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Indonesians Hoist Anime Pirate Flag in Protest During Independence Day Celebrations | Protests in Focus

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Medan, Indonesia – Indonesia is celebrating 80 years of independence from Dutch colonial rule, but not everyone is in a celebratory mood, and an unusual protest movement has rallied around a cartoon pirate flag.

The flag, which features a skull and crossbones wearing a straw hat, has been spotted adorning homes, cars, trucks, motorcycles and boats across Indonesia.

Popularised by the hit Japanese anime One Piece, the flag has even been flown beneath the Indonesian flag – known as the merah-putih (red and white) – which is widely raised throughout the month of August in the lead-up to Independence Day on Sunday.

In the anime series, which was adapted by Netflix in 2023, the hatted skull and crossbones flag is used by adventurer Monkey D Luffy – who one day hopes to become a pirate king – and is seen as a sign of hope, freedom and a pushback against authoritarianism.

In Indonesia, the flag has been raised as a sign of protest amid increasing public frustration with the government.

“Rising prices, difficulties in getting a job and the incompetencies of the government have prompted the people to use satire and sarcasm,” Radityo Dharmaputra, a lecturer in international relations at Airlangga University in Surabaya, told Al Jazeera.

Raising the pirate flag is a sign of “growing dissatisfaction in society, even with all the so-called progress that the government has claimed”, Dharmaputra said.

Prabowo Subianto was sworn in as the new president of Indonesia in October, promising fast economic growth and social change in this country of almost 286 million people.

But Southeast Asia’s largest economy and most populous democracy is faltering.

A graffiti of the pirate flag from Japanese anime One Piece, adopted by some Indonesians as a symbol of frustration with their government, is seen on a street in Sukoharjo, Central Java, on August 6, 2025 [Dika/AFP]

‘A symbol of my disappointment and resistance’

Indonesia has one of the highest youth unemployment rates in Southeast Asia, with an estimated 16 percent of the 44 million Indonesians aged 15-24 unemployed, while foreign investors are pulling capital out of the country and the government is cutting the budget.

In a survey published by the ISEAS-Yusof Ishak Institute in Singapore in January, about 58 percent of young Indonesians said they were optimistic about the government’s economic plans, compared with an average of 75 percent across five other countries in the region – Thailand, Malaysia, Singapore, the Philippines and Vietnam.

Before the flag protest, in February, the “Indonesia Gelap” or “Dark Indonesia” movement gained momentum, with citizens using the #IndonesiaGelap hashtag on social media to vent their frustrations about the future of the country following widespread budget cuts and proposed changes in legislation allowing the military to have a greater role in the government.

The online protest was followed by student demonstrations, which erupted across a number of cities.

President Prabowo accused the Dark Indonesia movement of being backed by “corruptors” bent on creating pessimism in the country.

“This is fabricated, paid for, by whom?” Prabowo said, according to Indonesian news outlet Tempo.

“By those who want Indonesia to always be chaotic, Indonesia to always be poor. Yes, those corruptors are the ones financing the demonstrations. Indonesia is dark, Indonesia is dark. Sorry, Indonesia is bright, Indonesia’s future is bright,” the president said.

Kemas Muhammad Firdaus, 28, paints a mural depicting a Jolly Roger from the popular Japanese anime and manga series 'One Piece' in Bekasi, West Java province, Indonesia, August 7, 2025. REUTERS/Ajeng Dinar Ulfiana
A graffiti artist paints a mural depicting a Jolly Roger from the popular Japanese anime and manga series One Piece in Bekasi, West Java province, Indonesia, on August 7 , 2025 [Ajeng Dinar Ulfiana/Reuters]

Adi*, a truck driver in the city of Malang in East Java, told Al Jazeera that he has been flying the anime pirate flag on the side of his truck for the past three weeks.

“Many, many people have been flying it in East Java. To me, it is a symbol of my disappointment and resistance against the government,” he said.

Adi said that he had long been frustrated, but that the flag had provided him with a new way of displaying this frustration.

