Music Business News Last Week: Growth, Controversies, Layoffs

Music business news last week was a busy week by any definition, the music industry was no exception, with strong Threads growth, the potential fall of TikTok, DistroKid and TIDAL layoffs, AI cultural theft, and more…

Music Business News Last Week

• Threads passes 275M users monthly, 3.29B use Meta apps daily
• Why a TikTok Shutdown is Closer Than Ever
• DistroKid lays off 37 workers, decimating US Artist Relations team
• 25% of TIDAL laid off as Jack Dorsey signals return to ‘startup’ mode
• Statement on AI Training signals Appropriation and Cultural Theft [Chris Castle]
• 50,000 Oasis tickets CANCELLED, Live Nation endorses resale price cap
• An international Hair Metal comeback is here!