News Daniel Ek pockets another $27.6m from selling Spotify shares – cashing out over $750m since 2023 The Spotify CEO has so far sold $751.6 million worth of Spotify shares since mid-2023
News ADOR reveals continued payments to NewJeans despite contract dispute The HYBE-owned agency said a total of $20 million had been invested in NewJeans’ debut
News Amazon makes last-minute bid for TikTok as US ban deadline looms (report) Amazon previously attempted to replicate TikTok with Inspire, its own short-form video shopping feature
News Tim Pithouse named General Manager at Def Jam Recordings Pithouse previously held roles at Three Six Zero, The Orchard, and Sony Music Entertainment Australia
News SM Entertainment buys additional 11.4% stake in Bubble superfan app operator DearU in $92m deal The deal raises SM’s stake in DearU to 45.1%
News With Kid Rock at his side, Trump signs executive order to curb ticket price gouging Live Nation welcomed the executive order despite its ongoing legal battle with the federal government over alleged violations of antitrust laws
News Udio, the startup sued by record companies last year, unveils tool to clone ‘sonic identity’ of existing songs Udio says its cloning technology “only supports uploads of content that users own or control"
News European Union’s latest draft AI Code of Practice renders copyright ‘meaningless,’ rightsholders warn The third draft no longer requires AI companies to publish a copyright policy, and only “encourages” them to do so
News Spotify expands video creator monetization program to nine new markets The Spotify Partner Program is expanding to eligible creators in France, Belgium, Luxembourg, Netherlands, Ireland, New Zealand, Germany, Austria, and Switzerland
News China’s $6B-valued Kunlun Tech debuts ‘world’s first’ music reasoning model, claims it can outperform Suno Kunlun's “chain-of-thought” technology incorporates thinking and self-criticism in the music generation process
News Pophouse Entertainment, the firm behind ABBA Voyage, closes $1.3bn music rights buying fund Pophouse said it has already deployed about 30% of the fund
News You’ve heard of superfan app Weverse. Now the parent company of HYBE’s arch-rival has launched a direct competitor. Meet Berriz. In addition to music fans, Berriz will also cater to fans of drama, film, webtoons, musicals, and other IP
News Apple Music integrates with DJ apps to let subscribers mix their entire music library Launch builds on Apple Music's previous DJ-focused initiatives
News UK collection org PPL’s 2024 revenue jumps 6% to record $384M In 2024, PPL distributed payments to over 172,000 performers and recording rightsholders, with 19,300 receiving royalties for the first time
News Music Nation Partners with SoundExchange to collect and distribute Neighboring Rights in the UAE SoundExchange will provide UAE-based Music Nation with technology, data and industry experience in royalty management