Members of his family had died, Adi said, when police fired tear gas into the Kanjuruhan Stadium in East Java’s Malang city on October 1, 2022, following what police claimed was a pitch invasion by fans at the end of a football match.

This tear gas led to panic and a crowd crush at locked exit gates that killed 135 people.

Three police officers and two match officials were prosecuted for their roles in the tragedy, one of the worst in international footballing history.

“I am disappointed by the lack of justice for the victims of Kanjuruhan. Until now, we have received none of the restitution we were promised. I am also disappointed by other problems in Indonesia, including rising prices,” he said.

‘An attempt to divide unity’

The One Piece pirate flag has caught the attention of the government, with Budi Gunawan, the coordinating minister for political and security affairs, warning that authorities would take “firm action” if the flag was flown on Sunday’s Independence Day.

“There will be criminal consequences for actions that violate the honour of the red and white flag,” he said.

Indonesia’s Deputy House Speaker Sufmi Dasco Ahmad branded the hoisting of the pirate flag an attempt to deliberately sow dissent.

“We have detected and received input from security agencies that there is indeed an attempt to divide unity. My appeal to all the nation’s children is to unite and fight against such things,” he said.

Yohanes Sulaiman, a lecturer in international relations at Jenderal Achmad Yani University, told Al Jazeera that the government’s warnings were likely an attempt to clamp down on the show of symbolic dissent.

“I suspect they didn’t know how Prabowo would react and thus thought it better to show their loyalty and take the extreme position than be sorry later,” Sulaiman said.

The government threats had “backfired spectacularly”, he said, adding that it was left looking like a “laughing stock”.

“Saying that the flag has the potential of breaking apart the nation is too much. It is hyperbolic and nobody takes it seriously,” he said.

A worker holds a replica of the pirate flag from Japanese anime One Piece, made for sale as some Indonesians adopt the symbol from a story about resisting a corrupt world government to express frustration with their own, at a T-shirt workshop in Karanganyar, Central Java, on August 6, 2025, ahead of the country’s 80th Independence Day. As Indonesia's independence day approaches red and white flags will be flown across the country, but a viral anime pirate banner has drawn government threats against flying the swashbuckling ensign. A Jolly Roger skull and bone symbol topped with a straw hat from Japan's anime series 'One Piece' has caused concern among officials in Jakarta that it is being used to criticise President Prabowo Subianto's policies. (Photo by DIKA / AFP) / TO GO WITH 'INDONESIA-POLITICS-PROTEST-ANIME, FOCUS' BY DESSY SAGITA & JACK MOORE
A worker holds a replica of the pirate flag from Japanese anime One Piece, made for sale as some Indonesians adopt the symbol from a story about resisting a corrupt world government to express frustration with their own, at a T-shirt workshop in Karanganyar, Central Java, on August 6, 2025 [Dika/AFP]

Sulaiman said the origins of the flag’s use in Indonesia could be traced back to truck drivers.

“Truckers were the ones first flying it to protest a recent regulation that forbade overweight trucks from hitting the road. If the government had just ignored it, the flag would have ended up on the back of trucks and nobody would have taken it seriously,” Sulaiman said.

“But, they had to make it about a national threat, a threat to national unity and disrespect of the national flag,” he said.

He added that the increased visibility of the pirate flag comes at a sensitive time in Indonesia – ahead of Independence Day – which is traditionally a moment for the government and the public to celebrate.

Ian Wilson, a lecturer in politics and security studies at Murdoch University in Perth, Australia, said the flag furore demonstrated “sensitivity around perceptions of popularity” in the current government.

The flag as a symbol of protest appeared to be a more fragmented movement than recent and historical protests in Indonesia, Wilson said, which have traditionally been largely driven by students.

“Students are a more singular group, but this is a more dispersed phenomenon across different groups and parts of the country, which is indicative of widespread dissatisfaction. It touches a nerve due to the diffused representation,” he said.

“We are seeing this phenomenon in places like villages and by regular people in semi-rural areas, which are not conventional sites of dissent in Indonesia,” he added.

‘An expression of creativity’

According to reports by local Indonesian media, anime pirate flags have been seized in raids by authorities in East Java, while citizens found displaying them have been questioned in the Riau Islands.

