Music Business News: North America

Company, which officially launched in May 2023, says it has raised $235 million so far

DistroKid estimates that it distributes 30-40% of all new music in the world

The news follows KKR's announcement in June that it would be acquiring Superstruct in a deal reported to be worth $1.4 billion

Blackstone raises nearly $1.5 billion in debt financing via new ABS, based on substantial valuation for Hipgnosis Songs Fund assets

Transaction was led by Apollo

Klay says it's building 'a new Large Music Model (KLayMM) that will significantly advance state-of-the-art music AI'

Shelley played a key role at Spotify during the streamer's rapid growth ahead of its NYSE listing

Established acts currently distributing their music through Ditto include Chance The Rapper, Russ Millions, and Darkoo