Artist management platform Artist Growth has seen an impressive 18 months. This cloud-based system which provides artists and managers with tools to organize touring, finances, merch and data reporting, now tracks more than $2.5 billion in tour revenue and nearly $700 million in expenses.
[UPDATED] Warner Music Group continues to diversify beyond recorded music with the $180 million acquisition of EMP Merchandising, a major European specialty music and entertainment merchandise e-tailer. EMP is currently owned by Sycamore Partners, a New York City private equity firm.
A new lawsuit pits Scooter Braun, who manages Ariana Grande and Justin Bieber against recently departed Storify executive and former Lady Gaga manager Troy Carter. Scooter Braun’s Ithaca Management Holdings has filed suit against Troy Carter, his wife and his company Atom Factory for fraud and breach after Carter allegedly defaulted on a $10 million loan.
Quincy Jones has led a $1 million seed funding round in music tech startup Jammcard. The music industry professionals network has been called the "LinkedIn for musicians" by Forbes.
Being an entrepreneur of any kind is hard work, and requires a certain set of skills to do well. Here we look at the top seven qualities of a successful musical entrepreneur, and how you can further develop any of the skill should you struggle with them.
This short piece comes from independent music professional and former Hypebot contributor Hisham Dahud.
Here's an unexpected revelation: I used to put my laptop to 'sleep' upon ending a workday. No shutdown; just close the screen and pick up where I left off the next day. I used to view this as a nifty feature, but I've recently uncovered the subconscious impact this can have.
UPDATED: Secondary ticketer Viagogo has sued Ed Sheeran’s promotion company, alleging fraud over canceled tickets to the singers recent tour. The startup also has refused to testify before a committee of the UK Parliament.
FlipTix, announced that their ticket resale app will launch will launch in California at the Kaaboo-Del Mar Festival when it's held in Del Mar from Sept. 14-16. Unlike other ticket resale services that allow fans to buy tickets ahead of a concert or festival, FlipTix enables users to legally sell their tickets to the event if they leave early.
Tencent Music Entertainment will submit its IPO to the US Securities and Exchange Commission on September 7th with its IPO slated for October 18th, sources within China are reporting. Goldman Sachs and Morgan Stanley are underwriting the IPO at a value of about $30 billion, just under Spotify’s market value of $31 billion.
MusicLife has closed a $5 million Series A round led by Metropolis VC. The startup will use the funds for its ambitious plan to expand "the world’s first music exchange" based on blockchain technology. At a time when the bottom is falling out of physical and download sales, MusicLife incentivizes the purchase of music.
[UPDATED] Indie ticketing and event marketing platform Eventbrite has filed for an IPO. The company provided ticketing for millions of events in more than 170 countries last year. Eventbrite will trade on the New York Stock Exchange under the ticker symbol “EB.”
In this latest piece from indie.ninja, two industry experts with experience in both software development and the music business outline some important rules for successfully implementing effective project development into your work.
As Chinese internet giant Tencent struggles with profitability and maintaining a strong stock market valuation, Spotify, which owns a significant stake in Tencent Music (and visa versa), should pay attention to avoid a similar misfortune.
Jonathan Stone of original song marketplace Rocket Songs joins Michael Brandvold and Jay Gilbert on the Music Biz Weekly podcast. Music publishing is a multi-billion dollar industry that has been mostly undisrupted by the tech and data revolution. Rocket Songs is working change that and democratize music publishing.
Audius has raised a $5.5 million to use blockchain and cryptocurrency to assure that artists are paid fairly. It's a pitch made repeatedly by numerous startups in recent months, but Audius now has the capital to actually move this game-changing concept forward.
Registration in now open for the second Music Hackathon organized by Music Tech Nashville. The day will start with music tech presentations followed by the hackathon. The day is free and open to designers, coders and musicians.
The EU parliament recently endured several weeks of being bombarded by tweets, calls, emails, and letters opposing Article 13 of the Copyright Directive, which would have forced major tech companies like Google to more tightly regulate copyright on their platforms. This "movement" was the result of a small group of anti-copyright ideologues from Vancouver, writes David Lowery.
Vivendi announced this week that it is no longer spinning off its Universal Music Group with an IPO; but rather that it wants to sell up to 50% of the world's largest music company. But given the price tag and other hurdles who can afford UMG? Who will want to?
In this piece Chris Castle breaks down the latest inside the world of the Music Modernization Act, and why the law needs to be altered in order to restore balance between the rule makers and the rule takers, and better support startups in their bids for success.
Eventbrite, the popular indie and D.I.Y. ticketer, has reportedly filed for an IPO for later this year. The company’s lead underwriters are Goldman Sachs and JP Morgan Chase, according to the Wall Street Journal.
$9.1 billion was wiped off its market capitalization this week, after Netflix missed aggressive targets by analysts, despite solid earnings. As Spotify prepares for its quarterly earning report next week, there are lessons for both investors and CEO Daniel Ek that can be learned from the fate of its fellow streamer.
Hipgnosis Songs Fund Limited (LON:SONG) has acquired a 75% stake in the song catalog of Terius Youngdell Nash aka The-Dream. The fund, which listed on London’s main exchange today, will pay $23.75 million USD.
Music publisher One77 Music has launched in New York City, with an eye for new catalog and some very deep pockets. Led by veteran music exec Jennifer Blakeman, One77 launches with a catalog of 6,000 songs, which it values at $27 million, as well as a substantial, but undisclosed capital investment.
CEO Daniel Ek has promised that Spotify going public would not change the culture of the company or its mission to build a more artist centered new music industry. But a study of post IPO hiring at the music streamer reveals that, for now at least, ramping up sales and software is more of a focus than programming, video and artist services.
Austin-based startup Blink Identity has announced that it has raised $1.5M in a seed round led by Sinai Ventures with the participation of Live Nation, Techstars, and a number of other live entertainment related funds.