ArtistGrowth, Pinnacle Partner To Bring Financial Services, Capital To Touring Artists

Artist-growth-logoArtistGrowth, a mobile artist management platform, and Pinnacle Financial Partners have announced a strategic partnership and equity investment designed to broaden the financial services and capital available to touring entertainers.

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Merck Mercuriadis' Hipgnosis Fund Raises $260M For Song Acquisitions, IPO Next

image from static1.squarespace.comHipgnosis Songs Fund Ltd has raised $260 million in a private offering and is expected to IPO in the coming weeks. The fund, led by veteran artist manager Merck Mercuriadis, will purchase and manage US and UK song catalogs.

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Two More Spotify Execs Exit, At Least One For Apple Music

Spotify newTwo respected executives at Spotify are exiting the music streamer, and at least one is headed for Apple Music. The pair join a handful of others in what could be a growing trend, as Spotify staffers cash out stock options and are lured by lucrative offers in an increasingly competition streaming sector.

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PledgeMusic Falls Behind In Paying Artists, Promises Fix

PledgeMusic New[UPDATED] PledgeMusic has fallen behind on payments to artists that have completed their crowdfunding and pre-release campaigns. The music crowdfunding and e-commerce site boasts that more than 3.4 million fans and 50,000 artists ranging from new to platinum selling use the platform.

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Why Startups Should Be Included In Music Modernization Act

1Adding to the already intense level of criticism being levied at the Music Modernization Act, this piece from Chris Castle delves into the legislation's failure to properly include startups, and why they should be more present in the legislative process and the act itself.

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Spotify Is 'Cash Flow Positive,' says CEO Ek, Admits Hate Policy Handled Badly

Daniel EkSpotify CEO Daniel EK has now publicly admitted that the company handled the implementation of its new "hate content and hateful conduct" policy badly. More surprising was how the founder and CEO says that he views profitability at the music streamer.

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How We Crowdfunded 18K With No Experience, Fans [Part 5]

1In this fifth and final piece of a five part series, Justina Grayman shares her experience running a successful crowdfunding campaign, and outlines what others considering embarking on a similar journey should keep in mind. In this final piece she details process of actually rolling out the completed project.

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TuneGo Raises $7.7M For Music Industry Data Platform

TineGo logoTuneGO, a data driven music A&R startup has completed a Series B financing totaling more than $7.7 million. Private equity firm Falcon Capital led the round. TuneGO will use the funds to enhance its technology platform and global infrastructure, which is already being used by many leading music and entertainment companies.

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How We Crowdfunded 18K With No Experience, Fans [Part 1]

1In part one of this three phase series, Justina Grayman describes the process of raising the necessary money to successful fund the production of dance video. In phase one she details the creation and communication of a community-oriented vision.

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Live Nation Launches Fund To Back Female Founded Live Music Businesses

LivenationLive Nation has established the Women Nation Fund, an early-stage investment fund focused on female-led live music businesses.  It will provide access to the company’s resources and capital for underrepresented female entrepreneurs in the concert promotions, events, and festival spaces.

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Ex-Ticketmaster CEO Amasses $30M War Chest To Shakeup Ticketing

image from celebrityaccess.comFormer Ticketmaster exec Nathan Hubbard recently announced plans to take on the ticketing giant with the formation of a brand new company he’s calling Rival. The Los Angeles-based startup has raised more than $30 million in venture capital over the last 18 months.

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With US IPO, Tencent Is Set To Become Next Big North American Streaming Company

1Chinese streaming company Tencent Music is rumored to be headed for an Initial Public Offering in the very near future, with a valuation high enough to make it the fourth biggest streaming company in North America.

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Midemlab Names 2018 Finalists: The Future Of Music Tech

image from cdn.pixabay.comMidemlab has named 20 finalists for 2018. Now that SXSW has downgraded the category, this startup competition is, along with a handful music tech incubators like LA's Techstars Music, Nashville's Project Music and London's Abbey Road Red, the best early indicator of what's coming next in music tech. 

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Spotify Stock Rising Ahead Of Today's Earnings Report

Spotify newSpotify [NYSE: SPOT] climbed all day ahead of a today's earnings report. The stock was up 4% to $170.50, as of 2:45 ET. This, the streamer's first report since going public, was garnering positive forecasts from analysts.@hypebot will be live tweeting the earnings report starting at 5PM ET.& Read whatthe analysts and what we expect here.

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No Fee TickPick Acquires Razorgator, Adds 1M Users

image from crunchbase-production-res.cloudinary.com[UPDATED] No-fee ticket marketplace TickPick has acquired  ticket reseller Razorgator. Details of the acquisition were not disclosed, but Razorgator had raised $60 million in funding from Oak, Kleiner, Perkins, Caufield & Byers and Steamboat since 2001.

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