News Live Nation set to raise another $1.2bn to boost liquidity during COVID concert shutdown Michael Rapino noted on May 7 that his company had a free cash balance of $817m, combined with $963m in undrawn debt capacity
News Fortnite hits $1bn in mobile revenue in just two years Game has generated over 129m downloads on the App Store and Google Play to date
News ‘It’s going to be a long road for everybody to start seeing recovery in the live music industry.’ Promoters, agents and festival leads discuss the impact of coronavirus on the live industry and what a return to health might look like
News Bang goes the ARPU: Spotify now giving away 3 months of Premium for free – around the world Offer available to Individual, Family or Spotify With Kids in all markets except Japan
News Bryan Turner, founder of Priority Records, joins advisory board of blockchain music startup, Beatdapp Firm promises to help labels find missing royalties
News Fortnite could get closer to ‘photo-realism’ in 2021 – here’s the video that shows how Epic Games shows off Unreal Engine 5 – and it's what you'd call impressive
News LiveXLive to launch pay-per-view live stream music events ‘to drive new revenue-share model for artists’ Company has streamed over 900 artists and over 200 hours since January 1, 2020
News Music made by Artificial Intelligence has started winning awards. Grammys next? "A look into the exciting future of human-AI co-creativity in music" – or an A&R exec's worst nightmare?
News Music creation marketplace Splice, which has raised over $100m in funding, acquires audio tech firm Superpowered Superpowered Co-Founder and Chief Technology Officer Gabor Szanto joins Splice as Head of Audio Engineering
News Downtown buys Christian Tattersfield’s Good Soldier Songs Deal includes more than 350 works, including The 1975’s publishing catalog
News Allen Grubman’s law firm hacked, ‘working around the clock’ as cyberattack group demands $21m "[We] have hired the world’s experts who specialize in this area, and we are working around the clock to address these matters.”
News Lil Baby was the biggest songwriter in the US in Q1, with 22 certifications 805 songwriters were certified Gold, Platinum and Multi-Platinum in Q1
News Sony/ATV UK signs singer, songwriter & producer Labrinth to worldwide deal He's collaborated with artists including Beyoncé, Kanye West, The Weeknd, Nicki Minaj, Eminem, Diplo, Sia, Ed Sheeran and others
News Diane Warren signs new global publishing & recording deals with BMG Warren has tallied nine No.1 and 32 Top 10 songs
News Katie Welle appointed SVP, Creative A&R at Sony/ATV Welle was previously SVP, A&R at RCA Records
News 98.5% of UK independent festivals aren’t covered by insurance for COVID-19 cancellations 92% of indie festival organizers say that their firms are at risk without Government intervention
News AWAL partners with Zoom & United Nations for COVID-19 response Initiative will see AWAL artists support and amplify United Nations key messages
News UK-based label & management company Globe Town inks global distribution deal with The Orchard Company's latest release is Tycho Jones' Don’t Be Afraid