The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
Also this week: LVRN links up with Audiomack, NetEase signs an expanded agreement with RYCE Entertainment and more.
The Billboard Global Music Index rose 6.8% to 1,447.32, bringing the year-to-date gain to 23.9%.
The Billboard Global Music Index dropped 3.5% with 16 of its 21 stocks in negative territory.
As the company explores a new system with Universal Music Group, CEO Jeronimo Folgueira suggests different countries may require different systems.
The partnership, which follows a similar collaboration with TIDAL, was announced by UMG CEO Lucian Grainge on an earnings call.
Also this week: Yusuf/Cat Stevens signs to Dark Horse Records, ClicknClear strikes a licensing pact with a major U.S. amateur sports organization and more.
The problem is bigger than most people realize, and it seems to benefit major-label stars as well as developing acts, according to internal data from SoundCloud.
Also this week: Universal Music Canada taps a vp of Black music, ASM Global brings in a president of business development and more.
Jeronimo Folgueira, who took the reins in 2021, says a deal with German media powerhouse RTL will be “transformative” for the French company.
