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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...
Coinbase now lets you buy cryptocurrency with your PayPal account
The Verge reports: "Coinbase has added the option for users to buy cryptocurrency using their PayPal accounts in the US, the company has announced."
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Facebook will spend $5 million paying reporters to join its local...
The Verge reports: "Facebook says it will spend $5 million paying local journalists on a new publishing platform. Reuters reported the news on Thursday,...
Alchemy raises $80M at a $505M valuation to be the ‘AWS...
TechCrunch reports: "Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and...
Downtown Sells All Copyrights to Concord in $300 Million-Plus Deal, Will...
Variety reports: "In the latest blockbuster music-catalog deal, Downtown has sold its 145,000 owned and co-published copyrights to an affiliate of the Concord music...
Songtradr Acquires Pretzel, Which Provides DMCA-Proof Music for Twitch and YouTube...
Music Business Worldwide reports: "In the past six months alone, the Los Angeles-headquartered company – which dubs itself “the world’s largest B2B music licensing...
SuperWorld teams with Props for selling NFT virtual real estate
VentureBeat reports: "SuperWorld is a the virtual world in augmented reality that allows users to buy and sell virtual real estate, using nonfungible tokens,...
‘Creators Are Starting To See the True Value in Retaining Ownership...
Music Business Worldwide reports: "The DIY artist sector’s annual revenues grew 34.1% in 2020, generating $1.2 billion globally, according to trusted analysis platform Midia"
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Another $1bn Washes Into the Music Business, As CTM Partners With...
Music Business Worldwide reports: "Today, another US-based investment firm has unveiled plans to pour ten figures of fresh money into the music business, as...
Immutable X debuts as marketplace platform for NFT games
VentureBeat reports: "Immutable X has launched today as a platform for games with nonfungible tokens (NFTs). That means that those games will have uniquely...
