Meet The 9 Startups Named To Techstars Music 2019 Class

Techstars-master-logo-color-600x380 (1)Techstars Music has named international nine music tech startups to its class of 2019.  The startups for this third edition of the mentoring and accelerator program were chosen from about 1000 applicants. 

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Scooter Braun’s Ithaca Holdings Acquires Atlas Music, Publisher For Brandi Carlile

image from pbs.twimg.comIthaca Holdings, the media holding company led by manager and music entrepreneur Scooter Braun (Justin Bieber, Ariana Grande) has acquired prominent music publisher Atlas Music.

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Musiio Raises $1M To Bring Spotify-Like AI To Other Music Services, Labels, Publishers

image from www.capitalatplay.comMusiio has raised a $1 million seed round to continue development of its use of artificial intelligence (AI) which brings Spotify-like discovery and curation tools to other music services and AI driven A&R tools to labels and other music companies. Singapore’s Wavemaker Partners US's Exponential Creativity Ventures and undisclosed angels participated in the round.

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Spotify (SPOT) Stock Continues To Fall

Spotify newSpotify (SPOT) stock fell 2.83% Wednesday after the streamer's Q2 earnings report and news of two major acquisitions. The stock was trading down another 2.21% at $132.46 in pre-market trading Thursday.

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Harvey Goldsmith's Edge Invests $4.5M In Festicket

image from res-5.cloudinary.comFesticket has added a $4.5 million investment from music industry veteran Harvey Goldsmith led Edge Investments. UK based Festickets serves as a music festival discovery and booking platform, including accommodations and VIP experiences.

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THE PITCH: FeedFM - Music For Fitness and Wellness

The pitchIn response to a new wave of interesting music tech startups, we're bringing back THE PITCH, a semi-regular feature that allows promising apps and services to share a very short "pitch" about why we should all be paying attention. First up is music + fitness app Feed.FM.

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SoundRoyalties Opens Nashville Office, Networking Space

Soundroyalties[UPDATED] Sound Royalties has added a Nashville location. To oversee the expansion of the music industry specialty finance firm, Sound Royalties’ CEO and Founder Alex Heiche is now operating full time out of Nashville.

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Dreamville Sessions: The Album Cycle Reimagined [Jack Udell]

2Here Jake Udell explores how one artist is reinventing the traditional album cycle by using a marketing a strategy which goes past building anticipation, instead using the groundwork of fan loyalty to propel the release.

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RealNetworks Takes Control Of Napster Music Streaming Service For Just $1M Up Front

Napster logoRealNetworks has doubled its stake in Rhapsody International, which operates the Napster music streaming service. RealNetworks now owns 84% of Napster and will operate it as an independent subsidiary. The transaction values Napster at less than $140 million.

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Tencent Music (TME) Upgraded As Analyst Praises Streamer's Unique, Profitable Revenue Model

Tencent musicJust weeks after Tencent Music's belated IPO on the New York Stock Exchange, JPMorgan has given a strong endorsement to the Chinese Music streamer, moving it from hold to buy with a $16.00 target price. Tencent Music closed Friday trading at $14.35, up 10.6% on the news.

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6 Incredible Groups Promoting Music Education In Africa

1In this piece, Jamie Ehrenfeld highlights six amazing organizations working within the continent of Africa to promote the future of music and musical education across the 54 distinct nations.

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Show4Me Closes $12.8M Round For Music Crowdfunding, 'Fan Interaction Network'

image from res-1.cloudinary.comWefuture announced that it has closed a$12.8 million series A round from a UK-based corporate investor. The UK startup will use the funds to transition its Show4Me site from concert crowdfunding platform to a broader "music interaction network."

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Music Health Alliance Saved Music Community $40M In Health Care Costs

1In a recent announcement, the Nashville, TN non-profit Music Health Alliance revealed that they have successfully saved the music community more than $40 million in healthcare costs during the course of the past six years, helping over 9,700 clients.

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Deutsche Bank Raises UMG Valuation 45% To $33 Billion As Sales Search Continues

UMG squareDeutsche Bank has raised its valuation of Universal Music Group 45% to $33.19 billion, up from a previous  $22.86 billion. That values UMG higher than the market capitalization of its parent company Vivendi, which currently sits at $32.35 billion.

