Music Business News: United States

Beatport acquires Pulselocker assets to create ‘next generation’ DJ streaming service

DJ streaming site Pulselocker shuttered in 2017

Music Sales is now a pureplay publisher with $50m+ in the bank, after selling books and retail business

'Our focus is [now] on expanding our rights business in all territories'

Sony Music sold 17.2% of its shares in Spotify yesterday, worth $250m+

Major continues to hold just under 5% of stock in Spotify, says Sony Corp

Sony’s stake in Spotify worth $1.5bn, as streaming company finishes opening day on NYSE with $26.5bn valuation

Spotify valuation slips 9.8% from opening trade - but Daniel Ek will be happy

Spotify valued near $30bn as it begins trading on New York Stock Exchange

Value has trebled in past three years

Sir Paul McCartney, Bruce Springsteen amongst 89 new artists backing US CLASSICS Act

Act aims to reform US copyright policy to better compensate the creators of music

Diane Warren to keynote MUSexpo 2018 in Los Angeles

A range of other top executives will appear at the expo

Columbia Records promotes Justin Eshak and Imran Majid to Co-Heads of A&R

Duo step up from roles as SVP of A&R at Ron Perry-led label