So far, no one has been criminally charged, as flying the pirate flag is not technically illegal.

Usman Hamid, Amnesty International Indonesia’s executive director, said the raids were “a flagrant violation of the right to freedom of expression”.

“Raising an anime flag is not ‘treason’ or ‘propaganda to disunite the country’, as suggested by government officials,” Hamid said in a statement.

“Authorities, including lawmakers, must stop harassing people by threatening them with jail terms for ‘disrespecting the national flag’ and ‘treason’ if they raise One Piece flags,” he added.

A pirate flag from the Japanese anime One Piece, installed a week earlier to follow an internet trend using the symbol to criticise government policies, is seen at a house in Solo, Central Java, on August 7, 2025, ahead of the country ' s 80th Independence Day. As Indonesia's independence day approaches red and white flags will be flown across the country, but a viral anime pirate banner has drawn government threats against flying the swashbuckling ensign. A Jolly Roger skull and bone symbol topped with a straw hat from Japan's anime series 'One Piece' has caused concern among officials in Jakarta that it is being used to criticise President Prabowo Subianto's policies. (Photo by DIKA / AFP) / TO GO WITH 'INDONESIA-POLITICS-PROTEST-ANIME, FOCUS' BY DESSY SAGITA & JACK MOORE
A pirate flag is seen at a house in Solo, Central Java, on August 7, 2025 [Dika/AFP]

Truck driver Adi told Al Jazeera that he had seen no indications that the government’s threats had had any impact on those flying the flag and that they could still be seen prominently on display across East Java – both on trucks and buildings.

“Why would I be scared of any sanctions?” Adi asked.

The president’s office has denied any involvement in the police confiscating flags or questioning civilians.

For his part, Prabowo – a retired army general who oversaw crackdowns on the 1998 student protests that precipitated the fall of the country’s longtime dictator President Soeharto – said that the flag was “an expression of creativity”.

Murdoch University’s Wilson said that the government had perhaps been rattled by the Dark Indonesia protests, which came early on in Prabowo’s presidency.

“No one wants that at the start [of a presidency], as they are trying to generate optimism,” Wilson said.

“But now, further down the track, people have some serious issues with government performance,” he said.

*Adi is a pseudonym as the interviewee did not want his name revealed for personal safety reasons when criticising the government.

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80 Years On, Royals and Veterans Commemorate VJ Day

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The King and Queen led a two-minute silence at a service in Staffordshire to commemorate 80 years since VJ Day.

Among the attendees were veterans, some of whom participated in the ceremony by laying wreaths and giving readings.

VJ Day, or Victory over Japan Day, is marked each year on 15 August – the date in 1945 when Japan surrendered to the Allied forces and World War Two ended.

General Counsel of Centessa Pharma sells $103,000 worth of shares

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Centessa Pharma general counsel sells $103k in shares

Trump and Putin Avoid Questions Prior to Alaska Joint Press Conference | Military

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NewsFeed

US President Trump and Russian President Putin began talks on the war in Ukraine at a US military base in Anchorage, Alaska, meeting with aides in front of a “Pursuing Peace” backdrop. They ignored reporters’ questions during a photo opportunity ahead of a joint press conference.

Research warns that Trump’s proposed Social Security tax cuts may have a devastating impact on future generations and lead to the program’s insolvency by 2032.

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Despite presidential proclamations, Social Security’s financial outlook is more troubled than ever.

A new report from the Committee for a Responsible Federal Budget (CRFB) warns that as Social Security turns 90, it’s “racing towards involvency,” with its retirement trust fund projected to become insolvent by late 2032, just seven years from now. For a typical dual-earner couple retiring just after insolvency, this would mean an $18,400 reduction in annual benefits.

Prior to Trump’s tax cuts, program trustees estimated insolvency around 2034. With the new tax changes, several independent analyses, including by the CRFB, now suggest the trust fund could run dry as early as 2032. When this happens, all beneficiaries would face an immediate and automatic benefit cut of around 24%, unless Congress acts to shore up the system.

