Music Business News: United States

MBW’s Weekly Roundup: BMG x KKR, CTM, Universal, Eliah Seton, Matt Gudinski

The biggest music industry stories of the week, all in one place

Clubhouse users can now pay money to creators, and the app gets 0% of it

Invite-only social app has launched a direct payments feature

Patreon is now valued at $4bn after raising $155m in latest funding round

Platform's creators have earned over $2bn since the company’s inception in 2013

Official: Eliah Seton named President of SoundCloud

Seton joins SoundCloud from Warner Music Group

Another $1bn washes into the music business, as CTM partners with US fund to buy publishing and master rights

Partnership has already acquired over 1,000 songs from TEN Music Group, including hits by Rihanna and Shakira

Eliah Seton to join SoundCloud in a senior role?

MBW sources indicate that Warner veteran has accepted a potentially game-changing role with Michael Weissman

Cat Kreidich named President of Warner’s ADA

Former Sony exec Kreidich takes new role just months after joining Warner and ADA

Synchtank’s IRIS has already processed hundreds of millions of dollars. Now it’s being made available to music publishers large and small.

Synchtank's speciality Royalty Accounting package provides a bespoke and scalable solution for a crucial and growing challenge