The company will now handle distribution and publishing administration for Chord's catalog, which includes works released by Fleetwood Mac, Maroon 5 and Beyoncé.
Also this week: Skybound launches a new label with FUGA and Downtown, Nigerian singer-songwriter Joeboy teams with Warner Music on a new imprint and more.
"The stakeholders have major investments; it's time," says a former employee.
Also this week: BMG makes a pair of catalog acquisitions, a new SPAC is announced and more.
The catalog includes 18,000 recordings, songs and video recordings, including works from some of Pakistan and India's top artists.
Also this week: CTS Eventim and Sony Music Latin Iberia beef up their JV in South America, Spotify links with Africa & Middle East mobile provider Orange and more.
TaP Music, her former management company, sold the rights back to Lipa over a year after she left the firm.
The company joins a technology giant that owns Square, Cash App and music streaming platform Tidal.
Also this week: Universal Music Group expands its reach in the MENA region, the B.B. King estate announces a spirits partnership and more.
The "Fortnite" developer also announced plans to purge 16% of its workforce in order to cut costs.
