[UPDATED] With current royalty deals already leading to unprofitable businesses, Spotify, Pandora and other music streamers have been turning to add-ons to try to keep artist and labels happy. For Spotify, that's meant free robust analytics thanks to its acquisition of The Echo Nest, and concert listings with buy links via Songkick.
Troubled EDM conglomerate SFX Entertainment [SFXE] has issued a statement clarifying the announcement on Friday that has terminated its pre-Chapter 11 Restructuring Agreement and entered into direct talks with bondholders and creditors.
London based music tech startup ROLI has raised $27 million. The company creates and sells net connected musical instruments and related tech including the well received Seaboard RISE keyboard.
[UPDATED] To date, music streaming service CÜR has raised $13.6 million in funding, including a recent $2 million in convertible notes. But rumors point to a company struggling to make partial payments to record labels and rightsholders. So the startup has brought in an industry veteran to try to right the ship.