Concert Crowd-Funding Platform Weeshing Launches In US

weeshing logoSeveral startups have tried to launch crowdfunding concert services in the U.S. and failed to gain traction. But Weeshing, which has already found success in South and Central America and attracted $9 million in funding, has just entered the American market.

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Round Hill Raises New $263 Million Music Investment Fund

image from mms.businesswire.comRound Hill Music Royalty Partners announced that it has raised $263 million for a second music investment fund. The private equity firm has taken stakes in music copyrights from The Beatles, Rolling Stones, Bruno Mars and others.

 

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Live Nation, Songkick Settle Lawsuit For $110 Million

Songkick_logoLive Nation and its Ticketmaster subsidiary have agreed to pay a reported $110 million for the remaining assets of Songkick,  ending a longstanding lawsuit between the two companies. Last year, Warner Music Group acquired the Songkick name and portion of the technology dedicated to concert discovery.

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CD Baby Parent AVL Digital Acquires DashGo, AdRev

AVL Digital AVL Digital Group, the parent company of CD Baby, DiscMakers, Oasis and Show.co has acquired AudioMicro and its AdRev and DashGo divisions. The purchase adds strong b2b capabilities serving record labels and publishers, as well as its strong base of D.I.Y. artists.

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LiveXLive Completes Slacker Acquisition

image from members.celebrityaccess.comLiveXLive Media, Inc. announced that they have closed its acquisition of Slacker Radio, the streaming music and personalized radio subscription service. Focused on U.S. and Canadian markets, Slacker was founded in 2004 by Dennis Mudd, the former CEO of MusicMatch, and Celite Milbrand. 

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How The Wixen Lawsuit Impacts Spotify's Upcoming Public Stock Offering

Spotify legalSince Wixen Music Publishing filed its $1.6 billion lawsuit against Spotify, speculation has run rampant as to how this and other court actions would hurt Spotify's nearing IPO.  Spotify isn't commenting, but industry analyst Mark Mulligan has taken a look at all we know and come to some interesting and  - for Spotify - concerning conclusions.

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Why Does Apple Want Shazam?

2The recent acquisition of Shazam by Apple for a relatively modest 400 million has left many wondering what the tech giant could want with the music identification service. Given that Apple has had similar infrastructure for some time, it seems the purchase was likely motivated more by interest in Shazam's historical user data.

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Spotify Has Filed For IPO [Report]

Spotify newSpotify confidentially filed its IPO documents with the U.S. Security and Exchange Commission at the end of December. "All indications are that Spotify wants to list in Q1, and timing of the confidential F-1 filing would support such a calendar," reports news site Axios, citing multiple sources. 

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Unblocking Music's Blockchain: Berklee's Panos Panay On CNBC

image from media-exp2.licdn.comBerklee College of Music's Panos Panay recently explained to a CNBC panel how “blockchain,” the system behind Bitcoin, has vast revenue potential in the world of music.“The vision behind it is to create an open protocol that dramatically simplifies the way that rights owners are identified across the supply chain of the music industry,” Panay said.

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Splice Raises $35 Million To Expand Digital Hub For Musicians, $5 Million Paid To Creators

image from splice.comFour years after launching, online music creators hub Splice announced that it has paid out $5 million to artists, as well as, completed a new $35 million funding round to expand the service. One of the samples available from Splice even anchored “Sorry Not Sorry,”  the #1 hit for Demi Lovato last summer.

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Sound Diplomacy: Improving Music Cities Worldwide

Screenshot 2017-12-15 00.45.35For a music community to develop and thrive, it needs a city to grow in. So what is about iconic cities like London, Chicago, and Nashville that allow a local music culture to thrive, and how is this culture affected by governments and business? Sound Diplomacy seeks to answer these questions.

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Wu Tang's RZA Opposes Trademark App For Dog-Walking Company "Woof-Tang Clan"

InbloomAfter recently making headlines for their one-off million dollar album, the Wu-Tang Clan is back in the news after member of the group Robert Diggs (better known by his stage name RZA) came out in opposition against a dog-walking company attempting to file a copyright for the name "Woof-Tang Clan".

