Stability AI secures $76m in new funding with all three majors among latest backers

Stability AI has announced a series B funding round of $76 million in new capital. It brings total funding to $232m, inclusive of two equity rounds and convertible notes, under CEO Prem Akkaraju since his appointment in June 2024. Stability AI develops purpose-built AI products for professional creatives across music, ...

XL Recordings revenue up to £71m in 2025 despite fewer releases

Labelworx signs global distribution deal with Goldie's Metalheadz

Secretly Group celebrates first UK No.1 album as Phoebe Bridgers' Lost Weekend tops 34,000 sales

Udio and GRAI are the first AI platforms to license patents from UMG-backed Music IP Holdings

Virgin Music Group UK president Vanessa Bosåen exits after six years

Virgin Music Group's UK president Vanessa Bosåen is leaving the company, Music Week can reveal. Bosåen joined Virgin in 2021 upon its relaunch as a global label services and distribution ...

Martin Goldschmidt & Rob Collins celebrate 40 years of Cooking Vinyl

Cooking Vinyl co-founder & chairman Martin Goldschmidt and MD Rob Collins have looked back on four decades of the indie powerhouse as it celebrates its 40th anniversary. In an ...

Universal Music Poland acquires Kayax Records catalogue

Universal Music Poland has acquired the catalogue business of Polish music company Kayax Records. The deal covers the global recording rights to the label's catalogue, plus Kayax Records ...

MUSIC WEEK NEWS

Fabio & Grooverider to receive Innovator gong at AIM's Independent Music Awards

UMG strikes landmark partnership with social music platform Hook

Universal Music Group and Apple Corps unveil new long-term Beatles partnership

Frontiers Label Group appoints Rene Erwin Mata as A&R - New York

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