Music Business News: South America
News MBW forecast a nine-figure buyout for Som Livre last month on these very pages News Funding for music startups fell from over $1bn in 2019 to $328.9m last year Analysis MBW runs the numbers from the IFPI's must-read new Global Music Report covering 2020 News Paid subscription streaming revenues increased by 18.5% last year News Among them are EDM veteran Toy Selectah’s Worldwide Records and Los Angeles indie label Cosmica Records News MBW understands that Som Livre is attracting interest at a $250m-plus valuation News The move follows the launch of the company's operations in Africa last month News Five-time Latin Grammy winner has released 13 studio albums and has written for artists including Rosario and Shakira