Downtown Music Holdings In The News

TikTok launches ‘Artist Impact Program’, inks several distribution deals to connect artists with brands

TikTok inks global distribution deals with Believe, DistroKid, Vydia and more to 'fuel the pipeline of talent and artist-driven music' on its Commercial Music Library

News

AI music startup AudioShake raises $2.7M in seed round with backing from Crush Music, peermusic… and Metallica

The company’s latest seed round was led by Indicator Ventures, with participation from Precursor Ventures and Side Door Ventures

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

Boomy’s AI-generated tracks start landing back on Spotify amid growing battle against artificial streaming

Boomy says it’s back in business on the prominent music streaming platform

Analysis

The Boomy/Spotify streaming fraud debacle proves ‘pro-rata’ must go – urgently.

Is that the kind of music business you signed up for? Because it's the one you've got.

News

AI music app Boomy has created 14.4m tracks to date. Spotify just deleted a bunch of its uploads after detecting ‘stream manipulation’.

Today's news comes a week after Daniel Ek, founder and CEO of Spotify, announced to investors that his company was working with major record companies to quell the threat posed by AI music

Analysis News

Meta launches latest round of layoffs, as company’s market cap value rebounds

Round of layoffs announced in March began on Tuesday (April 18), according to reports

News

Downtown forms new Artist and Label Services division, led by President Ben Patterson

Division was born from Downtown’s distribution arm DashGo