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U.K. Recorded Music Revenue Hit Record High in 2024 on Continued Streaming Growth

The U.K. streaming market rose to record levels in 2024 as it crossed the £1 billion ($1.28 billion) revenue barrier for the first time, according to annual figures from labels trade body BPI published Wednesday (March 12).  Subscription, ad-supported and video-streaming revenue totaled £1.02 billion ($1.3 billion) to make up 68.1% of the country’s recorded […]

Concord in Advanced Talks to Acquire Stem

Concord is an advanced talks to acquire music distributor Stem, according to multiple sources close to the talks. Los Angeles-based Stem is a 10-year-old digital distributor that gives independent artists ownership of their works and retains a distribution fee. Nashville-based Concord has vast music publishing and recorded music catalogs that include the compositions of Rodgers […]