Alibaba and Tencent precede $10bn IPO by sharing Sony and Universal music

Before embarking on Tencent’s rumoured, enormous $10 billion IPO they have secured a deal with Alibaba to share each others music. Tencent are a giant investment company with their¬†fingers in a multitude of pies, including…

SONGS, publisher behind Lorde, The Weeknd & more up for $160m+ sale

The independent music publisher SONGS is going up for sale, with the majors like Warner, Sony and Universal likely keeping their eyes peeled. SONGS music publishing are responsible for some of the world’s biggest artists…

Remixes of Sony artists to be legalised in Dubset deal

Dubset have made a deal with their first major label, Sony, to make remixes and samples under the label legal. Dubset are a body who have been fighting to legitimise remixes which are often the…

Spotify just signed a deal with Warner, all 3 majors now sorted for streaming

Spotify have secured the 3rd major label allowing them to stream all of the top music owned by the 3 majors; Sony, Universal, and now Warner. It’s been a long time coming but Spotify have…

Adele reportedly investing in virtual reality music startup MelodyVR

A new report suggests that global superstar Adele is investing in a virtual reality company for music. According to a report by the Evening Standard, singer Adele has invested some of her giant fortune into…

The new CEO of Jay-Z’s Tidal has been announced

Jay-Z’s star-powered music streaming service has revealed its new CEO, the fourth to step in since launching just over 2 years ago. Replacing Jeff Toig as CEO of the high-fidelity music streaming service will be…

Sony Music reporting almost 20% year-on-year increases thanks to streaming

Sony music have released their financial report for the ¬†quarter of 2017, showing continued, considerable growth year-on-year. The introduction of streaming has seen boosts around many parts of the music industry, providing rising profits for…

Spotify are adding 2m users a month as they pass 60m subscribers

It’s been 5 months since Spotify reached the half a million mark for paid subscribers and they’ve already passed 60 million. Spotify have announced their latest milestone, surpassing 60 million subscribers paying for their Premium…

Spotify and Sony put behind conflict and sign major deal

Another major label has come to and signed a deal with Spotify cementing their music licenses and making a Spotify IPO more likely. Spotify have spent the past couple years negotiating with the major labels,…

Sony are joining the vinyl revival, opening their first vinyl factory in 28 years

Sony are the first major record label to fully embrace the resurgence of vinyl as they reveal plans to begin manufacturing new records themselves. Sony are to begin producing their own vinyl records again next…