Eliminating federal income taxes on Social Security benefits reduces program revenues by approximately $1.05 trillion to $1.45 trillion over a 10-year period (2025–2035). The lower figure is a Congressional Budget Office (CBO) estimate; the higher end comes from Penn Wharton.

Why the urgency? Social Security faces multiple long-term challenges:

  • Demographic crunch: Fewer workers support more retirees. The worker-to-retiree ratio has plunged from 16.5:1 in 1950 to 2.7 as of 2023, straining payroll tax inflows.
  • Longer lifespans: Americans are living longer, collecting decades of benefits.
  • Declining birthrates and slowing immigration: Both trends reduce future payroll tax contributions.
  • Political stalemate: Lawmakers repeatedly deadlock on fixes like raising payroll taxes, increasing the retirement age, or trimming benefits.

What Americans need to know

The headlines about reducing Social Security taxes offer short-term relief, but Americans should also consider the long-term arithmetic. Social Security is not at risk of vanishing outright — payroll taxes will keep partial payments flowing — but absent reforms, retirees could see sharp benefit cuts within a decade. The changes Trump signed will put more money in seniors’ pockets now, but may worsen the program’s finances for their children and grandchildren.

Key takeaways:

  • Seniors will pay less (often no) federal tax on Social Security, starting now.
  • The solvency crisis is now likely to arrive sooner — with potential benefit cuts by 2032 unless new revenue or reforms are enacted.
  • Younger Americans may face higher payroll taxes, later retirement ages, or both, to sustain future benefits.
  • The political fight over a permanent fix has just begun, and voters should watch closely for real solutions, not just campaign slogans.

While Social Security remains a safety net for approximately 70 million Americans, it stands at a crossroads — and despite the presidential optimism, its long-term stability depends on tough choices that Washington, so far, has chosen to avoid.

For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. 

Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list.

Ukrainians on the sidelines watch as Trump and Putin meet for talks in Alaska

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Joel Gunter

Reporting from Kyiv

EPA Ukrainians, including families of prisoners of war (POWs) and missing persons, participate in a rally called 'No land swap! We demand POW swap all-for-all' in front of the US embassy in Kyiv, Ukraine - a medium sized group of people are visible, all holding up signs, some in English and some in Ukrainian - one woman holds a sign saying 'No Trust to Putin as International Criminal!' - many of the protesters are holding up Ukrainian flags EPA

Five thousand miles from Alaska, and feeling left out, Ukrainians were bracing themselves on Friday for the outcome of negotiations to which they were not invited.

The talks, between US President Donald Trump and his Russian counterpart Vladimir Putin, will begin later in the day with no seat for the Ukrainian president Volodymyr Zelensky.

Trump signalled earlier this week that “land swaps” could be on the table – largely interpreted to mean the surrender of Ukrainian land to Russia.

In Ukraine, where polls consistently show that about 95% of the population distrusts Putin, there is a uneasy mix of deep scepticism about the talks and deep fatigue with the war.

“This question touches me directly,” said Tetyana Bessonova, 30, from Pokrovsk – one of the eastern cities whose future is in question if land were surrendered to Russia.

“My hometown is on the line of fire. If active fighting stops, would I be able to return?” she said.

Questions of negotiations, of land swaps, of the redrawing of boundaries were deeply painful to those who grew up in the affected regions, Bessonova said.

“This is the place I was born, my homeland,” she said. “These decisions might mean I could never go home again. That I and many others will lose all hope of return.”

The French President, Emmanuel Macron, said on Wednesday that Trump had agreed on a call with European leaders that no territorial concessions would be made without Ukraine’s approval. And Trump has said he intends to hold a second summit with Zelensky present, before anything is agreed.

But Trump can be unpredictable. He is often said to favour the views of the person he spoke to most recently. So there is little faith in Ukraine that he won’t be swayed by Putin, particularly in a one-on-one meeting.

The very fact of the closed door meeting was bad for Ukraine, said Oleksandr Merezhko, a Ukrainian MP and chair of the country’s parliamentary committee on foreign affairs. “Knowing Trump, he can change his opinion very quickly. There is great danger in that for us.”

