Music Business News: Europe

Believe’s board backs takeover bid from Denis Ladegaillerie-led consortium

The company will continue to trade on the stock market following the expected buyout.

Concord, financed by Apollo, makes $1.4bn cash bid to acquire Hipgnosis Songs Fund’s assets

But will Merck Mercuriadis and Blackstone go quietly? Don't bet on that.

Epidemic Sound’s royalty-free music is played 2.5bn times per day on YouTube and TikTok, but company still struggles to turn a profit

The company says there are now 26 million videos on YouTube and TikTok featuring its music

Harri Davies appointed Head of A&R at RCA Records UK

He most recently held the position of Senior Director A&R at Concord Music Publishing in the UK

Secretly Distribution hires Warner Music’s Rich Thane as Associate Director of Artist & Label Strategy

Thane is also the founder of music magazine-turned-music company The Line of Best Fit.

Private equity firms Blackstone and CVC eye European festivals organizer Superstruct (report)

Conde Nast, KKR and EQT are also interested in the events company, a news report suggests

Armin van Buuren’s Armada forms new parent company, acquires Amsterdam’s Cloud 9 Music, and targets $500m in new investments via its BEAT Music Fund

The newly-formed Armada Music Group will encompass Armada’s label, publishing and investments arms

TikTok strikes global ticketing partnership with AXS

The feature is live in the US, UK, Sweden and Australia