Music Industry News: A Quick Look

Big Machine Label Group Celebrates 20 Years

In celebration of its 20th anniversary, Big Machine Label Group (BMLG), owned by HYBE America, has announced a series of promotions and a new hire in its international division. The company, which is also celebrating 10 years of its UK operation, highlighted that its international team is now entirely female and will lead efforts in key markets such as the UK and Australia. Its founder, Scott Borchetta, noted that a global focus has been key from the start, helping to boost the country genre internationally.

The China Streaming Paradox

What is the world’s largest subscription streaming market by volume of subscribers? Contrary to what many might think, it’s not the United States. While the US leads in annual revenue with over $6 billion, China surpasses any other country in subscriber volume. This phenomenon highlights the complexities and unique market models of the global music industry.

Universal Music Group: Deal on Hold

The European Commission has temporarily paused its investigation into Universal Music Group’s proposed acquisition of Downtown Music Holdings. The decision is due to the Commission awaiting “requested information.” This could extend the final decision deadline, which was originally set for November.

Key Appointments and Business Sale

Virgin Music Group, UMG’s independent artist label and services arm, appointed Cindy Gu as General Manager for Southeast Asia, overseeing markets like Singapore, the Philippines, Thailand, and more.
Morrissey, the former frontman of The Smiths, has put all of his “business interests” in the band up for sale, stating that he is “burnt out by any and all connections” to his former bandmates. This news has undoubtedly surprised many fans.