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Live Nation Q1 revenue hits $3.8B, up 12% YoY, but $450M legal accrual drives $371M operating loss
Live Nation largely attributed the loss to a $450 million legal accrual, which impacted its operating income and earnings per share by $1.93. Source...

From Wine to Diamonds, Every Major Consumer Industry Protects You From Fakes. Why Doesn’t Music?
Music supervisor and Catalog founder Frederic Schindler argues it's time for standardized 'Music Facts' labels – modeled on food nutrition panels – to make the origin of every track in the supply ...

The US Copyright Office is hiking registration fees by 43%. Independent music orgs say many artists won’t be able to afford it.
With the fee hike, independent creators could lose access to the Copyright Claims Board, a more affordable way to pursue infringement cases, the coalition said. Source...

On… Universal, Spotify, Virgin, and the ‘leakage’ causing analyst discomfort.
This article orginally appeared in Tim Ingham’s latest ‘Tim’s Take’ email, issued exclusively to MBW+ subscribers. Source...

Leslie Ahrens promoted to Managing Director & EVP Creative Latin America at Kobalt
Kobalt elevates longtime exec Leslie Ahrens to lead Latin America, as Nestor Casonu exits after 11 years. Source...

UnitedMasters hires Alessandro ‘Moz’ Moro to lead UK division; signs London acts Grace Carter and Kid Apollo
Alessandro ‘Moz’ Moro previously worked across Warner Records, Island Records, Platoon and EMPIRE. Source...

Live Nation says court ruling against ticket broker supports the company’s bid to dismiss FTC’s BOTS Act lawsuit
Live Nation argued that the Key Investment Group lawsuit is not comparable to its case as they were brought under different subparagraphs of the BOTS Act. Source...

Suno is raising another $250 million+ at a $5 billion valuation (reports)
Suno will likely raise above $250 million, the same amount that it pulled in during its Series C just six months ago, sources told Billboard. Source...