Music Business News: United States

Megan Thee Stallion joins Weverse, as HYBE revamps superfan platform to include ‘advanced translation features’ for artist posts

Megan Thee Stallion becomes the latest superstar to join the platform

Duetti secures fresh $114m to buy indie artist catalogs, including $80m raised through firm’s first asset-backed securitization transaction

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

DistroKid to lay off 37 union workers

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

CVC joins KKR in acquiring live events firm Superstruct

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

The Hipgnosis Songs Fund catalog has just been valued at $2.36bn… around $150m more than HSF’s enterprise value when Blackstone acquired it

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

Concord closes $850m Asset-Backed Securities transaction to ‘fuel strategic growth and acquisitions’

Transaction was led by Apollo

Universal Music enters into strategic partnership with AI music startup KLAY

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

Atticus Shelley appointed VP of Finance at TuneCore

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