News Diplo joins $200m funding round for Torch Capital to invest in consumer-facing startups Investment 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 US BMI affiliates will receive a rate that is 138% higher than the historical rate
News Apple Music Classical streaming app officially launches App is now available worldwide where Apple Music is offered
News Turntable LIVE raises $7m in seed round to launch social music platform Round was led by Founders Fund and f7 Ventures
News Tuned Global names Pacemaker co-founder Jonas Norberg as first Head of AI Company 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 Spotify Virtual group also 172,000 subscribers on YouTube
News France becomes latest country to ban TikTok on government devices Ban applies to 'recreational apps' including Twitter, Instagram and Netflix
News Epic Games to share 40% of Fortnite purchase revenue with ‘island’ creators Epic 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 deal Company 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 peermusic He has sold over 16 million records worldwide
News TikTok CEO: ‘Almost half’ of US population uses the app, and a ban would ‘damage’ the country’s economy TikTok now has 150 million users in the US, up from 100 million it said it had in 2020
News Twitch cuts over 400 roles amid widespread layoffs at parent company Amazon Amazon announced another 9,000 job cuts this week
News Twitter’s music licensing talks hang in the balance after Elon Musk’s takeover (report) The New York Times reports that licensing talks 'stalled' after Elon Musk acquired the social media platform
News BBC tells staff to delete TikTok after UK bans app on government devices British broadcaster tells employees to uninstall TikTok from their work phones