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Warner Music Partners With Wave Livestreaming and Virtual Entertainment Company
Variety reports: "Warner Music Group has announced a partnership with and investment in virtual entertainment company Wave, which has hosted livestreams by the Weekend,...
AFM, SAG-AFTRA distributes $70M to rightsholders
Hypebot reports: "The AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund – an income source that most musicians barely know exists – has announced...
Triton bets $1M+ on VNUE as live music preps for ‘Roaring...
Hypebot reports: "VNUE, a technology company focused on the live music sector, has landed a $1 to $2 million commitment from Triton Funds."
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SoundCloud Partners With Triller on Playlist Integration
Music Business Worldwide reports: "Music streaming service SoundCloud has partnered with US-based TikTok rival Triller to integrate a Soundcloud-curated playlist feature into the short-form...
Twitch Mobile App Was Downloaded 22m Globally in q1 2021, up...
Music Business Worldwide reports: "The mobile app for live streaming service Twitch was downloaded 22 million times globally in Q1 2021, according to a...
Apple Music Unveils High-Quality Audio Option; Amazon Expands Its High-Def Plan
Variety reports: "One thing we did not expect to see on this Spring Monday morning was a high-quality audio duel between two of the...
Vivendi Eyes Sale of Universal Music Group Stake to U.S. Investor
The Hollywood Reporter reports: "French media conglomerate Vivendi is considering the sale of an additional 10 percent stake in Universal Music Group, the label...
Spotify enters the virtual concert business, starts selling $15 tickets to...
The Verge reports: "Spotify is entering the virtual concert business, just as in-person concerts are becoming more of a possibility."
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Sony Music Completes $430m Buyout of AWAL – but UK Competition...
Music Business Worldwide reports: "Sony Music has today (May 19) confirmed that it has completed the acquisition of two companies from Kobalt Music Group:...
Universal Music, Triller Bury the Hatchet With Worldwide Licensing Deals
Variety reports: "After a months-long standoff, Ryan Kavanaugh’s Triller short-form video platform and Universal Music Group announced worldwide licensing agreements that span recorded music...
