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From the Supreme Court docket’s Cox ruling to Main Wave’s Kobalt deal… it’s MBW’s weekly round-up

by Vegas Valley News
March 28, 2026
in Business
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From BMG’s reported Harmony acquisition talks to UMG’s $3bn Anthropic lawsuit… it’s MBW’s weekly round-up
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Welcome to Music Enterprise Worldwide’s Weekly Spherical-up – the place we ensure you caught the 5 greatest tales to hit our headlines over the previous seven days. MBW’s Spherical-up is completely supported by BMI, a world chief in performing rights administration, devoted to supporting songwriters, composers and publishers and championing the worth of music.


This week, Main Wave Music introduced a definitive settlement to accumulate Kobalt from Francisco Companions.

In the meantime, the US Supreme Court docket unanimously sided with web service supplier Cox Communications in a landmark music piracy case introduced by the most important file labels.

Elsewhere, Area Capital Group closed $768 million in fairness commitments for its second leisure fund.

Additionally this week, BMG revealed its annual revenues dipped to €900 million in 2025, however the Bertelsmann-owned firm hit a file EBITDA margin of 32%. BMG‘s catalog funding topped $400 million for the yr.

And Firebird entered right into a strategic partnership with UK-based artist administration firm Goodlife Administration, the house of Fred once more.., The Blessed Madonna, Ki/Ki, and ¥ØU$UK€ ¥UK1MAT$U, amongst others.

Listed here are among the greatest headlines from the previous few days…


1. PRIMARY WAVE MUSIC TO ACQUIRE KOBALT FROM FRANCISCO PARTNERS

Main Wave Music has introduced a definitive settlement to accumulate Kobalt, which it describes as “one of many world’s premier unbiased music publishing and expertise platforms.”

The transaction contains an funding from Brookfield, a strategic accomplice to Main Wave.

Based on the businesses, the “deal creates a scaled, unbiased different to conventional publishing fashions, highlighting Kobalt’s best-in-class royalty platform, amra’s world digital assortment automobile, and Main Wave’s confirmed skill to develop the worth of legendary music IP by way of artistic advertising and different initiatives…” (MBW)


2. US SUPREME COURT SIDES WITH COX COMMUNICATIONS IN LANDMARK MUSIC PIRACY CASE BROUGHT BY RECORD LABELS

The US Supreme Court docket has dominated that web service supplier Cox Communications can’t be held answerable for music piracy dedicated by its subscribers, ending a landmark copyright case through which the most important file firms had received a $1 billion jury verdict.

The unanimous determination was handed down on Wednesday (March 25).

Justice Clarence Thomas, writing for the Court docket, mentioned that Cox “neither induced its customers’ infringement nor offered a service tailor-made to infringement.”

Commenting on the choice, Mitch Glazier, RIAA Chairman and CEO, mentioned: “We’re disenchanted within the Court docket’s determination vacating a jury’s willpower that Cox Communications contributed to mass scale copyright infringement, primarily based on overwhelming proof that the corporate knowingly facilitated theft…” (MBW)


3. AFTER TEAMING UP WITH SONY MUSIC PUBLISHING TO ACQUIRE MIRANDA LAMBERT CATALOG, DOMAIN CAPITAL CLOSES $768M ENTERTAINMENT FUND

Area Capital Group has closed $768 million in fairness commitments for its second leisure fund.

The Atlanta-based non-public funding administration agency mentioned Area Leisure Fund II focuses on investments in movie libraries, tv participation and music catalogs, with further allocations for literary works, theatrical productions and sports activities.

The agency added that Fund II contains investments with notable companions together with Paramount Photos and Sony Music Publishing, and options titles and artists together with Sonic 3, Pals, The Matrix Trilogy, Miranda Lambert and Thomas Rhett… (MBW)


4. BMG REVENUE DIPPED TO €900M IN 2025 BUT EBITDA MARGIN HIT RECORD 32% – AS CATALOG INVESTMENT TOPPED $400M

BMG generated EUR €900 million (USD $1.02bn) in annual revenues in 2025, down 6.5% YoY on a reported foundation, or down 1.5% YoY on an natural foundation.

That’s in response to a brand new set of annual fiscal outcomes from the music firm’s dad or mum, Bertelsmann, revealed on March 26.

The income decline was largely a deliberate consequence of BMG’s personal strategic selections – most notably the divestment of non-core companies in its Reside section, mixed with unfavorable overseas change actions pushed by the weaker US greenback.

BMG’s annual adjusted working EBITDA reached an all-time excessive of EUR €284 million ($321m), up 7.2% YoY in comparison with the prior yr’s file equal of €265 million… (MBW)


5. FIREBIRD ACQUIRES MAJORITY STAKE IN GOODLIFE MANAGEMENT, THE HOME OF FRED AGAIN.., THE BLESSED MADONNA, AND MORE

Firebird has entered right into a strategic partnership with UK-based artist administration firm Goodlife Administration, the house of Fred once more.., The Blessed Madonna, Ki/Ki, and ¥ØU$UK€ ¥UK1MAT$U, amongst others.

MBW understands that Firebird has acquired a majority stake within the firm.

The deal brings Goodlife founders Oliver Sasse, Lucy Sasse, Ellie Shaw, and David Watters — together with their “dynamic staff” and expertise roster — into Firebird’s increasing ecosystem of administration firms, which already contains Mick Administration (US/UK), Pink Mild Administration (US/UK), JET Administration (US), Hills Artists (US), and Particular Initiatives (UK).

Firebird mentioned the brand new partnership “considerably bolsters” its presence within the digital music panorama… (MBW)


Associate message: MBW’s Weekly Spherical-up is supported by BMI, the world chief in performing rights administration, devoted to supporting songwriters, composers and publishers and championing the worth of music. Discover out extra about BMI right here. Music Enterprise Worldwide

Tags: CourtsCoxdealKobaltMBWsprimaryRoundUprulingSupremeWavesWeekly
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