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Warner Chappell Music (WCM) has entered into what it calls a “groundbreaking” partnership with ReverbNation, the artist services platform owned by Singapore-based BandLab Technologies. BandLab Technologies acquired ReverbNation from eMinor, Inc. in November 2021 for an undisclosed sum. The unit offers digital distribution, as well as career management and online marketing tools for indie artists. It was rebranded last July. Warner Chappell’s […]

Downtown Music has disclosed the sudden passing of the company’s “beloved and highly respected” CTO, Manan Vohra. Described by Downtown as an “inspirational and visionary leader”, Vohra joined Downtown-FUGA as Global Head of Technology and Product in 2020. Vohra is survived by his wife, Peggy Struck, and his mother. “Our thoughts and deepest condolences are with

Taylor Swift’s new album, The Tortured Poets Department, has broken more Spotify records – and one of them is a big one. On April 22, 2024, it became Spotify’s most-streamed album in a single week. And as of today (Wednesday April 24), the album has officially surpassed 1 Billion streams since it was released on Friday (April 19). This achievement means that

Concord and Blackstone are now officially in a bidding war for Hipgnosis Songs Fund‘s assets – as the former company launches a new offer for HSF that (very slightly) trumps its rival’s most recent approach. Last Thursday (April 18) it was confirmed that Concord had made a cash offer equivalent to USD $1.40 billion to acquire HSF’s assets, or $1.16 per

Spotify just confirmed that it is indeed launching a newly stratified menu of subscription tiers – including audiobook-only and music-only options. During the Sweden-headquartered company’s Q1 earnings call yesterday (April 23), co-founder and CEO Daniel Ek addressed his firm’s plans to create more “flexibility” when it comes to subscription plans offered to consumers. “We want to offer as

TikTok’s CEO has come out fighting after President Joe Biden signed into law a bill that requires ByteDance to divest its holdings in TikTok, or face an effective ban of the app in the US. “Rest assured, we aren’t going anywhere,” Shou Zi Chew said in a video posted to TikTok on Wednesday (April 24).

Music data company Luminate, which collects the data used in Billboard charts, has formed a new partnership with indie record store groups in an effort to diffuse a controversy over how it collects information on sales of physical music. Under the new partnership, which launched on April 19, Luminate collects data on physical music sales, including vinyl,

  Private equity firm PAI Partners has reached a deal with another PE firm, Ardian, to acquire a majority stake in Audiotonix, a company that produces professional audio mixing consoles and related products. Ardian will retain a minority stake in Audiotonix alongside the company’s management team, PAI Partners and Audiotonix said in separate announcements on Tuesday (April 23). According to a report

Yesterday (April 24), we learned of the latest chapter in the takeover saga surrounding UK-listed Hipgnosis Songs Fund. Concord launched a USD $1.511 billion bid for the UK-listed company’s assets, at $1.25 per share. That bid very slightly topped a recent $1.50 billion takeover proposal from Blackstone, which valued HSF at $1.24 per share. Concord’s new bid comes with a caveat: If it’s successful