprise partners in India. While terms of the deal were not disclosed, Create says that this is the first of a planned $50 million investment the company is making in India and the broader region in Asia over the next several years. Nirvana Digital says that it serves over 20 billion minutes of video each month and has a subscriber base north of 200 million. To read more click on the source link below. Source: https://www.musicbusinessworldwide.com/create-music-group-acquires-india-based-distribution-and-rights-management-firm-nirvana-digital/
Sony Music’s Quarterly Streaming Revenues Burst Above $1bn For The First Time
This article was published on October 28, 2021 Sony’s global recorded music business enjoyed a standout quarter in calendar Q3 – with streaming revenues surpassing the magic USD $1 billion mark during the three months to end of September. That’s according to new fiscal results for Sony Music Group posted by its parent, Sony Group Corp, in Japan today (October 28) and analyzed by MBW. It was the first time in history, according to MBW’s calculations, that Sony’s recorded music revenues from streaming have broken the quarterly $1 billion milestone. Article link: https://www.musicbusinessworldwide.com/sony-musics-quarterly-streaming-revenues-burst-above-1bn-for-the-first-time/
Is Universal Music Group Going To Post A $2bn Ebitda Profit This Year?
This article was published on October 27, 2021 To read the entire article, please click on the link – https://www.musicbusinessworldwide.com/can-universal-music-group-post-a-2bn-ebitda-profit-this-year/
BMG Strikes Alliance With Germany’s Taubertal-festival In Latest Live Music Move
This article was published on October 26, 2021 BMG, its live partner company Undercover, and Volker Hirsch, founder of the German Taubertal-Festival, have entered into an alliance. BMG says the alliance forms the “next step” in its expansion into the live music and entertainment business, after launching its live music division last year. Source: https://www.musicbusinessworldwide.com/bmg-strikes-alliance-with-germanys-taubertal-festival-in-latest-live-music-move/