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Spotify Inks Multiyear Audio Content Deal With WWE Through The Ringer
Billboard reports: "Spotify has reached a multiyear audio content deal with WWE that will see The Ringer, a Spotify studio, and the wrestling company...
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...
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”...
Downtown Music to Invest $200M Independent Artists and Music Businesses
Hypebot reports: "The fund, which has been capitalized with an initial investment of $200 million, is supported by a new credit facility with Bank...
Amazon’s Amp is Reinventing Radio
Hypebot reports: "This month, Amazon gave the world Amp, a clubhouse competitor with one unique feature: music licenses. Unlike Clubhouse and all of its...
Warner To Fund Web3 Music Projects Via New Accelerator In Partnership...
Music Business Worldwide reports: "Warner Music Group and Polygon Labs, a growth and development team in support of the Polygon network, have launched what they...
MusiCares Announces $2 Million ‘Final Round’ of COVID-19 Relief Funding
Variety reports: "MusiCares, which has distributed more than $25 million in Covid-19 relief to members of the music community, announced Monday that it is...
Music NFT Marketplace Royal Raises $55M
Hypebot reports: "Music NFT marketplace startup Royal has raised $55 million in Series A funding after having raised $16 million in August. The startup...
Sony Music Joins $7.5M Funding Round For Royalty-Free Music Startup Slip.Stream
Music Business Worldwide reports: "Royalty-free music Slip.stream has secured $7.5 million of Series A financing from investors including Sony Music Entertainment, Third Prime, and...
A New SPAC Has $325m to Spend – and It’s Got...
Music Business Worldwide reports: "Special Purpose Acquisition Companies are everywhere and they’re spending huge sums, from long-time Geffen Records President Neil Jacobson’s $200m IPO...
