News Insomniac Music partners with Slip.stream to provide ‘claim-free’ music to 200k+ creators, brands, businesses Slip.stream is backed by Sony Music Entertainment, Third Prime and Lightshed Ventures
News $100 million-backed, Asia-focused music fund blackx buys catalog of Taiwanese songwriter Frances Wang The deal is among the first of blackx’s catalog purchases in Asia after the fund launched in late September with an initial USD $100 million in funds
News Meta slams FTC’s proposed ban on Facebook from monetizing children’s data as ‘political stunt’ That probe follows Meta’s failure to renew a deal with SIAE to license the use of the society’s repertoire on its platforms
News Spotify rival Anghami doubles down on artificial intelligence with AI-powered podcast and newsroom Company says its AI-Powered Personalized Podcast is the first of its kind in the world
News DIY music distributor DistroKid launches mobile app App, launched on Thursday May 4, is initially only available for iPhone
News Ed Sheeran wins Marvin Gaye copyright infringement trial The Manhattan jury reached its decision after around three hours of deliberations
News SoundCloud, Merlin strike global deal to bring fan-powered royalties to indie labels SoundCloud introduced its “fan-powered royalties” model in April 2021
News Paris-based production music firm BAM Music invests in and strikes strategic alliance with London-based OUT/STANDARD BAM Music is led by former Universal Music executive Pierre-Michel Levallois
News Duetti, a music financing platform led by ex-TIDAL and Apple Music execs, raises $32m from investors including Roc Nation Startup was founded by former TIDAL COO Lior Tibon and former Apple Music Business Development executive, Christopher Nolte
News Grimes launches AI project in partnership with development studio CreateSafe, inviting users to create AI songs using her voice Artist partnered with Los Angeles-based CreateSafe to launch the project
News Deadmau5-founded Pixelynx launches KORUS AI music project in partnership with Beatport Launch arrives five months after Pixelynx was acquired by Animoca Brands
News Fraser T. Smith, PPL launch ‘Future Producer Academy’ for under-represented producers Project aims to providing financial backing and educational opportunities for producers
News Guy Oseary and Ashton Kutcher-led Sound Ventures launches $240m artificial intelligence investment fund Fund's first three investments were in Anthropic, StabilityAI and ChatGPT developer OpenAI
News Pandora’s monthly user base fell beneath 47m in Q1, as parent SiriusXM saw revenues dip 2% YoY SiriusXM has been struggling to retain Pandora’s user base since its $3.5 billion all-stock acquisition of the streaming company in late 2018
News Clubhouse to lay off over 50% of staff amid ‘resetting’ of live audio app The layoffs were revealed by Clubhouse founders Paul Davison and Rohan Seth in an email to staff that was made public on Thursday (April 27).