A court in Seoul has ordered K-pop group NewJeans to pay 1 billion won (USD $726,300) per member for each unauthorized activity outside their agency’s control, potentially totaling 5 billion won ($3.6 million) if all five members perform together. Multiple news outlets out of South Korea reported that the Seoul Central District Court on Friday…
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. Taylor Swift broke the internet today (May 30) with…
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. This week we got some interesting Spotify-related news, with the…
If you thought that Drake’s legal action against Universal Music Group was the artist vs. label dispute of the week, think again. Over in South Korea, the future of HYBE-owned label ADOR has been thrown into uncertainty after K-pop girl group NewJeans, the label’s primary source of income, announced Thursday (November 28) that they are…
K-pop giant HYBE’s superfan platform Weverse is launching a set of new higher-priced membership tiers for users on December 1. Current Weverse subscribers pay around USD $24 per year for benefits including exclusive content and announcements from their favorite artists. According to The Korea Herald, the new Weverse launch – dubbed “digital membership” – will…
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. This week, the music business news cycle was dominated…
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. This has been a week of structural changes in…
South Korea-based entertainment giant HYBE published its Q4 and FY 2023 financial results last Monday (February 26). The firm revealed that it surpassed annual revenues of 2 trillion South Korea Won (USD $1.66bn) in 2023, led by what it said on its Q4 earnings call was “explosive growth in [its] album and concert businesses”. That,…
