Music Business News: United States

Jacob Fain joins Elektra as SVP, A&R after 13 years with Sony/ATV

Fain was most recently SVP, A&R and Research/Analytics at Sony/ATV

Primary Wave strikes ‘multi-million dollar deal’ to buy music publishing catalog and master royalty stream from rock band Disturbed

Included in the deal is Disturbed’s hit Down With The Sickness

After calling Universal ‘music’s most innovative company’, now Spotify says UMG is ‘willing to lean in more aggressively’ than its rivals to SPOT’s marketing tools

"Our hope and expectation will be that other labels, both the big ones [and] small ones will lean in more aggressively over time."

Round Hill raises another $291m in third royalty fund (and has already spent most of it)

Company's funds, including the one recently floated on the London Stock Exchange, have raised over a billion dollars in total

Mike Caren’s APG goes fully independent, as label’s artist roster moves inside Atlantic Records

Market share boost for Atlantic, as newly-independent APG inks distribution deal with ADA

The Killers sell music publishing catalog to Eldridge, including hits like Mr. Brightside and Human

The Killers have sold 28m albums worldwide

Bandcamp expands into ticketed livestreams, with Bandcamp Live

Platform is waiving its 10% fee for livestreams until March 31, 2021

Sony-backed music creation startup Tully, founded by Joyner Lucas and manager Dhruv Joshi, launches new premium Platform

'We continue to be impressed by their creative-first approach to Tully’s product evolution,' says Dennis Kooker, President, Global Digital Business and US Sales, Sony Music Entertainment