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News, jobs and analysis for the global music industry
Tencent Music close to $2.4 billion deal to acquire podcast firm Ximalaya – with a potential payday for Sony Music
Sony Music acquired 4.6 million shares in Ximalaya for a consideration of USD $50 million in 2020
Source
Confirmed: European competition regulator to assess UMG’s $775m acquisition of Downtown Music
European Commission has accepted requests from Austria and the Netherlands to review the proposed acquisition
Source
Universal Music Group’s Downtown acquisition to be probed by EU competition regulator (report)
The FT reports the probe will be announced on Friday (April 25)
Source
HYBE teams up with Spanish-language TV giant Telemundo on ‘first-of-its-kind’ competition and reality show to form a Regional Mexican group
Members of the winning group will win $100,000 and a recording contract with HYBE Latin America
Source
India’s Tips Music generated $9.1m in calendar Q1 as EBITDA grew 24% YoY
Tips' operating EBITDA grew 24% YoY in calendar Q1 to reach USD $4.3m
Source
Universal Music Group Nashville rebrands as Music Corporation of America
Mike Harris to Lead as President & CEO, and Dave Cobb as Chief Creative Officer
Source
Spanish society SGAE distributed $378m to its members in 2024, as annual collections reached record $422m
SGAE reports highest annual revenues in 125-year history
Source
Hannah Thompson-Waitt promoted to SVP, Commercial Strategy, at Virgin Music Group
Exec previously served as Vice President of Commercial Strategy
Source
Liv Lyons joins music law firm Russells as Partner
Lyons joins from Lee & Thompson
Source
Meta launches Edits, a rival to TikTok parent-owned CapCut, with plans for expanded music options, including ‘royalty-free’
App is available on both iOS and Android
Source
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