Music Business News: North America

Adam Shore joins livestream firm Driift at US General Manager

Shore joins from Red Bull and the Red Bull Music Academy

Universal Music Group acquired Young Money catalog for over $100m in June (says Lil Wayne’s ex-manager, who’s suing him for $20m)

Lawsuit claims that Ronald Sweeney missed out on promised 10% cut of Young Money sale price

TikTok says over 70 artists that broke on the platform this year have signed major label deals

TikTok reveals stats from 2020 in its first ever US Music report

Antony Bebawi promoted to President, Global Digital at Sony/ATV

Bebawi is responsible for overseeing Sony/ATV’s worldwide digital licensing strategies

Ingrooves expands into Mexico, appoints Ariana Arciniega as Country Manager for the market

Arciniega joins Ingrooves from Believe

Reddit buys short-form video social platform and TikTok rival Dubsmash

Dubsmash’s entire team will be joining Reddit

Royalty-free music company and Epidemic Sound rival Artlist acquires digital assets marketplace Motion Array for $65m

Deal comes six months after global investment giant KKR led a $48m investment in Artlist

UJA RWQuarantunes celebration to honor Doug Davis, Richard and Demi Weitz

Event to take place on December 16 at 7pm EST