Merezhko said he feared that, such was Trump’s desire to be seen as a dealmaker, he may have privately made advance agreements with the Russians. “Trump doesn’t want embarrassment, and if nothing is achieved, he will be embarrassed,” the MP said. “The question is, what could be in those agreements?”

Various possibilities have been suggested for arrangements that could lead to a ceasefire, from a freezing of the current frontlines – with no formal recognition of the seized territory as Russian – to a maximalist position of Russia annexing four entire regions in eastern and southern Ukraine.

Polls suggest that about 54% of Ukrainians support some form of land compromise in order to hasten the end of the war, but only with security guarantees from Ukraine’s international partners. So deep and widespread is the distrust of Russia, that many believe an agreement to freeze the frontlines without security guarantees would simply be an invitation to Russia to rest, rearm, and reattack.

“If we freeze the frontlines and cede territories it will only serve as a platform for a new offensive,” said Volodymyr, a Ukrainian sniper serving in the east of the country. In accordance with military protocol, he asked to be identified only by his first name.

A map showing areas of control in Ukraine.

“Many soldiers gave their lives for these territories, for the protection of our country,” Volodymyr said. “A freeze would mean demobilization would begin, wounded and exhausted soldiers would be discharged, the army would shrink, and during one of these rotations the Russians would strike again. But this time, it would be the end of our country.”

Across Ukraine, people from all walks of life were making very tough decisions about the reality of their future, said Anton Grushetsky, the director of the Kyiv International Institute of Sociology, which regularly polls the population about the war.

One of the toughest decisions was whether to accept the idea of giving de facto control of some Ukrainian soil to Russia, he said. “It’s 20% of our land and these are our people. But Ukrainians are showing us that they are flexible, they are telling us that they will accept various forms of security guarantees.”

According to the institute’s polling, 75% of Ukrainians are totally opposed to giving Russia formal ownership of any territory. Among the remaining 25%, there were some people who were pro-Russian, Grushetsky said, and some who were simply so fatigued by the war that they felt hard compromises were necessary.

“My belief is that the war should be stopped in any way possible,” said Luibov Nazarenko, 70, a retired factory worker from Donetsk region, in Ukraine’s east.

“The further it goes, the worse it becomes,” she said. “The Russians have already occupied the Kherson region and they want Odesa. All this must be stopped, so the youth do not die.”

Nazarenko has a son who is not yet fighting but could be called up. She said she believed that three years into the war, with hundreds of thousands of dead and wounded on the Ukrainian side alone, the preservation of life superseded all concerns over land.

“I just don’t want people to die,” she said. “Not the youth, not the old people, not the civilians who live on the frontline.”

On Friday, as the clock ticked down to the beginning of the talks in Alaska, Ukrainians were celebrating a holy day – the day of the Assumption of the Blessed Virgin Mary. It is the day when she is believed to listen to the prayers of all who need her.

A picture showing the inside of St Michael's Monastery where a number of candles are being lit and a number of people are seen inside the ornate, gold lined church interior

Priest Oleksandr Beskrovniy said it was hard to find words to describe the unfairness of the talks

At St Michael’s Monastery, a church in central Kyiv, priest Oleksandr Beskrovniy was leading a prayer service for several dozen people. Afterwards, he said it was hard to find words to describe the unfairness of the coming talks, but called it a “great injustice and madness” to leave Zelensky out.

Like others, the priest recognised the grim reality facing Ukraine, he said – that it was not in a position to recapture its stolen territory by force. So some deal needed to be made. But it should be thought of less in terms of land, Beskrovniy said, and more in terms of people.

“If we are forced to cede territory – if the world allows this – the most important thing is that we gather all of our people. The world must help us get our people out.”

In his prayers on Friday, the priest did not refer directly to the talks in Alaska, he said – “no names or places of meetings”.

But he prayed for the future strength of Ukraine, he said. “On the frontline, and in the diplomatic space.”

Additional reporting by Daria Mitiuk.

