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BMG Posts 30.6% 2022 Revenue Jump as Catalog Acquisitions Top $400 Million

Dylan Smith
March 30, 2023
BMG turned in a 30.6 percent year-over-year (YoY) revenue increase – and dropped over $400 million on catalogs – during 2022, according to a new earnings report. The Berlin-headquartered music company’s 202... Read More...

Warner Music Group Announces 270 Job Cuts — and Comprehensive Reorganization Plans — ‘To Take Advantage of the Opportunities Ahead of Us’

Dylan Smith
March 29, 2023
Warner Music Group (WMG) is reportedly laying off approximately 270 employees – or roughly 4% of its global team – and spearheading a seemingly far-reaching executive-level reorganization. WMG CEO Robert Ky... Read More...
Scott Borchetta injured in racing accident

Big Machine Founder Scott Borchetta Injured in Racing Accident

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March 27, 2023
Big Machine Label Group Founder Scott Borchetta was injured in a racing accident during a Trans Am2 Series event in Georgia.  According to a statement from the label, the exec is in 'stable condition.' "Big ... Read More...
Warner Music Partners with Czech Republic Hip Hop Label Mike Roft

Warner Music Partners with Leading Czech Republic Hip-Hop Label Mike Roft

Ashley King
March 23, 2023
Warner Music Czech Republic has renewed its partnership and invested in local hip-hop label Mike Roft. Warner Music Czech Republic announces the renewed partnership and investment in leading hip-hop label Mi... Read More...
Warner Chappell Music Limited Edition Music

Warner Chappell Music Joins Forces With Limited Edition Music

Ashley King
March 20, 2023
Warner Chappell Music has announced it is joining forces with Limited Edition Music to develop emerging songwriters across multiple genres. Greg Sowders, WCM's SVP of A&R and Catalog, will continue in hi... Read More...

Universal Music Group Acquires Hyperion Records Ahead of Apple Music Classical Rollout, Touts Itself ‘As the Definitive Home for Classical Music Globally’

Dylan Smith
March 15, 2023
About one week after the formal announcement of Apple Music Classical, Universal Music Group (UMG) has officially acquired British classical label Hyperion Records. The Big Three label revealed its latest b... Read More...
Warner Records electronic dance music

Warner Records Launches Flagship Electronic Dance Music Label, Major Recordings

Ashley King
March 13, 2023
Warner Records has launched its flagship electronic dance music label, Major Recordings, headed by Sam Mobarek. Warner Records announced the launch of its first flagship electronic dance music label, Major R... Read More...
Chrysalis Records

Chrysalis Records Inks Physical and Digital Distribution Pact with Secretly Distribution

Ashley King
March 12, 2023
Independent record company Chrysalis Records has announced a new physical and digital distribution deal with Secretly Distribution. London-based record company Chrysalis Records, part of the Reservoir Group,... Read More...
Anitta WMG deal comments 2023

Anitta Says She’d ‘Auction Off Her Organs’ to Get Out of Her WMG Contract — Otherwise the Deal’s Going Well

Ashley King
March 9, 2023
Anitta says she'd 'auction off her organs' to get out of her Warner Music Group (WMG) deal. Brazilian pop star Anitta vented on Twitter about her regrets about signing with Warner Music Group and that she wo... Read More...
Tower Records unveils new creative space called Tower Labs in Brooklyn, New York

Tower Records Unveils Tower Labs in Brooklyn — Take A Peek

Ashley King
March 8, 2023
Tower Records has unveiled its new creative space called Tower Labs in Brooklyn, New York. The new creative space is located on Kent Avenue in Williamsburg and is designed to give music fans a wide range of ... Read More...

Celebrating and Motivating: Naxos China Aims To Embrace a Wider Audience

Naxos China
March 8, 2023
Naxos Records has recently been awarded Label of the Year by the 2023 International Classical Music Awards (ICMA). The following comes from Naxos China, a company DMN is proud to be partnering with. Since... Read More...

How Artists Are ‘Purchasing’ Record Deals — Before They Get Signed

Paul Resnikoff
March 7, 2023
HiLife Music Group's subsidiary label, A-Grade Music, is allowing artists to 'Purchase a Record Deal' — aiming to change how label deals are done. Artists can now get ahead of the curve by buying a deal that ... Read More...
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