Music services company Kobalt is raising a big round that could exceed $100 million
London-based music services company Kobalt - founded in 2000 is reportedly raising a new round of funding that could surpass $100 million. Kobalt…
Spotify reaches 1m users in India one week after launch
Streaming coloss Spotify launched in India last week. The company, according to Music Ally, confirmed that a week after launch, it now has more than…
Tencent Music and KKR running to acquire UMG
According to Reuters' sources, investment fund KKR and Chinese music-streaming giant Tencent Music are preparing rival bids to acquire up to half of…
TikTok pays $5.7m in FTC settlement over children’s privacy
TikTok has agreed to pay $5.7m to settle allegations by the US Federal Trade Commission (FTC) that it illegally collected personal information from…
Article 13: the vote will take place at the end of March
Europe’s new copyright directive (comprising the "famous" Article 13) will be voted sometime between 25 March and 28 March, it was revealed…
Charlie Phillips set to lead Worldwide Independent Network
The Worldwide Independent Network (WIN) has just announced its appointment of Charlie Phillips to lead the network’s operations, stepping up from…
Warner sues Spotify in India... and Spotify answers
It seems some kind of declaration of war has been issued. Indeed, Warner Music Group has filed an injunction against Spotify in a court in Mumbai…
MME 4.5 seminar: "The New Influencer Ecosystem"
The next MME 4.5 seminar will be focused on The New Influencer Ecosystem and will take place on Tuesday 5 March, 2-6pm in central London at the…
Tencent Music invests in another music-streaming service: Douban FM
Tencent is already owner of three of the main music-streaming services in China. But the company has just invested in a fourth: Douban FM. According…
Soundcloud launches distribution feature
Soundcloud just launched a new feature, part of its SoundCloud Premier program. From now musicians - who have always been able to upload their…
Rhapsody to pay up to $10m in songwriter-lawsuit settlement
Music company Rhapsody (now operating as Napster) was sued by singer-songwriters David Lowery, Victor Krummenacher and David Faragher. A settlement…
Final Article 13 text approved by European negotiators
The final text of the Copyright Directive in the Digital Single Market (including the controversial Article 13 provision) was approved during the…
Universal Music Group to acquire Ingrooves Music Group
Universal Music Group has been a minority investor in Ingrooves since 2006; the company is now thought to be holding…
Universal Music Group now valued at $42bn... and a major labels selling frenzy could be around the corner
During 2018, UMG, commercially speaking, ruled the blockbuster music charts of 2018. Eight of the year’s top 10 most popular artists (across all…
Art. 13: musicians, songwriters, managers and producers answer to rightsholders
On February 8th, music-industry bodies the IFPI, Impala and ICMP published a letter asking for the European copyright directive to be scrapped…
Article 13: are rightsholders throwing in the towel?
The process of the new European copyright directive, including its Article 13 section, took its latest twist on February 7th, when a group of…
Billboard shares its 2019 Power List of industry executives
Music industry publication "Billboard" just published its annual "Power List"; the list has been refocused on "core music-industry companies" (which…
Spotify reaches 96m paying subscribers in 2018 and shares its first ever operating profit
Streaming coloss Spotify announced it closed 2018 with 96m paying subscribers around the world (that's to say up by 25m year-on-year).In Q4 alone…
Spotify to buy podcasting company Gimlet Media
Streaming coloss Spotify is negotiating to buy a significant podcasting production company: New York-based Gimlet Media, which was founded in 2014…
Apple Music reaches 50m subscribers
Apple Music has 50 million subscribers - that is to say 50 million persons actually paying for a subscription. CEO Tim Cook told analysts in Apple’s…
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