Music business news, analysed in brief by Music Ally's Stuart Dredge and Joe Sparrow. Distributor Believe said that it is "contemplating" raising around €500m (around $608.5m) from its mooted IPO... the prospectus isn't yet public, but Believe has published some of the figures that will be key to its appeal to investors: In 2020, Believe generated €728m (886m) from 'digital music sales' and in the first quarter of 2021, the company made another €124m, up by 26% year-on-year. Joe and Stu analyse who might (alternatively) buy Believe outright, what this IPO might mean for artists, and if it changes the power balance between distributors and labels.
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