The chief financial officer who oversees New York City’s five public pension funds, with $242 billion in assets, has something to say to BlackRock CEO Larry Fink’s asset management firm and Jamie Dimon’s J.P. Morgan Asset Management: You guys are failing. “By caving into the demands of right-wing politicians funded by the fossil fuel industry … Read more
MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. Only MBW+ subscribers have unlimited access to these articles. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an asset class. When it … Read more
It’s official: New Mountain Capital has completed its acquisition of US performing rights organization, Broadcast Music, Inc. (BMI). NMC, which has over USD $45 billion in assets under management, confirmed in November that it will “lead a shareholder group” to acquire a majority stake in BMI. The NMC transaction was subject to approval by BMI shareholders … Read more
Warner Music Group has published its financial results for the final three months of calendar 2023. According to the company’s fiscal Q1 (calendar Q4) results for the three months ending December 31, 2023, WMG saw its quarterly global revenues reach USD $1.748 billion. A bit of housekeeping before we dig into the numbers: WMG noted that … Read more