Independent music company EMPIRE has elevated Vinny Kumar to president of its publishing division while establishing operations across Africa under new managing director Munyaradzi Chanetsa. Kumar will direct the worldwide publishing team from the San Francisco headquarters as the firm extends its reach into additional international territories. The promotion follows EMPIRE Publishing’s arrival in Billboard’s…
Reservoir Media posted revenue gains of 12 percent during its most recent quarter as the company raised its annual financial targets following its purchase of Miles Davis catalog rights. The music rights firm generated $45.4 million during the three months that concluded at the end of September. Publishing operations brought in $30.9 million while recorded…
Live Nation Entertainment achieved another quarterly record during the three months ending in September, posting an 11 percent jump in revenue to reach $8.5 billion compared with $7.65 billion during the same period last year. The entertainment conglomerate attracted more than 51 million attendees worldwide during the third quarter while stadium performances surged 60 percent…
London-based music rights firm Bella Figura Music has tapped industry veteran Gary Gersh as chairman while securing a worldwide administration partnership with Sony Music Publishing as part of its American expansion. The company has invested nearly $160 million in acquiring publishing and recording rights since its launch by former BMG UK President Alexi Cory-Smith. Gersh…
Danish music rights organization Koda has filed a copyright lawsuit against AI music generator Suno, alleging the company trained its artificial intelligence model on protected musical works without authorization or compensation. The organization represents more than 52,000 composers, songwriters and music publishers. Koda brought the case before Copenhagen City Court on Monday, marking the first…
Zimbabwe’s finance minister has backed a plan to allow citizens to possess gold, saying authorities need to act quickly on establishing the necessary framework for implementation. Finance Minister Mthuli Ncube voiced support for the initiative during a parliamentary budget seminar held on Wednesday in Bulawayo. He responded to Zanu-PF spokesperson Christopher Mutswangwa, who advocated for…
Zimbabwe has achieved middle-income status based on daily spending patterns that average above $9 per person, Finance Minister Mthuli Ncube told attendees at a budget planning workshop in Bulawayo. The nation remains positioned to reach upper middle-income classification by 2030, according to government projections under its development framework. Speaking at the 2026 pre-budget conference, Ncube…
Prospect Resources Limited has agreed to sell its Step Aside Lithium Project in Zimbabwe to Fatima Resources Pty Ltd for $2.2 million. The Australian mineral exploration company will receive $850,000 immediately and another $150,000 six months later, with an additional $1.2 million payment tied to development goals that must be reached within two years. The…
Zimbabwe’s High Court will hear arguments on Nov. 12 regarding a corporate rescue petition for RioZim Limited, a mining company facing potential liquidation. Workers applied to the Zimbabwe Diamond & Allied Minerals Workers union on July 7, with union secretary general Justice Chinhema requesting expedited proceedings after nearly four months of delay. Financial records show…
Zimbabwe’s tobacco regulatory authority attributes declining farmer enrollment figures to its new fingerprint-based registration system rather than industry problems. The Tobacco Industry and Marketing Board has recorded 117,558 registered growers for the upcoming season, representing a 29 percent drop from previous totals, with significant decreases appearing in Mashonaland East and Central provinces. Chief Executive Emmanul…