MBW’s Weekly Round-Up: Chord Music Partners Raises Over $2 Billion, UMG Faces Lawsuit Drama with Drake

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Welcome to Music Business Worldwide’s Weekly Round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s Round-up is exclusively supported by BMI, a global leader in performing rights management, dedicated to supporting songwriters, composers and publishers and championing the value of music.


This week, Chord Music Partners secured over $2 billion in investable capital with another $1 billion+ expected, marking a major milestone for the UMG-backed music rights investment vehicle.

Meanwhile, Universal Music Group CEO Sir Lucian Grainge fired back at Drake’s defamation lawsuit, calling the rapper’s claims “ridiculous” and “groundless” while confirming Universal’s massive investments in Drake’s career.

Elsewhere, Kobalt inked a direct licensing deal with Spotify in the US, joining Universal and Warner in bypassing the controversial audiobook ‘bundling’ payment structure.

Also this week, Tencent Music revealed its ‘Super VIP’ subscriber tier has reached 15 million users, driving significant revenue growth in China’s streaming market.

Here are some of the biggest headlines from the past few days…


1. EXCLUSIVE: CHORD MUSIC PARTNERS RAISES $2 BILLION+ IN INVESTABLE CAPITAL… WITH ANOTHER $1 BILLION+ ON THE WAY

Chord Music Partners has raised over $2 billion in investable capital via a funding round due to close in October, with sources expecting an additional $1 billion to $2 billion before completion. The round has been fueled by equity investments from family offices and pension funds across Europe and the US, with Universal Music Group maintaining its ~26% share through an incremental €30 million investment.

Searchlight Capital Partners has been confirmed as a new investor. MBW understands that Searchlight has contributed $400 million to Chord in equity investment.

Chord has been “deliberately quiet” about deals over the past year, though nine-figure agreements have leaked including a Morgan Wallen acquisition reportedly worth north of $200 million. The company’s portfolio includes music from The Weeknd, Lorde, David Guetta, and other major artists, with publishing rights administered through UMPG and recorded music through Virgin Music Group… (MBW)


2. UMG’S SIR LUCIAN GRAINGE REFUTES ‘RIDICULOUS’ CLAIMS IN DRAKE LAWSUIT, CONFIRMS UNIVERSAL BOUGHT STAR’S RECORDED MUSIC AND PUBLISHING CATALOGS

Universal Music Group CEO Sir Lucian Grainge has filed a sworn declaration pushing back against Drake’s attempts to force him to provide documents in the rapper’s defamation lawsuit. Grainge describes the artist’s claims in that suit as “farcical” and “groundless.”

In the declaration, filed on August 14 in the US District Court for the Southern District of New York and obtained by MBW, Grainge states that he “had never heard the recording ‘Not Like Us,’ nor ever saw the corresponding cover art or music video, until after they were released by Interscope Records.”

Adds Grainge: “Whilst, as part of my role, I certainly have financial oversight of and responsibility for UMG’s global businesses, the proposition that I was involved in, much less responsible for, reviewing and approving the content of ‘Not Like Us’, its cover art or music video, or for determining or directing the promotion of those materials, is groundless and indeed ridiculous…”… (MBW)


3. KOBALT INKS DIRECT LICENSING DEAL WITH SPOTIFY IN THE US

Spotify and Kobalt have signed a direct, multi-year licensing agreement covering the United States. The agreement marks Spotify’s latest direct deal with a prominent music publisher and moves its agreement with Kobalt beyond the traditional CRB model in the US.

This means that Kobalt’s direct deal supersedes the audiobook bundling‘ payment structure that, starting in March last year, saw Spotify dramatically cut the rate of mechanical royalties paid to publishers and songwriters in the US.

Since then, Universal Music Publishing Group and Warner Chappell Music have signed direct licensing deals with Spotify that override the CRB bundling discount. Sony Music Publishing is the largest outstanding player on SPOT’s list of potential direct licensing deals. MBW understands that Spotify is currently in discussions with the company about a new deal.

