Music Business News: France

Believe praises TikTok, says platform offers ‘valuable monetization for our artists and labels’

Denis Ladegaillerie, founder and CEO of Believe, makes statement in reaction to UMG and ByteDance's public falling-out

Music promotion startup Groover raises $8m in Series A funding

The round was led by investors OneRagtime, Trind, Techmind, and MozzaAngels

Lofi Girl’s record label lands publishing deal with Warner Chappell Music France

Lofi Girl, the first 24/7 music livestream on YouTube, has become a worldwide phenomenon

EQT, Denis Ladegaillerie, and TCV launch $1.64 billion takeover bid for Believe

EQT says it expects to be 30 to 35% invested in Believe should takeover bid succeed

Luminate acquires artist data identification service Quansic

France-headquartered Quansic claims to operate the world’s largest artist identification database

Generative AI music market to be worth $3bn by 2028, says report commissioned by Sacem and GEMA

The study found nearly unanimous support for payments to rights holders when their music is used to train AI

Did Spotify just confirm that ‘superfan clubs’ are coming to its platform?

Spotify appears to have revealed this information in a blog post

Is Believe about to come off the stock market and re-privatize?

Company's shareholders are reportedly exploring potential bids to go private