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Immersive Music Experience Startup Stage11 Raises $5.8M

Music Business Worldwide reports: "Meanwhile, Stage11 says that it has “begun its journey to reimagine music for the metaverse” by using the funds to...

Spotify to Pass 100 Million Users in the US by 2025...

Forbes reports: "A new forecast for the US music streaming market from eMarketer suggests an upward curve will continue for the majority of the...

UnitedMasters Partners with Coinbase to Let Artists Get Paid in Cyrptocurrency

Music Business Worldwide reports: "UnitedMasters has struck a new partnership with cryptocurrency platform Coinbase to give indie artists the ability to be paid in...

Blackstone to Take Stake in Hipgnosis, Commits $1B to Music Investment...

The Hollywood Reporter reports: "London-based song rights powerhouse Hipgnosis Song Management and investment giant Blackstone unveiled a music investment partnership on Tuesday, with Blackstone...

Spotify Sells SoundBetter Artist Services Marketplace to Founders

Hypebot reports: "Spotify has sold Soundbetter back to its founders. SoundBetter focuses on sourcing production and mixing services as well as background singers and...

Kobalt is Selling a Music Catalog for $1 Billion and KKR...

Music Business Worldwide reports: "A new report from Billboard correctly suggests that Kobalt is looking to sell its Kobalt Music Royalty Fund II for...

Spotify’s Podcast Creation Tool Anchor Gains Access to the Company’s Large...

TechCrunch reports: "Today, the company is launching access to the Spotify Audience Network to creators who use its Anchor podcast publishing tool in the...

WMG and Twitch: Why Labels Matter

Hypebot reports: "Warner Music Group’s recent announcement that it plans to partner with Twitch to cultivate a standalone music space for premium music-centric content...

NFT Marketplace Sturdy.exchange Launches with Somehoodlum, Death From Above

Variety reports: "Creative studio Sturdy has teamed with Shawn Mendes manager Andrew Gertler to launch STURDY.exchange, a new NFT marketplace for artists, Variety can...

Spotify Increases Penalties for Paid Artificial Streams

Hypebot reports: "Spotify is ramping up its campaign to keep fake streams off the platform and punish artists, managers, and labels that pay companies...