News Disney shuts down metaverse division amid restructuring – reportMove affects around 50 employees, The Wall Street Journal reported on Tuesday (March 28)
News YouTube’s Lyor Cohen to receive City of Hope 2023 Spirit of Life AwardCohen was chosen for this year’s award for his contributions to the music industry
News Hipgnosis acquires ‘Despacito’ co-writer Erika Ender’s catalogHit song was written alongside Luis Fonsi and Daddy Yankee
News Kakao officially SM Entertainment’s largest shareholder with 39.9% stake, as HYBE holds onto 8.8%News culminates months-long corporate battle against SM rival HYBE to take control of the K-Pop agency
News Diplo joins $200m funding round for Torch Capital to invest in consumer-facing startupsInvestment firm closed its first fund, which raised $60 million, in June 2015
News BMI beats rate court dispute vs concert promoters, giving songwriters 138% raise in USBMI affiliates will receive a rate that is 138% higher than the historical rate
News Apple Music Classical streaming app officially launchesApp is now available worldwide where Apple Music is offered
News Turntable LIVE raises $7m in seed round to launch social music platformRound was led by Founders Fund and f7 Ventures
News Tuned Global names Pacemaker co-founder Jonas Norberg as first Head of AICompany is also expanding its technical team in Europe
News Kakao launched a new virtual K-Pop group called MAVE, and the first single has already generated 20m streams on SpotifyVirtual group also 172,000 subscribers on YouTube
News France becomes latest country to ban TikTok on government devicesBan applies to 'recreational apps' including Twitter, Instagram and Netflix
News Epic Games to share 40% of Fortnite purchase revenue with ‘island’ creatorsEpic says that its flagship game has more than half a billion player accounts
News Cutting Edge acquires ‘major’ film music catalog from First Score Music in multi-million dollar dealCompany says acquisition gives it full master and publishing rights to more than 75 'premium' film scores
News Downtown to make layoffs across various divisions (report)Unspecified number of roles will be affected across CD Baby, Downtown Music Publishing, Songtrust and Downtown Music Holdings divisions
News Canadian singer-songwriter Corey Hart sells publishing catalog to peermusicHe has sold over 16 million records worldwide