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Creative Industries

Key figures — Week 13, 2023

Published

3 years ago

on

$20 billion
That's the value of Twitter, according to a memo to employees from owner Elon Musk in which he announced a new stock compensation programme. Musk bought the social network for $44 billion in October. Since then, he fired about 5,000 employees, and advertising revenues have dropped significantly.
$2.5 billion
That's how much Jay-Z's business is worth, according to Forbes. Shawn Carter has shares in Armand de Brignac champagne, Uber, D’Ussé cogna...

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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).

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Creative Industries

British music industry contributed a record £8 billion to the UK economy in 2024

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19 hours ago

on

November 16, 2025

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The British music sector's contribution to the UK economy in 2024 has hit a record £8 billion (€9.06bn), up 5% from £7.6bn in 2023, according to data published by cross industry organisation UK Music in its annual economic report 'This Is Music 2025',

Evolution of GVA, exports and employment between 2002 and 2024

Exports revenue in 2024 reaches new high of £4.8bn, up 5% from £4.6 billion in 2023, boosted by international successes by British artists such as Charli xcx and Lola Young. Total UK ...

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Creative Industries

Kobalt signs partnership with Nigerian company Inner Circle Publishing

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3 days ago

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November 14, 2025

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Independent music publisher Kobalt has signed a new deal with Nigerian publishing company Inner Circle Publishing (INCP). Details of the agreement were not disclosed.
Kobalt said the agreement marks "a significant move in expanding Kobalt’s footprint within the African music market." Inner Circle Publishing was co-founded by Caleb Oyolola and Promise Dennis earlier this year.
The company has already signed producers Choke Boi, who produced Fido's 'Joy is Coming', which has accumulated 50 mill...

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Leho Nigul promoted to Chief Technology Officer at Warner Music Group

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3 days ago

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November 14, 2025

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Warner Music Group has promoted Leho Nigul to Chief Technology Officer, effective December 1. He previously served as Senior Vice President, Engineering.
In his new role, he will lead WMG’s technology strategy, team, and product roadmap, reporting to CEO Robert Kyncl. The promotion coincides with the departure of Ariel Bardin after a three-year tenure as WMG's President of Technology. Bardin will remain with the company through the end of 2025 "to ensure the continuity of key initiatives and a s...

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