Also this week: SoundCloud announces artist services deals with Helix and Payday Records, ASM Global strikes a new sustainability partnership and more.
WMG becomes the second major to sign on to the new structure, which is still limited to the streamer's home territory.
The company is planning changes to its royalty model for 2024 that will disqualify some tracks from payments and increase penalties for fraud.
Negotiations with major labels are ongoing and slowing down the project's beta release.
"As an organization that promotes the unifying and healing power of music, we are shocked and heartbroken," the Recording Academy states.
Higginson replaces outgoing digital chief Oana Ruxandra.
Ruxandra, who has been with Warner for eight of the past 10 years, led investments and partnerships in the digital, gaming, web3 and AI spaces.
Young’s on-demand audio streams are down a third since he left Spotify, which means he's missing out on about $16,000 in royalties each month.
Kyncl spoke at the Code Conference on Tuesday, saying, "You have to embrace technology, because it's not like you can put technology in a bottle."
WMG christens a new German office -- a "sign of our commitment to local players in the creative and cultural scene."
