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Creative Industries

Sony Music acquires Kobalt’s recorded music business

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By Emmanuel Legrand

AWAL's tag line was "A world artists love". But it will now come with an addendum: "Powered by Sony" as Sony Music Entertainment has entered into a definitive agreement with Kobalt Music Group to acquire Kobalt's recorded music operations, including AWAL, the service division for independent artists, and performance rights collection agency Kobalt Neighbouring Rights. Terms of the transaction have not been disclosed, but a Sony source told MBW that the price was $430 milli...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Music organisations agree to a unified approach for the voluntary labeling of AI-generated tracks

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Music industry trade organisations IFPI, RIAA, A2IM, WIN, IMPALA, The Grammys, SAG-AFTRA and the Human Artistry Campaign have unveiled a unified approach to voluntary track labeling to help music user distinguish between “AI-Generated” and “AI-Assisted" sound recordings. These labels apply to the use of generative AI in sound recordings and will be available for use in the near future.In a statement, the organisations explained that the labels were conceived "with broad, global adoption in mind...

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Creative Industries

Believe regroups its activities into two operational units: Global Commercial and Product, Tech and Operations

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Paris-based global music company Believe has unveiled a new unified structure for its Global Commercial and Product, Tech and Operations divisions, led respectively by Elsa Bahamonde Bourgain and Romain Becker. Believe said the new structure will position the company as "One Global Artist Development Company, obsessed with artist success and powered by best-in-class technology." To lead Believe’s global commercial efforts, the company has promoted Bahamonde Bourgain to President Artist Services...

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Creative Industries

Primary Wave Music acquires shares into the publishing and recording catalogues of Foreigner’s Mick Jones

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Independent publisher and music asset management company Primary Wave Music has invested in the publishing and recording catalogues of Mick Jones, the founder, guitarist and lead songwriter of rock band Foreigner. The partnership also includes name, image, and likeness and touring of Foreigner. Terms and details of the deal were not disclosed. Primary Wave’s marketing team and publishing infrastructure will work closely with Foreigner on new marketing, branding, digital, and synch opportunities,...

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