Music licensing marketplace Songtradr raises $50M

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TechCrunch reports: “Music licensing marketplace Songtradr this morning announced a $50 million Series D. The oversubscribed round — which features Regal, Aware Super, Perennial, Argo and Greencape — follows a $30 million raise last August, bringing the Los Angeles company’s total funding to north of $100 million.”

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Done Deal: Pershing Square SPAC Is Buying 10% Of Universal Music Group for $4bn

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Music Business Worldwide reports: “Pershing Square Tontine Holdings (PSTH), a US-based special purpose acquisition company (SPAC), is officially buying 10% of Universal Music Group.”

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New Report Looks at Evolving Consumer Expectations From Brands on Social Media

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Social Media Today reports: “The team from Sprout Social have released their latest ‘Social Index’ report, which looks at a range of key trends in social media marketing, and how brands can make best use of social media channels now in order to maximize awareness and connection with consumers.”

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Spotify acquires podcast discovery specialists Podz

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The Verge reports: “Spotify has acquired Podz, a startup whose technology generates preview clips of podcasts, the streaming service has announced.”

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Roku Touts Massive Viewing of Quibi Shows, but Doesn’t Provide Specific Numbers

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Variety reports: “Roku says its pickup of the 75-plus shows from Quibi, the short-lived premium mobile entertainment startup that went belly-up last year, has paid off beyond its expectations.”

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Why Are Streaming Platforms Crashing Before Popular Finales?

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The Hollywood Reporter reports: “Showtime, HBO Max and Disney+ all had service outages ahead of season finales or live events, but user volume isn’t always to blame.”

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300 Entertainment Launches Invite-Only DIY Distribution Platform, Sparta

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Music Business Worldwide reports: “Everyone knows by now that the independent artist market is big business: self-releasing DIY acts generated $1.2 billion globally last year, according to Midia Research.”

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Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital

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CNBC reports: “Goldman Sachs’ efforts to help hedge funds and other big institutional clients wager on bitcoin have taken a step forward. The bank has begun trading bitcoin futures with Galaxy Digital, the crypto merchant bank founded by Mike Novogratz, CNBC has learned.”

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Mogul Productions Strikes Distribution Deal With Blockchain-Based Delivery Platform AIOZ Network

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Variety reports: “Toronto-based Mogul Productions, a new decentralized film financing platform, has partnered with blockchain-based content delivery network AIOZ Network to provide content distribution and streaming via the blockchain.”

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Coalition of Festivals launches to promote an equitable and sustainable music festival industry

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Hypebot reports: “A new US-based Coalition of Festivals has formed to promote a more equitable, diverse, and sustainable music festival industry.”

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