Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be certain that you caught the 5 greatest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their earnings and scale back their touring prices.
Elsewhere this week, HYBE dominated the information cycle. On Tuesday (Might 27), we realized that it’s promoting its whole 9.38% stake in rival Ok-Pop agency SM Leisure to Tencent Music for practically $180 million. The subsequent day, HYBE America offered Huge Machine Rock.
On Thursday, information broke that HYBE’s HQ had been raided as a part of a probe into alleged insider buying and selling. In a separate story, South Korea’s monetary regulator was reported to be ramping up an investigation into HYBE’s Chairman. In the meantime, HYBE additionally confirmed its enlargement into China.
In different world enlargement information, Reside Nation boosted its presence in Latin America by way of the acquisition of Dominican Republic-based promoter SD Live shows. In the meantime, Downtown Music Publishing rebranded Johannesburg-based Sheer Publishing Africa as Downtown Music Publishing Africa.
And at last, Spotify has hit 100 million paying subscribers in Europe…
Taylor Swift has efficiently acquired the grasp recordings of her first six studio albums from funding agency Shamrock Capital.
The deal brings to a detailed one of many music business’s most high-profile possession disputes. Swift confirmed the information on Friday (Might 30) in a handwritten letter to her followers.
The transaction includes the grasp rights to Swift’s albums Taylor Swift, Fearless, Converse Now, Crimson, 1989, and Fame – recordings which were on the middle of a six-year battle over artist possession rights. (MBW)
HYBE has formally launched a subsidiary in China, the world’s fifth-largest recorded music market.
A HYBE spokesperson has confirmed that the South Korea-born leisure big arrange an workplace in Beijing final month.
HYBE is behind celebrity acts together with BTS, ENHYPEN, Seventeen, and others.
The launch of an workplace in Beijing marks HYBE’s fourth world market presence outdoors of South Korea, having expanded into Japan, adopted by the United States and, most not too long ago, LatinAmerica over the previous few years.
Reside Nation is increasing its presence in Latin America by way of the acquisition of SD Live shows, a dwell leisure firm within the Dominican Republic.
Based in 2001, SD Live shows is behind most of the area’s most outstanding dwell occasions, selling Latin and worldwide expertise throughout the Dominican Republic, in addition to supporting exhibits in Aruba, Chile, Colombia, Costa Rica, Guatemala, Panama, and Puerto Rico.
Reside Nation stated on Might 29 that the live performance business is seeing continued momentum throughout Latin America, with the corporate seeing fan attendance within the area up over 25% within the first quarter of 2025.
The corporate added that “rising demand for dwell experiences is supported by the worldwide rise of non-English language artists”, who, in keeping with Reside Nation, now signify twice as a lot of its high 50 excursions in comparison with 2019.
Downtown Music Publishing has unveiled a division based mostly in and devoted to Africa.
The Johannesburg-headquartered unit, Downtown Music Publishing Africa, has launched following the rebrand of Sheer Publishing Africa.
Sheer was acquired by Downtown Music Holdings in 2020, formally increasing the corporate’s geographic footprint to the African continent.
DMP stated that the rebrand indicators “greater than a visible refresh” and marks “a deeper alignment with the worldwide imaginative and prescient” of Downtown Music Publishing.
Spotify has formally reached 100million paying subscribers in Europe.
That’s in keeping with a LinkedIn put up from co-founder and CEO DanielEk, who stated he shared information of the milestone at an occasion in Stockholm this week.
Spotify reported on April 29 that it grew its world Premium Subscriber base to 268 million paying customers in Q1 (the three months ended March 31).
That was up 12% YoY, and up by 5 million web subscribers on the 263 million that SPOT counted on the finish of the prior quarter (This fall 2024).
