Music Business News: United States

Blockchain music making startup Arpeggi Labs raises $5.1m from a16z crypto, Steve Aoki, 3LAU and more

Startup claims to be the first blockchain music creation platform

Mike Hamilton appointed Senior Vice President, Streaming & Commerce at Def Jam Recordings

Exec arrives at Def Jam after three years as Senior Director, Commerce, Epic Records

BMI paid out nearly $1.5 billion to songwriters and publishers in the past year, up 10% YoY

Overall revenue (collections) jumped 16%, or by $212 million, to $1.57 billion, the company said Tuesday (September 13).

Confirmed: Tencent Music to go public in Hong Kong without raising new funds

Company confirms news reported earlier this week

Jennifer Knoepfle joins Universal Music Publishing Group as Executive Vice President and Co-Head of US A&R

Knoepfle joins UMPG from Sony Music Publishing, where she was most recently SVP, Creative

Steven Gringer promoted to Vice President of A&R at PULSE Music Group

Gringer was previously Senior Creative Director, PULSE Music Group

Troy Carter’s Venice Music opens up to more indie artists with new subscription model

Company is opening up its platform to a wider scale of artists through new subscription plans

Round Hill acquires music royalty interests of legendary producer Bruce Fairbairn

He worked with Bon Jovi, Aerosmith, AC/DC, Van Halen and more