Epic Games In The News

MBW’s Weekly Roundup: Sony, Mick Fleetwood, Hipgnosis, RCA, Exceleration Music

The biggest music industry stories of the week, all in one place

Sony takes wraps off secret Unreal Engine project, unveils new subsidiary: Sony Immersive Music Studios

First project from new Los Angeles-based division is a virtual performance from Epic Records-signed singer songwriter Madison Beer

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KKR buys majority stake in Ryan Tedder catalog, marking investment giant’s return to music rights ownership

KKR says the Tedder catalog spans nearly 500 songs, covering both "music publishing and recorded music rights"

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Warner Music Group joins $520m investment round in video game platform Roblox

Warner Music Group has invested in kids’ gaming phenomenon Roblox, as the platform’s owner, Roblox Corporation, plans to float on the stock exchange via a Spotify-style direct listing. Warner has joined a $520m Series H investment round in Roblox Corporation at a purchase price of $45.00 per share. The round was led by Altimeter Capital … Continued

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Video games veteran Adam Orth exits role at Sony Music

MBW understands that Sony's "immersive media" project will continue in Orth's absence

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BTS partners with Epic Games for new video premiere on Fortnite’s Party Royale Main Stage

In-game event to take place on Friday, September 25

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Tencent acquires a bigger slice of Indian Spotify rival Gaana, upping its stake to more than a third

Gaana recently launched TikTok rival HotShots – and thinks it can add 250m new users in just 12 months

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Jay-Z’s TIDAL makes VR concerts bet, buying $7m in tokens from $100m-backed Sensorium Corporation

"Our relationship with Sensorium provides TIDAL with the opportunity to gain exclusive rights for its stellar artist roster to have their shows and music broadcast exclusively within Sensorium's themed virtual entertainment worlds."