News Defunct Gimme Radio sells e-commerce assets to Mainfactor, hints at relaunch of streaming service The sale comes 10 months after Gimme Radio announced it was shutting its streaming service
News Music rights investment company GoldState Music partners with private equity firm Flexpoint Ford to pursue music catalog acquisitions Flexpoint has approximately $7.7 billion of assets under management
News Universal launches Beat Galaxy music hub on Roblox, featuring ‘one of the largest song catalogs of any experience’ on the gaming platform UMG partnered with virtual world developer Supersocial to launch the new music hub
News Warner’s ADA Worldwide strikes global distribution deal with historical music label Omnivore Omnivore specializes in historical releases and reissues, as well as previously unreleased vintage recordings.
Interviews ‘We are looking towards Ed and Taylor right now as the inspiration.’ Drew Simmons talks about the thrills and challenges of managing 2023's breakout star, Noah Kahan
News Armada’s $100m BEAT Music Fund strikes series of rights deals in the UK, including the entire catalog of Sola Records The fund has set as its goal $500 million in music investments, including $100 million in its first two years.
News Universal Music Greater China appoints former Warner exec Ming Lu as VP of Artist Development and Entertainment Strategy Ming Lu signed and developed a number of successful hip-hop acts at Warner Music
News UK music licensing company PPL paid out over $61m to performers and recording rightsholders in Q4 PPL paid out to over 137,000 performers and recording rightsholders in its final quarterly distribution of the year
News TikTok expands partnerships with Spotify and Amazon Music to link app directly to streaming services in 19 new markets TikTok's Add to Music App feature lets users save songs they discover via TikTok on streaming services including Spotify, Amazon Music and Apple Music
News Tuned Global partners with newly launched Web3 music streaming platform Sona Tuned Global will provide recently-launched streaming startup Sona with content delivery tools and reporting services.
News Spotify is chasing annual profitability. SoundCloud’s already there. Company's revenues projected to be up 9% YoY in 2023
News LimeWire unwraps AI Music Studio for crafting ‘fully ownable’ AI-generated tracks The former illicit file-sharing platform has been reborn as an NFT marketplace and AI content generation platform.
News Ex-SM Entertainment CEO’s TITAN CONTENT to open global auditions for ‘next wave of global K-Pop superstars’ Auditions will begin in various locations in North America and Australia in January, the company says.
News Spotify won’t be pulling its service from Uruguay after all Uruguay's government has clarified that rightsholders, and not Spotify, will be responsible for ensuring "equitable remuneration" for artists.
News South African music industry veteran Chris Ghelakis dies, aged 70 Ghelakis founded Electromode in 2001, which was acquired in 2021 by Universal-owned Ingrooves (now Virgin Music Group)
News Snoop Dogg launches ‘Death Row Pro’ production music unit in partnership with Sony Music Publishing’s Extreme Music Death Row Pro to serve as a production music arm of Death Row Records, for licensing newly created music for TV, film, ads etc.
News Universal Music Group is worth more than $50 billion, as firm’s share price hits highest point in 2 years Universal's market cap is currently around $12 billion higher than Spotify's
News Verswire raises $12.3m, launches publishing arm in partnership with Kobalt Music Group Verswire was founded by blink-182’s Mark Hoppus, veteran music manager Nick Lippman, and Veeps co-founder & COO Sherry Saeedi (CEO and Founder), while Fall Out Boy’s Pete Wentz serves as a strategic advisor