Music Business Worldwide
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Overview
MRC Data has issued a correction to its numbers for 2021. As a result, MBW has had to re-run our own calculations based on that data.
News
Vanessa Bosåen exits Virgin Music Group, where she's led the UK business since 2021
She joined UMG in 2021 from Regent Street Records, the independent label and publisher she founded in 2014, having spent 15 years as a touring musician. Source
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Universal Music Poland acquires the Kayax Records catalog and brand, home to recordings by Brodka, Nosowska and Zakopower
Universal Music Poland also entered a strategic deal with Kayax's separate management business, Kayax Management, which is not part of the acquisition.
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From Apple Music's AI labeling plan to Spotify's $1.5B buyback… it's MBW's Weekly Round-Up
The biggest headlines from the past few days... Source
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Spotify expands its share buyback program by $1.5B, raising total authorization to around $2.2B
The company's Board of Directors approved the increase, which Spotify confirmed in a press release on Thursday (August 20). Source
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Apple Music to slap AI labels on Suno tracks - but pushes the onus onto record companies
The move was announced in a message to industry partners from Apple on Thursday (August 20), obtained by MBW. Source
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