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Crunch Digital “Sandbox” Offers Music-Tech Startups Customized Licensing, Reporting Solution

1For music tech startups, not having a proper licensing strategy roadmap can expedite things, but also cause significant legal trouble down the road. A new service from Crunch Digital aims to make licensing and reporting a little easier for companies getting off the ground.

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Beatroot Shuts Down, Declared Insolvent

image from crunchbase-production-res.cloudinary.comManchester based Beatroot has entered administration, the UK equivalent of bankruptcy protection. Founded in 2015, the online platform helped record labels, production companies and publishers prepare music for digital distribution, collecting tracks, metadata and legal rights in a single place.

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Jay-Z's TIDAL Is Running Out Of Cash, Bleeding Users [REPORT]

Tidal logoJay-Z fronted music streamer TIDAL has just 6 months of operating capital left, according to a new report, and is losing users as well. In January of this year, Sprint poured $200 million into the streamer based on a $600 million valuation.

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Shazam Is To Apple As The Echo Nest Is To Spotify [Mark Mulligan]

ShazamFrom Mark Mulligan of MIDiA: Shazam finally found a buyer: Apple. Ever since its affiliate sales revenue model crumbled with the onset of streaming (there’s no business in an affiliate fee on a $0.01 stream), Shazam has been trying to find a new business model. It doubled down on providing tools for TV advertisers but never got enough traction for that to be a true pivot.

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Apple To Acquire Shazam For $400 Million [REPORT]

ShazamApple is reportedly days away from acquiring music and audio recognition app Shazam for a $400 million. The startup, which had been valued as high as $1 billion, had previously raised $143 million from investors including Kleiner Perkins, DN Capital and IVP, as well as, Sony Music, Universal Music and Access Industries, which owns Warner Music.

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IDAGIO Raises $9.5M To Expand Classical Music Streaming Service

image from cdn.pixabay.com[UPDATED] Berlin based IDAGIO has raised a $9.5 million Series A round to expand its classical music focused streaming service. Investors Tengelmann Ventures led the round and previous investor b-to-v Partners expanded its position.

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Distribution And Label Service Company Ditto Music Expands

2One of many music aggregators out there, Ditto  is growing to become one of the bigger players in distribution and label services, and has been rapidly expanding to become one of the major player in digital distribution along with companies like TuneCore and CD Baby.

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Solving the Music Startup Catch-22

image from diymusician.cdbaby.com[UPDATED] The difficulty, time and cost of licensing music has stymied an untold number of startups and scared off countless more investors. Crunch Digital has created a solution. Their Digital Music Sandbox will offer music startups a direct conduit to limited term music licensing without advances or minimum guarantees; and founder Keith Bernstein shares an advance look at this much needed service.

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Messenger Bot Startup I AM POP Opens UK Office

I Am Pop bot[UPDATED] Amsterdam-based Facebook Messenger bot startup I AM POP has hired Sam Taylor as its London-based Chief Commercial Officer. The appointment coincides with the opening of a new office in Shoreditch, East London, which will house the company’s marketing and partnerships teams.

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UnitedMasters On Closing The Music Data Chasm: The Inspiration Driving This $70 Million Startup

UnitedMastersUnitedMasters launched it artist services platform this week with $70 million in funding from Google and Andreessen Horowitz; and a promise to "free musicians from dependencies on the old model while increasing their income tenfold". Using data to understand and monetize fan behavior is at the core of their plan to make this bold promise a reality. UnitedMasters Chief Product Officer Jack Krawczyk, the former VP of Product Management at Pandora, shares a look inside the theory and the potential that drives this promising startup.

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Project Music Opens Applications For 2018 Startup Accelerator

project musicThe Nashville Entrepreneur Center has begun accepting application for its 2018 Project Music Portfolio music industry accelerator program. After running the accelerator for 3 years, they have leveraged participant feedback to create Portfolio, a more customized program designed to have a more meaningful impact on the startup entrepreneurs involved.

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Pandora's Loss Poised To Become Gain For Investor Sirius XM

Pandora-new-logo-image-001Pandora is struggling on almost every level, from monthly average users to revenue. This week Wall Street punished the streamer's performance, more than halving its stock price in a single day. But Pandora's loss appears poised to become Sirius XM's gain, says MIDiA analyst Mark Mulligan. The successful satellite broadcaster invested $480 million in Pandora earlier this year.streamer.  

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