Member Updates
Here you’ll find updates on the latest companies who have joined Music Biz’s membership throughout the year. Music Biz also broadcasts the latest news from our member companies — product/service launches, personnel announcements, new partnership signings, and beyond — on our socials and the homepage of our site.
If you’re a member that has news to share with our community, share it with our Social Media Specialist, Samantha Writt!
January 9, 2023 – Music Biz Member LyricFind Promotes Roy Hennig as SVP of Sales; Nik Mcleod as VP of Publishing
Lyric licensing and data solutions company, LyricFind has promoted Roy Hennig as their new SVP of sales and Nik McLeod as VP of publishing. In 2009, Hennig joined the LyricFind team in a variety of sales roles. According to the company, Hennig’s leadership led the company to over 40% revenue growth in 2022 alone. As SVP of sales, he will continue to lead the sales team in LyricFind’s core markets in addition to emerging products such as Lyric Videos and LyricIQ. ... Click Here To Read
January 9, 2023 – Music Biz Member Sony Music Provides Counseling Support Across 12 Countries
Sony Music has recently updated its Artist Forward initiative to provide additional wellbeing measures to their artists. Under the heading ‘It’s okay not to be okay,’ artists have started to make use of a free, confidential counseling service that is available in 70 languages. As part of the Artists Assistance Programme, Sony’s artists have access to professional counseling services for addressing stress, anxiety, depression, grief, family, and relationship matters and more. So far, the initiative has helped more than 100 artists from across more than 12 different countries,... Click Here To Read
January 6, 2023 – Music Biz Member TuneCore Names Andile Mbete as Head of TuneCore, Southern Africa
Independent music distributor, TuneCore has appointed Andile Mbete to be their new Head of TuneCore, Southern Africa. He will manage and build the company’s artist roster in the region and support local artists through partnership opportunities and marketing initiatives. Prior to joining TuneCore, Mbete worked for Sony Music’s Columbia and Epic Records, where he oversaw a team responsible for the implementation of marketing and content strategies for both local and international artists. In his new role,... Click Here To Read
January 6, 2023 – Music Biz Member FUGA Strikes Deal With Polyvinyl Records
B2B distributor FUGA has announced a new partnership with indie label, Polyvinyl Records. Per the agreement, FUGA will allow the label to utilize its distribution and marketing services. Polyvinyl will also gain access to a trends and analytics platform, DSP marketing, API access and account management across their releases. According to Matt Lunsford, President & Co-founder of Polyvinyl Record, the partnership with FUGA “…represents Polyvinyl’s continued commitment to our artist-first ethos”. “We are proud to provide our artists a fully independent path to digital distribution and marketing via our partnerships with FUGA and Merlin: both of whom share our passion for empowering independent music,” said Lunsford. ... Click Here To Read
January 4, 2023 – Music Biz Member Warner Music Group Strikes Partnership with Virtual Fashion Platform, DRESSX
Warner Music Group has announced its investment in digital fashion retailer, DRESSX. The partnership allows WMG to further venture into the Web3 space by enabling their artists to design and launch their own virtual fashion lines. The artist’s 3D and AR virtual clothing offerings can be collected by fans and used across Instagram, Snapchat and other partner platforms. “As our digital identities become exponentially more robust and impactful, we are focused on building partnerships that will enable WMG and our artists,” said WMG’s Chief Digital Officer &... Click Here To Read
January 3, 2023 – Music Biz Member Republic Records Names Beau Benton as Senior Vice President, Media & Operations
Republic Records has promoted Beau Benton as their new SVP, Media & Operations. In his new role, Benton will oversee operations for Republic Records in Los Angeles along with Co-President, Wendy Goldstien, and serve as the liaison for internal LA team communication during large-scale events. He will also continue to handle media strategy and orchestrate promotional campaigns. An eight-year veteran of the label, Benton joined Republic Records in 2014 as VP of Media. Over the course of his career,... Click Here To Read
December 14, 2022 – Music Biz Member Ingrooves Is Hiring — Social Media and Communications Manager
Ingrooves Music Group is a world leader in music distribution, marketing, and technology that empowers independent labels and entrepreneurs to grow their businesses and thrive in the global music industry. Ingrooves offers a comprehensive suite of solutions that includes marketing strategy, insights and analytics, rights management, advertising, royalty accounting, video monetization, and music licensing, all accessible through an intuitive client platform. The company has offices throughout the United States (HQ), Canada, Latin America, Europe, Africa, Asia,... Click Here To Read
December 14, 2022 – Music Biz Member DDEX Publishes ERN 4.3 Update and Catalogue Transfer Standard 1.0
DDEX has recently released version 4.3 of the Electronic Release Notification (ERN) that will add more functionality and reduce the complexities of earlier ERN versions. Within the update, DDEX has defined the operation of the ERN Choreography for Cloud Based Storage and the ERN Choreography for Web Services. ERN 4.3 also includes business benefits like data on immersive audio, sound recording, video clips, album visibility dates and more. Companies such as Universal Music Group, Beggars Group and Spotify have already committed to implementing ERN 4.3 due to its improved functionality.... Click Here To Read
December 15, 2022 – Music Biz Member Warner’s WMX Launches Three Music Channels on Roku Channel
Warner Music Group’s media and creative content division, WMX has partnered with Roku to launch three FAST (Free ad-supported streaming TV) channels on the Roku Channel. In light of the recent trend of music related TV channels debuting in the US, Warner says that the channels will focus on a specific genre and will be programmed based on consumer behavior insights. Along with music videos and concerts, the channels will feature original programming from WMG”S media brands including UPROXX,... Click Here To Read
December 15, 2022 – Music Biz Member Concord Issues $1.8BN Bond Offering, Backed by 1M+ Music Copyrights
On December 8th, Concord confirmed that the company has become the latest large music company to launch a bond offering via securitized royalties from copyrights. The company secured a $1.8 billion bond backed by music rights from Concord’s catalog from Apollo Global Management, originally priced at $1.65 billion. Concord claims that the transaction is, “…the largest asset-backed securitization offering of music rights in the industry to date in terms of both size of issuance and number of assets (over one million copyrights)”.... Click Here To Read
