Music Business News: North America
Analysis News YouTube added +25 million subscribers over the past 12 months
News The Series E round was led by Lightspeed Venture Partners, also an investor in Stability AI and AI music generator Suno
News Company’s total raised to date – including equity financing, debt financing, and asset-backed securities (ABS) sales – comes to $435m
News "I've spent my entire career building tech that puts power back in people's hands - that's what got me excited about The People's Bid"
News However, Drake's legal petition against Universal Music Group will remain active in a Texas court
News Vermillio claims to be the first AI platform that 'securely licenses IP and allows IP holders and talent to safely engage with generative AI technologies'.
News The rapper recently criticized Spotify, claiming he received less than $45,000 for over one billion streams on the platform
News The transaction could cover 50% of both publishing and master rights to the late rapper’s work