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Hipgnosis Plans Billion-Plus Shares to Raise Funds for More Catalogs
Billboard reports: "Hipgnosis Songs Fund Limited is planning to issue up to 1.5 billion new shares as it eyes more catalog acquisitions, according to...
Liberty Media Offshoot Raises $575m to Buy Huge Company – Will...
Music Business Worldwide reports: "Liberty Media Acquisition Corporation (LMAC), the newly formed “blank check” acquisition company launched by Liberty Media, raised $575 million in...
Sony Pictures TV Inks First-Look Deal With Asian Media Company 88rising
The Hollywood Reporter reports: "Sony Pictures TV has signed 88rising, the emergent company that spotlights modern global Asian culture, to a first-look deal."
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Studio71 Co-Founders Reunite to Launch Underscore Talent Management Firm
Variety reports: "Three of the execs who co-founded digital content studio Studio71 — Reza Izad, Dan Weinstein and Michael Green — have teamed up...
Downtown Acquires Foundee Music Marketing Platform
Hypebot reports: "Downtown Music Holdings will acquire Found.ee, the music advertising and digital marketing platform."
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Sony Music Acquires Kobalt’s Label and Neighboring Rights for $430 Million
Variety reports: "Sony Music Entertainment announced it has entered into a definitive agreement with Kobalt Music Group to acquire Kobalt’s recorded-music operations, including AWAL,...
SiriusXM Revenue and Subscribers Up, Despite Down Quarter and $976 Million...
Variety reports: "Satellite radio giant SiriusXM saw a 6% revenue gain and added 279,000 subscribers in its satellite radio business, although it faced “headwinds”...
Viagogo Forced to Sell StubHub Business Outside of North America
Music Business Worldwide reports: "Viagogo acquired eBay’s ticketing division StubHub for $4.05 billion in cash in February 2020 and an investigation carried out by...
ByteDance Files $14 Million Suit Against Tencent for Monopolistic Behavior
Variety reports: "Douyin, the Chinese version of ByteDance’s TikTok short video app, has filed suit in Beijing against rival Tencent Holdings for alleged monopolistic...
Spotify Subscriptions Grew to 155m in 2020, Monthly Active Users Topped...
Music Business Worldwide reports: "Spotify published its financial results for Q4 2020 today (February 3), revealing that its global Premium Subscriber base grew to...
