Avex USA's strategic investment follows a multi-year partnership with S10 Publishing
Hits from Teddy Swims, Benson Boone and Megan Thee Stallion help drive 11% growth in recorded music streaming revenue.
Concord said on Thursday it would not raise its bid to beat Blackstone's $1.6 billion offer for the publicly listed music royalty fund.
Investor advisory groups Institutional Shareholder Services and Glass Lewis called UMG's remuneration report, which details its top executives' 2023 pay packages, "excessive."
The late producer's catalog includes megahits "Te Boté" and "La Jeepeta."
The Billboard Global Music Index gained 3.8% to 1,824.29 as 17 of its 20 stocks finished the week in positive territory.
This week's most important music industry stories in Canada.
Also this week: Concord reconfigures its streaming and data analysis team, SoNash Publishing rebrands and the MLC wants your help.
The veteran agent brings Starship with her to the fast-growing indie booking agency.
Also this week: Warner Music South East Europe launches a dance label with Ensis Records, Notes Live teams with El Paso for a new amphitheater and more.
