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Create Music Group, At $1 Billion Valuation, Raises $165 Million Investment...
Music Business Worldwide reports: "Create Music Group has secured a USD $165 million minority investment round led by private equity firm Flexpoint Ford, MBW...
Spotify Launches New Basic Plan In The US, Audiobooks Excluded
Music Business Worldwide reports: "Spotify is revamping its subscription plans in the US, introducing a new “Basic” plan without an audiobooks offering. This move...
Sony’s CSL Lab Launches New AI “Co-Creator” Tool
Music Ally reports: "Back in 2018, Sony’s Paris-based CSL lab produced one of the first AI-generated songs that grabbed the attention – and stoked...
TikTok Strikes Deal With Adobe To Bring Its Commercial Music Library...
Music Business Worldwide reports: "Adobe and TikTok have announced a new integration, bringing TikTok’s Commercial Music Library to Adobe Express via the Symphony Assistant...
Merlin Renews And Expands Its Meta Partnership, With ‘A New Suite’...
Digital Music News reports: "Facebook parent Meta and indie representative Merlin have renewed and expanded their partnership agreement, which now includes “a new suite...
HYBE Eyes Creator Economy Expansion With New THEUS Superfan App
Music Business Worldwide reports: "Binary Korea, a subsidiary of South Korean Entertainment giant HYBE that focuses on tech R&D including Web3 and blockchain, is...
Shuttered Discord Music Bot Rythm Returns With Licensing Deals
Music Ally reports: "Remember Rythm? You might not if you weren’t spending much time on messaging platform Discord in 2021. Rythm was the most...
A More Global Grammys? — Recording Academy Expands Into Middle East...
Digital Music News reports: "The Recording Academy has announced it has reached agreements with the Ministries of Culture and key stakeholders in the Middle...
TikTok Shop Is Huge For The Beauty Industry
The Verge reports: "Online shopping changed how we buy things — and social media platforms are reshaping shopping again. TikTok Shop, the company’s in-app...
Spotify To Launch Pricier Premium Music Tier That Includes High-Fidelity Audio...
Music Business Worldwide reports: "Spotify is planning to launch a pricier Premium music tier later this year that includes access to high-fidelity audio. That’s...
