This week, the European Fee paused its investigation into Common Music Group‘s proposed $775 million acquisition of Downtown Music Holdings whereas awaiting requested info.
In the meantime, JYP Leisure revealed its bold plans to create an “unprecedented” digital Okay-pop artist, hiring AI and Unreal Engine consultants for the mission.
Elsewhere, Chopping Edge Group continued its growth, buying AMC Studios’ complete TV music catalog together with compositions from hit collection The Strolling Useless.
Additionally this week, Warner Music Group revealed an enormous change to the corporate’s UK operations, aligning its Atlantic and Warner Data UK labels with US management to supply “extra firepower” for British artists.
Listed here are a number of the greatest headlines from the previous few days…
1. EU PAUSES PROBE INTO UNIVERSAL’S $775M DOWNTOWN DEAL
The European Fee has briefly suspended its investigation into Common Music Group’s proposed $775 million acquisition of Downtown Music Holdings whereas awaiting requested info.
The pause comes through the EC’s in-depth Section 2 investigation, which started in July following preliminary considerations that the transaction may cut back competitors within the wholesale marketplace for recorded music distribution within the European Financial Space.
“We sit up for persevering with to work constructively with the Fee to convey the advantages this transaction will convey to the unbiased music neighborhood in Europe,” a UMG spokesperson informed MBW on Thursday.
”This deal is about providing unbiased music makers entry to world-class instruments and assist to assist them succeed. We’re assured that the Fee will acknowledge the advantages of the transaction for artists, labels, and unbiased music in Europe, and clear the transaction.” (MBW)
2. JYP ENTERTAINMENT IS HIRING FOR AI AND UNREAL ENGINE EXPERTS TO DEVELOP AN ‘UNPRECEDENTED’ VIRTUAL Okay-POP ARTIST
Seoul-based JYP Leisure is recruiting specialists in synthetic intelligence, movement graphics, and Unreal Engine to develop what it calls an “unprecedented” AI artist by means of its tech enterprise unit Blue Storage.
Job listings on the corporate’s web site reveal a number of openings, from Artistic Manufacturing and Product Design executives to LLM Engineers, 3D Artwork Administrators, Character Interplay Engineers, and Character Modelers.
JYP’s digital artist ambitions coincide with the worldwide success of its flagship group Stray Youngsters, whose newest album KARMA debuted at No.1 on the Billboard 200, making them the primary act to have their first seven Billboard 200 entries debut on the prime spot.
JYP said its purpose is to reply whether or not “AI can turn out to be a being that calls followers’ names and interacts with them,” with Blue Storage Co-CEO Jeong Min-jong describing it as “the primary try to recreate the essence of leisure by means of AI”... (MBW)
3. CUTTING EDGE ACQUIRES AMC STUDIOS’ FULL CATALOG OF TV MUSIC RIGHTS, INCLUDING COMPOSITIONS FROM HIT SERIES ‘THE WALKING DEAD’
UK-born Chopping Edge Group has acquired each publishing and grasp rights to AMC Studios’ complete TV music library for an undisclosed quantity, including compositions from The Strolling Useless franchise and Anne Rice variations to its portfolio.
The compositions and recordings be part of CEG’s portfolio of over 400,000 owned and managed media music rights, valued at greater than $1 billion.
Led by CEO Philip Moross, the corporate accomplished a $500 million debt refinancing in April 2024 and recognized a “circa $1.5 billion pipeline” of potential investments… (MBW)
4. WMG PROMISES ‘MORE FIREPOWER’ FOR BRITISH ARTISTS AS ATLANTIC AND WARNER RECORDS UK LABELS ALIGN WITH US LEADERSHIP
Warner Music Group introduced on Tuesday (September 3) that its flagship Atlantic and Warner Data labels within the UK and US will “collaborate extra intently” throughout A&R and advertising and marketing to present artists from each international locations larger world influence.
On this new framework, Ed Howard and Briony Turner, the Co-Presidents of Atlantic UK, will be part of the worldwide management staff of Atlantic Music Group (AMG) and report back to AMG CEO Elliot Grainge.
Joe Kentish, President of Warner Data and Parlophone Label Group within the UK, will be part of Warner Data’ world management staff and report back to Warner Data Group Chairman & CEO Aaron Bay-Schuck and Chairman & COO Tom Corson.
The modifications observe the introduced departure of Warner Music UK CEO Tony Harlow, who will step down in October after virtually six years within the position… (MBW)
5. ARRIVAL ARTISTS AND ATC LIVE MERGE TO CREATE GLOBAL BOOKING AGENCY ROAM
North American reserving company Arrival Artists and UK-based ATC Dwell have merged to kind ROAM, an unbiased company representing over 800 artists with greater than 80 staff throughout London, New York, Los Angeles, Chicago, Paris, and Glasgow.
The businesses described the merger as establishing ROAM because the “fifth largest” unbiased reserving company globally, although monetary phrases weren’t disclosed.
The mixed roster consists of main acts comparable to The Lumineers, Japanese Breakfast, Sufjan Stevens, Mac DeMarco, Huge Thief, Black Pumas, Fontaines D.C., Jungle, Khruangbin, Nick Cave & The Unhealthy Seeds, and PJ Harvey.
ROAM’s purchasers collectively carry out over 10,000 exhibits yearly at venues together with Madison Sq. Backyard, O2 Area, and Hollywood Bowl, whereas showing at festivals like Glastonbury, Coachella, and Primavera… (MBW)
Associate message: MBW’s Weekly Spherical-up is supported by BMI, the world chief in performing rights administration, devoted to supporting songwriters, composers and publishers and championing the worth of music. Discover out extra about BMI right here. Music Enterprise Worldwide
