Lyric Capital is reportedly leading the talks, with The Weeknd already reaching out to other investors to assemble the financing package of up to $1 billion.
The service delivers 100 million licensed tracks from Universal Music Group, Sony Music Entertainment, Warner Music Group, and Merlin to 31 US markets.
There’s a big change happening at the top of one of Warner Music Group’s most important global divisions. Cat Kreidich is leaving her role as President of ADA Worldwide, WMG’s distribution and services division for indie labels and artists. Kreidich joined ADA as Executive Vice President in 2020, before being promoted to President in 2021. … Continued