Music Business News: North America

ABBA’s Agnetha Fältskog joins $6m funding round for AI-powered record label Snafu Records

The company also unveiled two new platform tools

Universal Music Group goes public: Sir Lucian Grainge hails ‘exciting milestone in UMG’s storied history’

Sir Lucian Grainge and members of UMG's corporate executive team sounded the gong live from UMG’s Santa Monica HQ

Saban Music Group strikes strategic partnership with Reggaeton star Don Omar

Don Omar has over 17.9 million monthly listeners on Spotify

Merck Mercuriadis: ‘None of us should be able to sleep in good conscience at night until the true value of the songwriters’ contributions to this business are recognized.’

Merck Mercuriadis responds to criticism of his views regarding the major record companies and publishers

With over $5m investment to date, Visionary Media Group wants to create ‘revolutionary experiences for top-tier artists’

Visionary Media Group's founding managing partners are Ronald Zamber and Nick Sciorra

Songtradr enters wellness space, partners with music for wellbeing label Myndstream

Songtradr has partnered with the mindfulness music label for sync services across the platform

With $7.5m in funding to date, ‘social metaverse’ platform Stageverse launches with virtual Muse concert

Stageverse was founded in 2017 by Tim Ricker and Claire Seidler

From Universal’s new board to Warner’s David Bowie partnership: It’s MBW’s Weekly Round-up

The biggest stories of the past five days – and why they matter