The Brag Media
News April 26, 2017

Dr. Luke parts ways with Sony, iHeartMedia stock falls, and more

Dr. Luke parts ways with Sony, iHeartMedia stock falls, and more

Here’s all the music industry news you need to know today.

Universal Music Group valued at $22bn – three times what it was worth in 2013 – via MBW

Dr. Luke Is No Longer the CEO of Sony’s Kemosabe Records Amid Kesha War. Luke’s attorneys have been collecting evidence about how his career has suffered as a result of her rape allegations. The culmination of Dr. Luke’s deal with Sony will be spotlighted as the case moves forward. – via THR

Spotify is said to be exploring the launch of branded wearable – via TechCrunch

iHeartMedia Stock Fell 24% Monday As Radio, Streaming Giant Flirts With Bankrupcy – via Hypebot

Kobalt has appointed former Columbia co-president Alison Donald as its new Head of Creative, UK (publishing and recordings). – via RotD

Madonna Biopic ‘Blond Ambition’ Script Picked Up by Universal – via Billboard

StubHub’s turnover grew 18% in the first three months of 2017. – via IQ

YouTube’s family-friendly Kids app is now available on smart TVs – via The Verge

The RIAA accounted for 44% of anti-piracy company Rightscorp’s revenue in 2016. – via TorrentFreak

BMG inks A&R partnership with Stefan Dabruck, invests in SDM agency – via MBW

London singer songwriter Josh Barry has won the 2017 Glastonbury Festival Emerging Talent Competition. – via M

Beyoncé Is Sending 4 Women to College on Formation Scholarships – via Vulture

Warner/Chappell Music (WCM) has signed a worldwide publishing agreement with songwriting and production duo Matthew Holmes and Phil Leigh, aka Mac & Phil. – via RotD

Spotify brings its Behind the Lyrics annotations to Android – via TechCrunch

In Hearts Wake Announce New Album Ark + Reveal New Single “Passage”

This article originally appeared on The Industry Observer, which is now part of The Music Network.

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