News Meta offers royalty-free music library to Instagram Reels advertisers Meta says it saw an over 30% increase in the time people spent engaging with reels on Facebook and Instagram in Q2
News 88Rising and Epidemic Sound investor, Atwater, secures backing from Goldman, KKR for new fund, with $100m capital committed so far Founded by Vania Schlogel in 2017, Atwater invests exclusively in the media and entertainment sectors
News Michael Jackson Estate and Sony Music team up for ‘revelatory’ new Thriller documentary Thriller remains the biggest-selling album of all time
News Now Hipgnosis Songs Fund locks in interest rate swaps, providing ‘long term certainty’ to cost of borrowing Interest rate hedging has been one of the most viable solutions for companies that are dealing with millions of dollars in debt as central banks around the world continue to hike interest rates
News Angela Lopes promoted to Senior Vice President, Strategy and Investments at Sony Music SME has also announced Derek Lee's appointment as CFO of Alamo Records
News Donna Gryn promoted to EVP, Global Marketing Strategy at Republic Records Exec has been at the Universal Music Group-owned label for a decade
News AEG to expand Global Partnerships division in Asia Pacific led by Matthew Zweck Exec promoted to Vice President, Global Partnerships, APAC
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