News Explorer1 Music buys crowdfunding platform Music Benefactors EX1 plans to relaunch Music Benefactors as a new technology and marketing platform
News Hipgnosis Songs Fund secures new $700m debt package, ‘materially’ reducing interest burden on its borrowing Hipgnosis Songs Fund is now looking to fix the rate applied to the majority of its debt
News Two thirds of TikTok’s viral hits are sparked by organic content, with no spend on advertising or influencers (report) Creative consulting agency ContraBrand publishes report on How Artists are Going Viral on TikTok in 2022
News Facebook parent Meta asks court to dismiss Epidemic Sound’s $142m lawsuit Epidemic Sound sued Meta in July for alleged infringement
News Pophouse Entertainment buys 75% of Avicii master recordings and publishing Firm also forms JV with late EDM star's family
News Universal buys majority stake in India-based TM Ventures, which manages superstars Arijit Singh and Badshah TM Ventures was formed by Indian entrepreneur Tarsame Mittal
News Orlando Wharton named EVP of Capitol Music Group and President of Priority Records CMG to relaunch the Priority label
News After hitting 50m users, BandLab launches premium profile-boosting tool at $14.99 a month New tool will allow users to promote their music by turning their posts into featured ads
News Hume attracts $11.7m in funding to grow roster of Web3 artists Investment firm TCG Crypto led the funding round
News Triller settles lawsuit filed by Timbaland and Swizz Beatz over Verzuz payments Lawsuit was filed against Triller in August
News Deezer vows to turn profitable by 2025 as H1 losses shrink by €8.8m Company lost 300,000 subscribers in H1
News Music execs John Leahy and Rupert King move to full-time artist management roles at Blue Raincoat Execs transition to Blue Raincoat Artists, the artist management division of Blue Raincoat Music
News Downtown forms new division to house global services, headed up by Fuga CEO Pieter van Rijn Pieter van Rijn named President of new division
News TikTok parent Bytedance to repurchase up to $3bn in shares ByteDance is reportedly offering to buy back up to $3bn worth of shares from investors at $176.94 apiece
News HarbourView buys Big Loud Mountain Music’s publisher share of songs from Florida Georgia Line catalog Big Loud Mountain Music is a Nashville-based independent publishing, management, and production company