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Audible Magic Acquires SOCAN’s MediaNet
Hypebot reports: "Canadian PRO SOCAN has sold its global content fulfillment and rights administration service MediaNet to Audible Magic."
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Capitol Studios Shutters Its Mastering Division
Variety reports: "The mastering department at the famed Capitol Studios in Hollywood has been shut down, with several employees laid off, Universal Music Group...
Judge Upholds Major Labels’ Billion Dollar Copyright Victory Against Cox Communications
Music Business Worldwide reports: "On Tuesday (January 12), a federal judge in Virginia upheld a $1 billion copyright infringement award won by Sony, Universal...
Indie Label Vets Launch Investment Fund Exceleration Music, Partner With Alligator...
Billboard reports: "A quintet of indie label veterans have joined together to launch a new investment fund with the goal of supporting artists, creators...
Spotify Stock Slips After Analysts Cast Doubt on Success of Podcast...
Variety reports: "Shares of Spotify took a hit after analysts at Citi downgraded the stock because the audio-streaming giant hasn’t shown “any material benefit”...
Tencent Music Paying $415 Million for Lazy Audio
Variety reports: "Tencent Music Entertainment, which is already China’s biggest online music platform, is planning on getting bigger through the proposed acquisition of Lazy...
SiriusXM Takes $1B Pandora Hit Due To ‘Royalty Cost Structure’
Hypebot reports: "SiriusXM added 909,000 new subscribers last year, bringing their total monthly self-pay subscriber base to a record of 30.9 million at the...
Apple Mulls Podcast Subscription Push Amid Spotify’s Land Grab
Billboard reports: "The iPhone giant has explored adding a paid audio product, a risky move given the proliferation of free, ad-supported programming."
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Will 2021 Herald a Golden Age of Artist Partnerships for Independent...
Music Business Worldwide: "While the current COVID-19 pandemic transforms aspects of the “norm” worldwide the recorded music business, which continues to be sustained by...
Music App Co-Founded by Multi-Platinum US Producer and Ex-Universal Exec Will...
Music Business Worldwide reports: "Music startup Djooky, an emerging artist platform, has launched a new feature on its app called HitHunter that promises to...
