Songwriters got some good news last week, but there battle is far from won. Here a co-founder of the Songwriters Of North America, Michelle Lewis. explains their decision to sue the Department of Justice, and how they're going to make it happen.
ArtistData is shutting down in October. The free service, which allowed musicians to syndicate tour dates across multiple sites and platforms, was launched by Cluster Labs co-founder Brenden Mulligan in 2008 and acquired by Sonicbids in 2010.
London based startup Dice has added $6 million in funding to expand its app which facilitates hassle free music discovery and fee-free ticketing. The Series A round was led by Evolution Equity Partners with participation from Lumia Capital and existing investors White Star Capital, Designer Fund and Kima Ventures.
Songkick has added $15 million in funding. The startup has established itself as a leader in online concert listings, thanks to partnerships with Spotify, MTV, YouTube, SoundCloud and others. But efforts to expand its artist ticketing platform have been slowed by Ticketmaster and other established players.
Vevo has hired Goldman Sachs to help it raise $3-$500 million, according to The Financial Times. The money will fund international expansion, acquisitions and original programming. UMG and Sony each own about 40% of the music-centered digital video service.
UPDATE: A music tech startup going out of business is often just another sad story. But Music Dealers raised big money and cut big deals. Now it's founder has moved on to a glitzy new startup co-founded with a former exec of the defunct synch licensing site's top former clients. The result: many artists are left without payment. Now. Music Dealers has responded.
SoundCloud is finally starting to seriously monetize their content, but profitability is still just a distant hope. That sent the startup in search of funds; and in June, SoundCloud raised $70 million from Twitter in a $100 million funding round at reported valuation of $700 million. Now Soundcloud is for sale.