Tag: wmg

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WMG boss bullish on growth after $2bn of annual streaming revenue

“We’re now five years into the industry’s recovery. There are over 280 million streaming subscribers globally. And we still see plenty of room for more growth.” The words of Warner Music Group CEO Steve Cooper in his...
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WMG pushes back at reports that Stormzy triggered Ben Cook resignation

You’ve likely read the news earlier this week that Atlantic Records UK president Ben Cook was stepping down, as the result of an incident seven years ago when he went to a party dressed as a member of Run DMC. Cook was...
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Audiomack gets its first major licensing deal – with WMG

US-based streaming service Audiomack has spent much of its life since launch (in 2012) flying under the industry’s radar, starting as a mixtape-hosting site before becoming more of a SoundCloud-style direct-artist-uploads...
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WMG boss: streaming isn’t the only reason for industry growth

Warner Music Group published its latest quarterly financials yesterday, with its revenues up 10.4% year-on-year to $1.06bn, including 12.5% growth in its digital revenue to $648m – 61.2% of the total. Within that, WMG’s...
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Sandbox issue 232: Music Marketing in Trigger Cities

Lead: This issue we have a special extended feature looking into the phenomenon of Trigger Cities. These are places outside of the obvious music markets that are now – due to streaming and how algorithms are fed – playing...
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The latest new music label is… Build-A-Bear Records?

We don’t get to report on stuffed-animal announcements very often in Music Ally’s bulletin, but today we bring you news that retailer Build-A-Bear Workshop is launching its own record label. Build-A-Bear Records is the...
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AI-music startup Endel releases five new ‘Relax’ albums

Earlier this year, AI-music startup Endel revealed plans to release AI-generated albums through a distribution deal with Warner Music Group. And it definitely *is* a distribution deal: headlines about Endel becoming the...
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Oana Ruxandra to be WMG biz-dev lead as Ron Wilcox leaves

Oana Ruxandra will be Warner Music Group’s new lead of business development for recorded music, reporting directly in to CEO Steve Cooper. “A talented negotiator and collaborative leader, Oana has a first-class...
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Executive exits: WMG’s Ole Obermann and Spotify’s Austin Daboh

The latest music executives packing their bags for new climes are Warner Music Group’s chief digital officer Ole Obermann and Spotify’s UK head of music culture and editorial Austin Daboh. Obermann revealed his decision...
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Sandbox Issue 229: Partnerships. How labels are sharing marketing

Lead: Collaborations have long been a staple in the music industry, but something different is happening today as social media and analytics become key parts of marketing campaigns. In the “old days”, labels would trade...
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Warner/Chappell won’t be ruled by metrics in its A&R policy

Warner/Chappell’s new co-chairs Guy Moot and Carianne Marshall have been talking to Variety about their plans for the music publisher, including their determination not to be ruled by metrics when it comes to new talent....
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WMG boss delivers warning over family plans and freemium models

Warner Music Group boss Steve Cooper has delivered the latest warning to music-streaming services around label concerns about their family-plan subscriptions, and the impact on average revenue per user (ARPU). “With a lot...