Tencent Music now valued at $21.3bn: IPO raises $1.1bn

After a delay, Tencent Music is finally going public in 2018. The final numbers for the company’s US IPO are $1.1bn raised, after setting the…

Sony Music launches Mora Qualitas, its own streaming service in Japan

Sony Music Entertainment Japan (SMEJ) joined forces with Rhapsody International to launch the first on-demand, high resolution music streaming…

Independents' global share up to 39.9% according to Wintel

According to trade body WIN's latest Wintel report, independent labels' share of the global recorded-music market grew from 39.6% in 2016 to 39.9%…

Tencent Music plans to raise up to $1.2bn in its IPO

Tencent Music announced the terms of its IPO on the New York Stock Exchange. The company is planning to sell 82 million shares to investors (for a…

Brian Eno’s music app Bloom is back and updated

Brian Eno and Peter Chilvers - 10 years ago - launched their Bloom app for iPhone. It was a creative tool for "generative" music: when the app was…

YouTube launches student subscriptions

YouTube just launched cut-price subscriptions for students (only in the US for now). Full-time students at accredited colleges or universities will…

Viagogo can't sell Rammstein tickets in Germany

Secondary-ticketing firm Viagogo is facing a new storm, in Germany: indeed, a Hamburg court has ruled in favour of promoter MCT Agentur in a battle…

Huawei's music-streaming service has 100m users

Chinese tech company Huawei, according to CNBC interview with its consumer-division’s CEO Richard Yu, could be a new big player in the streaming…

Tencent Music IPO could slip to 2019

Chinese streaming giant Tencent Music is going public, but it's not clear if it will happen this year. The company delayed its planned IPO from…

Article 13: record industry attacks YouTube

Google-owned video platform, YouTube, claims that it paid out $1.8bn-plus to music rights-holders within the past 12 months - but the record…

IFPI and YouTube argue over $1.8bn-payments figure

Global music body IFPI has something to say about last week's Google report - specifically the claim that YouTube paid the music industry $1.8bn in…

Universal Music Group signs Taylor Swift with new global recordings deal

Taylor Swift has a new global recording contract with Universal Music Group (UMG). The multi-year agreement states that UMG will serve as the…

Liberty Media manifests interest into buying a stake in Universal Music Group

Last September, SiriusXM, majority-owned by Liberty, announced that it had fully acquired Pandora for $3.5bn. This led online magazine "Music…

Sony completes deal to acquire EMI Music Publishing

According to an SEC filing posted on November 14th, Sony has finally completed its $2.3bn acquisition of EMI Music Publishing. Sony Corp’s operation…

Keith Richards brings solo catalogue to BMG

Keith Richards just signed a new worldwide with BMG, which secured itself the legendary guitarist's solo solocatalogue. The agreement brings…

Is Hulu going to expand globally?

Disney will soon own a 60% stake in video-streaming service Hulu, thanks to its buyout of 21st Century Fox. This way the company will have a bigger…

Festicket's Series D funding round raises $10.5m

Festicket, the festival ticketing and travel platform, just raised $10.5m in its Series D funding round - led by VC firm Beringea, with InMotion…

Spotify launches analytics for music publishers

Streaming giant Spotify was already offering analytics for labels and distributors, and - separately - for artists and their managers; now it added…

YouTube claims it paid out over $1.8bn to music rights-holders

Google-owned video streaming platform YouTube just claimed that it paid out over $1.8bn to music rights-holders in the 12 months to the end of…

Kobalt and partners launch new neighbouring-rights organisation

Kobalt is teaming up with publishing companies Wixen Music UK and Inside Baseball Music Publishing to launch a new organisation called IAFAR - which…