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music business

  • British music exports hit record high as big hitters dominate charts

    July 20, 2022

    The value of British music exported overseas has hit a new annual high, up 13.7 per cent to £590.8m in 2021.

  • Record industry could save £200m as court order extends pirate website block to mobile networks

    July 12, 2022

    The music industry celebrates this morning after a High Court Order forces mobile providers to start blocking pirate music websites, potentially saving the record industry £200m a year. Website blocking acts as a powerful legal remedy for those who own and invest in copyright and brands from music, film, sports and gaming industries, whose rights [...]

  • French music streamer Deezer drops 35 per cent at debut

    July 5, 2022

    Shares in Deezer have plunged over 35 per cent in the French music streamer's first day of trading as the markets struggle to see how it can compete with the likes of Apple Music and Spotify.

  • Royalty rate rocks for Hipgnosis Songs Fund following US ruling

    July 3, 2022

    Shares in Hipgnosis Songs Fund climbed today after after a fresh court decision effectively meant it will be able to collect a greater royalty rate for music streaming. It comes after the US Copyright Royalty Board upheld its decision regarding the top-line streaming royalty rate for songs, which boosted the percentage of streaming service revenue [...]

  • Ed Sheeran and co-songwriters handed £900k in legal costs for Shape Of You copyright win

    June 21, 2022

    Ed Sheeran and two songwriting partners were handed more than £900,000 in legal costs after winning a High Court copyright case over accusations that he ripped off other artists for his 2017 hit Shape of You. Sheeran was involved in the 11-day trial with two songwriters Sami Chokri and Ross O’Donoghue who claimed that he [...]

  • Eurovision ‘to begin discussions with BBC’ as UK set to host next year’s contest due to Ukraine war

    June 17, 2022

    The United Kingdom will likely host next year’s Eurovision Song Contest (ESC) because of the ongoing war in Ukraine, it has been announced. The European Broadcasting Union (EBU) issued a statement this morning saying it will “begin discussions with the BBC” about broadcasting the event from the UK, as this year’s runner up to the [...]

  • Absolute and KISS launch new subscription service as radio tries to keep up with the streamers

    May 27, 2022

    With the huge explosion of music streaming, even radio is now trying to monetise on the brave new subscription service world.

  • Mick Jagger: Music touring is a ‘nightmare’ after Brexit

    May 23, 2022

    Mick Jagger said Brexit has been a “nightmare” for the music touring industry, with musicians now facing even more red tape when travelling into the UK.

  • Rare items from personal collection of legendary Radio1 DJ John Peel to be auctioned off

    May 17, 2022

    Rare items from the extensive personal archive of pioneering DJ John Peel will be up for auction,  including by John Lennon, the Rolling Stones, Pink Floyd and a hand-written note from Queen’s Freddie Mercury. The legendary BBC Radio 1 host, who died in 2004, had an enormous musical collection of 120,000 albums estimated to be [...]

  • Universal Music teams up with LimeWire to push forward with music NFT licensing platform

    May 17, 2022

    LimeWire has inked a deal with Universal Music Group for content licensing on a global scale, opening up the LimeWire collectibles marketplace to all artists under the Universal Music Group umbrella.

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