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AVEX USA FORMS JV WITH COUP D’ETAT MUSIC TO SIGN NIGERIAN AFROBEATS STAR VICTONY

Avex USA Publishing has formed a joint venture with Coup D’Etat Music, a subsidiary of The Revels Group, to sign Nigerian Afrobeats singer-producer Victony. Known for his viral hit Soweto last year, Victony has collaborated with the likes of Rema, Burna Boy, and Don Toliver. Victony has amassed nearly five million monthly listeners on Spotify, one billion YouTube views across videos and over one […]

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BAD BUNNY BREAKS SPOTIFY RECORD FOR MOST-STREAMED ALBUM IN A SINGLE DAY IN 2023 SO FAR

Latin music superstar Bad Bunny continues his streak of breaking records, this time with his latest album, Nadie Sabe Lo Que Va A Pasar Mañana, becoming the most-streamed album on Spotify in a single day in 2023 so far. The achievement was announced by Spotify on Friday (October 13) via its social media channels. This 22-track LP, whose title

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RESERVOIR STRIKES GLOBAL PUBLISHING DEAL WITH THE EAGLES’ JOE WALSH

New York-headquartered Reservoir Media has struck a global publishing deal with 5x Grammy-winning artist, Rock and Roll Hall of Fame inductee, legendary guitarist, songwriter, and vocalist Joe Walsh. Reservoir says that the deal includes hits from Walsh’s catalog as a solo artist and as a member of groups like the Eagles and the James Gang, as well

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PATREON ACQUIRES MOMENT, THE TROY CARTER AND SCOOTER BRAUN-BACKED LIVESTREAM STARTUP FORMERLY KNOWN AS MOMENT HOUSE

Patreon has acquired Moment, a Los Angeles headquartered live streaming startup formerly known as Moment House. Moment House launched back in 2020 with $1.5 million in seed funding. The platform arrived amid a rise in consumer and investor interest in the live streaming space when live concerts were paused due to the pandemic. The startup’s seed round of $1.5

PATREON ACQUIRES MOMENT, THE TROY CARTER AND SCOOTER BRAUN-BACKED LIVESTREAM STARTUP FORMERLY KNOWN AS MOMENT HOUSE Read More »

AI MUSIC GENERATOR RIFFUSION RAISES $4M IN SEED FUNDING ROUND

What started out as a hobby project to test the abilities of AI algorithms to generate music has now turned into a multi-million-dollar business. Friends and musicians Seth Forsgren and Hayk Martiros released AI music generator Riffusion last December, as an experiment with the use of “latent diffusion” AI technology to generate music Riffusion’s technology

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WARNER’S SPINNIN’ RECORDS PARTNERS WITH GENERATIVE AI STARTUP ENDEL TO CREATE 50 AI-GENERATED WELLNESS ALBUMS

The digital and AI revolutions aren’t just changing how music is created and consumed – they’re also changing the very nature of music, and nowhere is that clearer than in the emergence of functional music. Over the past few years, we’ve seen recording companies, streaming services and even live music and fitness companies jump into

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FROM BLOCK’S HIFI ACQUISITION TO WARNER’S BUYOUT OF E-POSITIVE IN INDIA… IT’S MBW’S WEEKLY ROUND-UP

We learned this week that TIDAL‘s parent company Block has acquired HIFI, a music business and financial management platform. Founded by Damian Manning (CEO), HIFI launched in the US in 2020 with major league supporters including Matt Pincus, who joined HIFI’s board and became an investor in the firm via his financial vehicle MUSIC – a joint venture

FROM BLOCK’S HIFI ACQUISITION TO WARNER’S BUYOUT OF E-POSITIVE IN INDIA… IT’S MBW’S WEEKLY ROUND-UP Read More »

‘AS A PUBLISHER, YOU CAN’T JUST SIT AROUND AND WAIT FOR THE MONEY TO ROLL IN. WE REALLY HAVE TO BE PROACTIVE.’

Ashley Winton has spent the last four years building Warner Chappell Music‘s global creative services arm from the ground up. As part of that role, Winton has been focusing on finding non-traditional opportunities for songwriters at a time when making a living as a creator is arguably harder than ever. Winton and her team help writers

‘AS A PUBLISHER, YOU CAN’T JUST SIT AROUND AND WAIT FOR THE MONEY TO ROLL IN. WE REALLY HAVE TO BE PROACTIVE.’ Read More »

VEVO SPONSORS A&R AWARDS CATEGORY DEDICATED TO ARTISTS ON BRINK OF BREAKTHROUGH

Another big-name partner has signed up to support this year’s (next month’s!) A&R Awards, with Vevo sponsoring the  DSCVR Artist of the Year Award. Standing out slightly from the rest of the categories, this award is linked to Vevo’s DSCVR Artists To Watch program (now in its tenth year) and shines the spotlight on a talent

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CITRIN COOPERMAN REDUCES CRB III ROYALTIES WINDFALL ESTIMATE FOR HIPGNOSIS SONGS FUND BY $11.8M, CAUSING HSF BOARD TO HALT OCTOBER’S INTERIM DIVIDEND

Citrin Cooperman, the influential valuer of music rights/transactions, has significantly reduced its expectation of the amount of money that Hipgnosis Songs Fund (HSF) will receive related to the Copyright Royalty Board’s landmark decision in the US commonly known as CRB III. As a result of CRB III, which was finalized in late 2022, music streaming services were told

CITRIN COOPERMAN REDUCES CRB III ROYALTIES WINDFALL ESTIMATE FOR HIPGNOSIS SONGS FUND BY $11.8M, CAUSING HSF BOARD TO HALT OCTOBER’S INTERIM DIVIDEND Read More »

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