Sony Music Entertainment In The News

ElevenLabs, creator of Suno rival ElevenMusic, tops $500M in annual revenue as BlackRock, Jamie Foxx and more join as investors

Company welcomes new investors to its $500M+ Series D funding round, which was first announced in February 2026 at an $11 billion valuation

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Sony Music expands JV with German rap label Two Sides, as founder Lucas Teuchner takes on broader advisory role for the major in the GSA region

The Berlin-based hip-hop label and management company is behind superstar rapper Apache 207

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Suno is raising another $250 million+ at a $5 billion valuation (reports)

Suno will likely raise above $250 million, the same amount that it pulled in during its Series C just six months ago, sources told Billboard.

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Udio admits to scraping YouTube audio for AI training in answer to Sony Music lawsuit

Udio admitted that its models were trained with “a vast amount of different kinds of sound recordings” gathered from publicly available sources.

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Suno is now the ‘controller’ of Songkick user data – and is hiring a GM to wire it into its AI music platform

Emails sent to Songkick users on Thursday (April 30) confirmed that personal data held by the platform "will be transferred to Suno, who will become the controller responsible for that data going forward."

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The Orchard acquires Brazil’s OniMusic, a prominent Christian music distribution platform

OniMusic was founded in September 2004 by Nelson and Christie Tristão

Interviews

Believe and TuneCore are blocking distribution of Generative AI tracks made on ‘pirate studios’ like Suno – while inking new partnerships with ElevenLabs and Udio

Denis Ladegaillerie walks MBW through company's new policy – and gives his thoughts on AI, Ackman, and more

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Universal is selling 50% of its Spotify stake, generating around $1.4 billion

UMG will sell half of its equity stake in Spotify and use the proceeds to help fund an expanded share buyback program totaling EUR €1 billion (USD $1.17bn)