Kobalt claims to be the world’s largest independent music publisher, serving over 1 million songs across 10 global offices… (MBW)


4. TENCENT MUSIC NOW HAS 15 MILLION ‘SUPER VIP’ SUBSCRIBERS

Tencent Music Entertainment revealed its premium ‘Super VIP’ tier has reached 15 million subscribers, representing 12% of the company’s total 124.4 million paying music users and driving significant revenue growth in Q2 2025. The milestone represents strong growth from 10 million SVIP subscribers reported in Q3 2024, with users paying approximately RMB 40 ($5.58) monthly compared to the standard RMB 8 ($1.12) subscription.

TME’s music subscription revenues reached RMB 4.38 billion ($611 million) in Q2, representing 17.1% YoY growth, while monthly ARPPU increased 9.3% YoY to RMB 11.7 ($1.63). The SVIP tier offers premium sound quality, exclusive digital albums, priority concert ticket access, and collectible ‘star card’ series with artists like JC-T, Silence Wang, and aespa.

Despite total monthly active users declining 3.2% YoY to 553 million, TME’s focus on premium monetization through SVIP memberships has driven overall profitability. The company’s total revenues reached RMB 8.44 billion ($1.18 billion) in Q2, up 17.9% YoY, with music operations now accounting for 81% of total quarterly revenues compared to 76% in the same period last year… (MBW)


5. WARNER MUSIC GROUP JUST WROTE DOWN THE VALUE OF EMP BY $70M. IS A SALE ON THE CARDS?

Warner Music Group may be preparing to sell EMP Merchandising, the European rock and metal merchandise e-retailer it acquired for USD $180 million in 2018.

That’s according to clues in WMG’s latest earnings press release and quarterly SEC filing, spotted by MBW.

The quarterly filing, covering the three months ended June 30, 2025, reveals a USD $70 million pre-tax impairment charge on “long-lived assets associated with certain of [WMG’s] non-core e-tailer operations” – following what Warner describes as a “triggering event”.

In previous Warner annual filings, only one subsidiary is referred to as an “e-tailer”: EMP…. (MBW)


Partner message: MBW’s Weekly Round-up is supported by BMI, the global leader in performing rights management, dedicated to supporting songwriters, composers and publishers and championing the value of music. Find out more about BMI hereMusic Business Worldwide

Anna Hopkin and Luke Greenbank, Olympic medalists, reveal they are engaged

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By Charlotte Wells on SwimSwam

British Olympic swimming medalists Anna Hopkin and Luke Greenbank announced their engagement on Instagram earlier this week.

“Little life update…” Hopkin wrote under the post, adding the date of their engagement as she showcased her ring.

The swimming power couple has been together for almost four years, first going public on social media in November 2021.

Hopkin made her Olympic debut at the Tokyo Games, where she was part of Great Britain’s gold medal-winning mixed 4×100 medley relay. In addition to bringing home a gold medal, she also placed 5th in the women’s 4×100 free relay and 7th in the 100 free in Tokyo.

Hopkin competed in Paris last summer, but did not pick up any medals at the 2024 Olympics. Her highest placing performances were the mixed 4×100 medley relay and the women’s 4×100 free relay, finishing 7th in both, while she placed 10th in the 50 free and 11th in the 100 free.

A fellow member of Team GB, Greenbank also made his Olympic debut in Tokyo, where he picked up two medals. He earned silver as part of the men’s 4×100 medley relay and won bronze in the 200 back.

Greenbank’s performance in Tokyo made him the first British athlete to win an Olympic medal in the men’s 200 back.

He clocked another first for Team GB two years earlier in 2019, having helped bring home his country’s first gold medal in the men’s 4×100 medley relay at the World Championships in Gwangju.

The pair have been making waves on the international racing scene for several years now, racking up plenty of hardware between the two of them. Together, Greenbank and Hopkin have accumulated three Olympic medals, six World Championships medals, 11 European Championships medals and eight Commonwealth Games medals. That tally includes nine golds, seven silver and 13 bronze medals.

Hopkin attended the University of Bath before transferring to the University of Arkansas in 2018 for her junior and senior year. While swimming for the Razorbacks, she broke six individual team records and two relay records.

