Breaking News in the Music Industry
The music industry is buzzing with exciting developments in deals, appointments, legal battles, merchandise expansions, funding opportunities, and new releases. Let’s dive into the latest highlights:
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Record Deals
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The renowned Azoff Company’s Giant Music has announced a groundbreaking record deal with the talented Australian singer-songwriter, Ruel. President of Giant Music, Nate Albert, expressed his excitement, stating, “Ruel is truly a singular talent, and we are thrilled to be part of his next chapter.”
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In another major deal, Dominican rapper Tokischa has inked a global publishing agreement with Warner Chappell. The President for US Latin & Latin America at Warner Chappell, Gustavo Menéndez, emphasized the company’s dedication to working with artists of true artistry, with Tokischa being a prime example of original creativity and promise.
New Appointments
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Booking agency Wasserman Music welcomes three new hires across the UK and US, including Adam Clements in London as Manager, Tour Marketing; Oskar Muller in Chicago as Director, Pricing & Ticketing; and Jenn Rilloraza in LA as Manager, Brand Partnerships. President Lee Anderson expressed excitement about the new additions, aiming to enhance their services and support for clients globally.
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Spirit Music Group has appointed Lou Al-Chamaa as EVP A&R, emphasizing a commitment to nurturing creative talent within the organization. Al-Chamaa looks forward to fostering a culture of creativity and elevating the next generation of music artists.
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James Dolan secures his position as Chair and CEO of US venue operator and live entertainment company MSG Entertainment for another three years.
Legal Battles in the Industry
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The music industry is rocked by a bitter dispute between members of EXO and K-pop giant SM Entertainment. Chen, Baekhyun, and Xiumin of EXO-CBX have filed a criminal complaint against SM Entertainment, alleging fraud related to a breached agreement involving distribution of solo music through SM’s parent company, Kakao Entertainment.
Merchandise Expansion
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BSI Merch makes a strategic move by opening a new office in Tokyo, led by Charlie Simmonds. CEO Andy Allen highlights the expansion into the Asia-Pacific region, focusing on e-commerce and personalized services to enhance support for clients.
Innovative Funding Opportunities
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Music funding platform beatBread launches the beatBread Funding Network, enabling artists and labels to explore multiple offers from potential partners. CEO Peter Sinclair emphasizes empowering indie artists with choice and analytical tools to make informed decisions about distribution and promotion.
New Music Releases to Watch Out For
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Olivia Dean delights fans with her latest single, ‘Time’.
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Patrick Higgins launches a new single, ‘Catalyst’, in collaboration with percussionist Bobby Previte. Fans can anticipate Higgins’ upcoming album, ‘Versus,’ releasing on July 12th.
Stay tuned for more exciting updates from the dynamic world of music!