News Audacy files for bankruptcy to reduce debt load by $1.6 billion The company's debt-for-equity swap effectively wipes out current investors, and the company is delisting from the NYSE.
News SoundCloud gears up for sale with potential $1bn+ price-tag (report) Raine Group and Temasek reportedly looking at banks to handle sale process
News Zayn Malik copyright lawsuit faces potential dismissal as Sony Music moves to strike portions (Report) The dismissal motion argues the lawsuit lacks specific examples of similarities between Zayn's 'Better' and the allegedly infringed track.
News TikTok aims for tenfold growth in US e-commerce business to $17.5B, challenging Amazon and Chinese rivals (Report) TikTok sister company Douyin pioneered the combination of short-form video with e-commerce sales in the Chinese market.
News Christina Aguilera inks global representation deal with UTA Aguilera, the recipient of seven Grammys, recently launched a residency in Las Vegas' Venetian Resort.
News The UK recorded music market saw 179.6 billion audio streams last year – up 12.8% YoY The BPI has previously confirmed that there were 159.3 billion audio streams in the UK in 2022
News New York AG sues SiriusXM over alleged ‘trapping’ of consumers in ‘unwanted subscriptions’ New York state's top law enforcer alleges SiriusXM is breaking the law by making it difficult to cancel subscriptions.
News Iron Horse SPAC raises $69M in Nasdaq IPO, eyes diverse media and entertainment deals The successful IPO comes after the blank-check company withdrew plans for a $100-million IPO in October.
News BLACKPINK members end solo contracts with K-Pop agency YG Entertainment YG Entertainment's share price dropped 6.6% on the Seoul exchange following the news.
News Anghami’s subscriber base grows 17% in Q3 2023, to 1.73M The Middle East and North Africa-focused music streaming service has seen ad revenue soar by 28%.
News Social music marketing startup Breakr raises $1.9m in fresh capital Company has raised $8.7 million to date and has reportedly paid out $3.5 million to creators
News Microsoft’s AI chatbot Copilot can now compose songs from text prompts via integration with generative music app Suno Copilot users can now input simple verbal prompts, and Suno will produce a song for them, complete with lyrics, instrumentals and even singing voices.
News LyricFind acquires Rotor Videos and partners with CD Baby, expanding video creation push The lyric-licensing company is significantly expanding its video creation tools with the acquisition of Belfast-based Rotor Videos.
News European Music Managers Alliance deepens partnership with YouTube Music EMMA is an umbrella group of music manager organizations across Europe, representing some 2,000 managers.
News Grimes partner CreateSafe inks AI music creation and distribution partnership with SOUNDS.STUDIO SOUNDS.STUDIO will integrate TRINITI's AI technology into its platform, allowing users to create and distribute music all in one place.