Hopkin was recognized with an MBE at the 2022 New Year Honours for services to swimming.

Hopkin announced her retirement from competitive swimming back in December, while Greenbank is still an active competitor for Great Britain and raced at the World Championships in Singapore a few weeks ago, where he placed 8th in the 200 back.

Read the full story on SwimSwam: Olympic Medalists Anna Hopkin and Luke Greenbank Announce Engagement

Proteins concealed in DNA could pave the way for novel obesity medications

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Tiny “hidden” proteins lurking in DNA once dismissed as junk may hold the key to the next generation of obesity drugs, according to a new study that has uncovered dozens of new fat-regulating molecules using cutting-edge gene-editing technology.

GLP-1 drugs like Ozempic and Wegovy have taken the weight loss world by storm. And they’ve started a revolution to discover other drugs that are effective at treating obesity, the worldwide prevalence of which has more than doubled since 1990, and that is closely associated with diseases such as diabetes and heart disease.

In their search for a new obesity treatment strategy, researchers from the Salk Institute for Biological Studies in California have used CRISPR/Cas9 gene editing technology to closely examine an understudied class of molecules once thought to be junk: microproteins. They’ve presented their findings in a recently published study.

“CRISPR screening is extremely effective at finding important factors in obesity and metabolism that could become therapeutic targets,” said the study’s co-corresponding author, Professor Alan Saghatelian, head of the Salk Institute’s Clayton Foundation Peptide Biology Laboratories, otherwise known as the Saghatelian Lab. “These new screening technologies are allowing us to reveal a whole new level of biological regulation driven by microproteins. The more we screen, the more disease-associated microproteins we find, and the more potential targets we have for future drug development.”

Microproteins are tiny proteins, often made from “small open reading frames” (smORFs) – previously overlooked sections of our DNA once thought to be junk – that can have surprisingly big effects on how the body works. They’re typically less than 100 amino acids long, but they can act like switches or fine-tuners for important biological processes such as controlling how cells grow, how they use energy, how the immune system responds, or how tissues develop. In health, microproteins help keep body systems balanced, but when they’re missing, overactive, or faulty, they can contribute to diseases ranging from metabolic disorders and cancer to heart disease and immune problems. GLP-1 is a peptide that’s small enough to be considered a microprotein, according to the researchers.

Adipocytes, or fat cells, with their lipid-transporting vesicles stained red

In the present study, the researchers used CRISPR/Cas9 gene editing to screen thousands of genes in mouse fat cells, or adipocytes, to see which ones might produce microproteins that influence fat cell growth (proliferation) and fat storage. From this massive screen, they identified dozens of potential microproteins. From that shortlist of 38 candidates, one microprotein, called Adipocyte-smORF-1183, actually affected how fat cells develop and store fat.

“We wanted to know if there was anything we had been missing in all these years of research into the body’s metabolic processes,” said lead and co-corresponding author Victor Pai, a postdoctoral researcher in Saghatelian’s lab. “And CRISPR allows us to pick out interesting and functional genes that specifically impact lipid accumulation and fat cell development. We’re not the first to screen for microproteins with CRISPR, but we’re the first to look for microproteins involved in fat cell proliferation. This is a huge step for metabolism and obesity research.”

While Adipocyte-smORF-1183 can still only be considered a “potential” obesity treatment at this stage, its discovery points toward a new class of drug targets that could work differently from current treatments, be more precise, reduce unwanted side effects, and open the door to “microprotein-based” therapies for obesity and metabolic disorders. Nonetheless, the takeaway message from this research is that we may be standing on the edge of discovering new obesity drugs from the parts of our DNA we once thought were useless.

Next steps will include repeating the process using human fat cells to identify microproteins that could be directly relevant for human treatments, and to continue working through the shortlist of 38 microproteins identified by the researchers.

“That’s the goal of research, right?” Saghatelian said. “You keep going. It’s a constant process of improvement as we establish better technology and better workflows to enhance discovery and, eventually, therapeutic outcomes down the line.”

The study was published in the journal Proceedings of the National Academy of Sciences (PNAS).

Source: Salk Institute