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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,...
Why Video on Demand Data Won’t Be Public Any Time Soon
The Hollywood Reporter reports: "While Comscore, Nielsen and Screen Engine/ASI are now tracking SVOD performance (mostly for clients), studios don’t yet have an incentive...
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...
Comscore Introduces ‘Movies Everywhere’ Cross-Screen Measurement System
Deadline reports: "With the nature and business of feature films changing almost daily, Comscore has announced “Movies Everywhere,” a new cross-screen measurement system."
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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...
SiriusXM Takes $1B Pandora Hit Due To ‘Royalty Cost Structure’
Hypebot reports: "SiriusXM added 909,000 new subscribers last year, bringing their total monthly self-pay subscriber base to a record of 30.9 million at the...
Audible Magic Acquires SOCAN’s MediaNet
Hypebot reports: "Canadian PRO SOCAN has sold its global content fulfillment and rights administration service MediaNet to Audible Magic."
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Spotify Purged Tens of Thousands Of Tracks For ‘Fraudulent Streams’
Hypebot reports: "Spotify has purged tens of thousands of tracks for allegedly using services that fraudulently inflate streams. Music industry attorney Wallace Collins wrote...
RealNetworks Completes Sale of Napster to MelodyVR in $70.6m Deal
Music Business Worldwide reports: "Originally announced in August 2020, RealNetworks’ sale of US-based Spotify rival Napster to UK-based virtual reality music company MelodyVR is...
Twitter issued $547,000 GDPR fine by Irish regulator in landmark decision
CNET reports: "Ireland's privacy watchdog on Tuesday hit Twitter with a fine of 450,000 euros ($547,000) over GDPR violations."
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