Concert revenue grew tenfold for the NCT Dream and Red Velvet label, while recorded music sales declined 3.7%.
In a short period of time, Jangwon Lee has helped Beyond Music grow to over 26,000 copyrights.
ValueAct's chief executive said Spotify is now "sorting out what was built to last and what was built for the bubble."
Revenues increased to $642.2 million ahead of the company's spin-off of its live entertainment business, which it expects to complete by the end of March.
On an earnings call, Kyncl addressed the future of both Warner and the business at large, commenting on AI, subscription streaming and TikTok.
WMG's net income was off 34% compared to the year-ago quarter, which had an extra week.
The company ended 2022 with roughly 935 million paid subscriptions across services like Apple TV+ and Apple Music.
The investment firm known for its stakes in Taylor Swift's, Dr. Dre's catalogs now has $4.4 billion in assets under management.
Daniel Ek also signals a shift to "becoming more efficient" following a period of heavy investment.
Tokimonsta, Richie Hawtin, Nicole Moudaber and more share advice on how DJs who don't make the highest-paid list can best manage their earnings (which aren't as high as you think).