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Top Analysts Cut Spotify [NYSE: SPOT] Stock Price Target, See Rough Ride Ahead

Spotify New $Four top stock analysts have shifted to a bearish outlook for Spotify (NYSE: SPOT). Monday, Guggenheim, Deutsche Bank, Stifel and Nomura reset their target prices to $120, $135, $170 and $188 respectively. All are above Spotify's current $119.36 price at close of market Monday.

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HMV May Be Rescued From Bankruptcy By Buyvia

Hmv-story-coverBeleaguered music retailer HMV may be saved from bankruptcy by Buyvia, an online discount club with more than 200,000 members in the UK. The proposed plan would save a number of retail stores and use Buyvia's expertise to overhaul HMV's digital presence.

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Spotify (SPOT) Stock To Rise Up To 80%, says Top Analyst, Sees "Music Industry As Highly Investable"

Spotify New $UPDATED: Spotify stock will rise to $200 within the next 12 months, according to top analyst Rob Sanderson of MKM Partners. Spotify (SPOT) stock was trading at $110.96 in pre-market trading on Wednesday, making the $200 prediction an 80% upside. The stock closed at $112.71 on Wednesday. The Dow ended the day up just .08%.

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Gifnote App Maker Audiobyte, Exceeds $6M Funding Goal, Extends Round

image from celebrityaccess.comAudiobyte, creators of the popular music clip app Gifnote, has announced plans to extend its latest round of venture capital after “blowing past” its initial $6 million goal. The round, which was led by Manhattan-based Evolution VC Partners, will now be joined by Northwood Ventures, which provided earlier angel-stage funding.

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10 Musical Charities To Donate To This Holiday Season

2As always, one of the best gifts you can give this holiday season is a donation to charity, but with so many options out there, it can be difficult to know where to begin. Here Angela Mastrogiacomo looks at ten outstanding charities centered in and around the music industry that could benefit from you help.

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Trala Scores $1.3M For Violin Learning App, Another Win For Techstars' Startup Incubator

image from violinlounge.comTrala has raised an oversubscribed $1.29 million seed investment round for its violin learning app. Trala is part of the Techstar Chicago startup incubator.

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Tencent Music [TME] Ends First Trading Day Up 7.7%

Tencent musicAfter opening at $14.10, Tencent Music ended its first day of trading Wednesday up $1.00 at $14.00 or 7.69% above it's $13.00 target IPO asking price. At one point in the day, the stock was trading at $14.75. 60,190,565 shares of TME traded hands on Wednesday.

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Audiobyte Raises $6M For Gifnote Music Gif App

GifnoteAudiobyte,  the parent company of Giftnote and Songbytes has completed a $6 million financing round led by Evolution. The company's apps create short licenced music plus graphics clips that can be shared in social and text messages.

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Tencent Music IPO's At Reduced $12.3B Valuation

Tencent musicTencent Music [TME] will launch its scaled down U.S. IPO on Wednesday. China's largest music streamer priced shares at $13 ahead of its NYSE listing hoping to raise $1.1 billion. The IPO had originally been scheduled for October 18th.

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Qobuz Hi-Res Streaming Service US Launch Imminent

1While consumer need for a hi-res streaming services seems to have cooled down of late and most listeners seemingly content with CD-quality music, Qobux close to imminent launching its hi-res streaming and download platform in the US.  The news comes on the same day that Sony became the first major label to launch its own hi-res streaming service.

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PresskitTO Disappears Without Notice Leaving Many Musicians Without Promo

image from res-2.cloudinary.comDigital press kit service presskit.to has gone offline without warning, leaving hundreds, if not thousands of artists and marketers without access to their promotional material.

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How Create Music Group Located $60M In Unclaimed Revenue For Artists, Labels In Three Years

1Here Dana Feldman looks at how Los Angeles-based company Create Music Group has been able able to impact the online streaming economy in artists' favor by tracking down $60 million dollars in unclaimed streaming revenue.

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Institutional Investors Bought $1.4B In Spotify Stock In Q3 (NASDAQ:SPOT) 

Spotify New $At least nine major institutional investors have significantly upped their stake in Spotify (NASDAQ:SPOT) in recent months. Total new institutional investments in Spotify topped $1.4 billion in Q3.

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Meta Trends That Will Shape Music Industry In 2019

1As the music industry closes the door on 2018, some of the promised technologies of the year, like blockchain and AI, hit the world of music with more of a fizzle than a bang, but 2018 did deliver some indicators for what meta trends will likely have the most impact as we move forward into 2019.

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