Looking underneath the hood of today’s big story in the music business
3 observations on… Universal Music Group’s $240m bet on Chord Music (and the real story, Dundee Partners)
Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms
October 11, 2024
The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies Source
Ticketmaster hit by ‘billions’ of bots in Oasis ticket sale, and 3 other things Michael Rapino said at Bloomberg’s Screentime event
October 11, 2024
The Live Nation CEO criticized scalpers saying there shouldn’t be “a middleman that has nothing invested in the business making any money from it.” Source
Downtown’s FUGA expands in ANZ region via new deal with Australia’s UNIFIED Music Group
October 11, 2024
Partnership will bolster UNIFIED’s distribution and marketing capabilities, and provide neighbouring rights services Source