Day: 13 octobre 2020

Livestreaming startup Moment House raises $1.5m from starry seed investors

Scooter Braun, Troy Carter, Patreon CEO Jack Conte, actor Jared Leto and artist Kygo’s Palm Crew Investments are among the investors in the latest ticketed livestreams startup, Moment House, which announced its $1.5m seed funding round today.
The round was led by Forerunner Ventures, with Sequoia Capital partner Jess Lee also among the angel investors, as the startup also announced the first set of artists who’ll be using its platform.
Kygo is one of them alongside Yungblud – who’s using Moment House for his ‘digital world tour’ – Blackbear, Kaytranada, Denzel Curry and Ruel.
Ahead of the announcement, Music Ally talked to CEO and co-founder Arjun Mehta about his plans for livestreaming experiences that fans will be happy to pay for.
A graduate of the USC Jimmy Iovine & Dr. Dre Academy, Mehta counts on the strong support of his “mentor” Iovine, alongside the angel investors who are being announced today.
In one sense, Moment House is not wildly different to the other livestreaming platforms jostling for attention during the Covid-19 pandemic: Maestro, Veeps, StageIt, Release Party, Bulldog DM and the rest.
In this case, artists announce shows (or “moments”) and sell tickets to those shows, along with up-sells to merchandise and VIP experiences. Mehta is hoping that the quality of the fan experience will help Moment House to stand out from the crowd.
The post Livestreaming startup Moment House raises $1.5m from starry seed investors appeared first on Music Ally.
Source: Music ally

Disney reorganisation makes streaming its ‘primary focus’

Streaming being the primary focus for record labels is nothing new in our industry, but in Hollywood it’s still a major talking point.
Witness Disney’s announcement yesterday that the company is having a strategic reorganisation of its media and entertainment businesses “designed to further accelerate the company’s direct-to-consumer strategy, in light of the rapid success of Disney+”.
This isn’t Disney abandoning cinemas entirely, of course, but the announcement did make it clear that it’s now the company’s own streaming services (note the plural: Hulu and ESPN+ are included here) that come first, and the “legacy distribution business” second.
The post Disney reorganisation makes streaming its ‘primary focus’ appeared first on Music Ally.
Source: Music ally

Motive Unknown launches sister company Positive Subversion

Digital marketing agency Motive Unknown is spinning off a new company called Positive Subversion, which it describes as a “project and label management consultancy for independently-minded artists, managers and record labels”.
It’s a partnership with former !K7 exec Siofra McComb, and has already signed up Run The Jewels (already a Motive Unknown client) and label Innovative Leisure as its first clients.
“Managers are taking on more and more, but often lack the hands-on resource to manage the minutiae of a release campaign. We have also seen that taking on permanent staff in this space doesn’t make good sense due to the cyclical nature of campaigns,” said Motive Unknown boss Darren Hemmings.
The post Motive Unknown launches sister company Positive Subversion appeared first on Music Ally.
Source: Music ally

Monstercat goes ‘hyper-casual’ with Amanotes mobile games deal

Electronic music label Monstercat has always been keen to get its music into games, with a series of inventive licensing deals and partnerships. Its latest is with Amanotes, the Vietnamese developer of ‘hyper-casual’ mobile games.
The deal has already made some of Monstercat’s catalogue available within Amanotes’ biggest mobile game, Tiles Hop (350m downloads and counting) with plans to add the tracks to more than 30 of its other games by the end of this year.
Amanotes says it has more than 95 million monthly active users across those games, with a demographic dominated by 25-44 year-old women.
The post Monstercat goes ‘hyper-casual’ with Amanotes mobile games deal appeared first on Music Ally.
Source: Music ally

Feeling Good: free report on music, fitness, wellbeing and technology

Earlier this month, Music Ally teamed up with British industry body the BPI for an online event called ‘Feeling Good’ about the intersection of music, fitness/wellbeing and technology.
Now we’ve published a tie-in report, which you can download for free here. In it, we’ve explored some of the companies who’ve been innovating in these areas, from Peloton and Calm to Weav Music, FitXR, Headspace and more.
We’ve also looked at the playlist ecosystems emerging around fitness and wellbeing on streaming services; explained ‘gymfluencers’ and their musical activities; and reported on the views of 7digital and a panel of experts (WMG’s Scott Cohen, CrossBorderWorks Consulting’s Vickie Naumann and Sound Media Ventures’ Shachar Oren) convened at the event. Enjoy!
The post Feeling Good: free report on music, fitness, wellbeing and technology appeared first on Music Ally.
Source: Music ally

Report: Triller could go public with shell-company merger

Remember those July reports that short-video app Triller was raising a funding round of up to $300m? Whatever happened to that? Reuters has an update, claiming that the company has “so far secured around $100 million in that round at a $1.25 billion valuation” according to unnamed sources “familiar with the matter”.
However, the report claims that Triller may opt against the funding round after all, and instead go public via a merger with a ‘SPAC’ (a special purpose acquisition company: a shell company formed solely to raise money through an IPO, then merge with a private company to take the latter public).
SPACs are currently popular in the US for “providing a path to going public with less regulatory scrutiny and more certainty over the valuation that will be attained and funds that will be raised” according to Reuters.
The post Report: Triller could go public with shell-company merger appeared first on Music Ally.
Source: Music ally

Soundtrack Your Brand renews WMG deal, launches on-demand tier

B2B streaming service Soundtrack Your Brand has renewed its licensing deal with Warner Music Group, a couple of months after striking an agreement with Universal Music Group.
In WMG’s case, it’s a renewal of the deal signed two years ago with Soundtrack Your Brand, which provides music to businesses including retailers, restaurants and hotels.
The news came as the company also announced a new tier for its service, Soundtrack Unlimited, which will offer customers on-demand access to its playlists (rather than just being able to play them as curated) and enable them to build their own playlists, for a higher price.
The post Soundtrack Your Brand renews WMG deal, launches on-demand tier appeared first on Music Ally.
Source: Music ally

US gets new #SaveLiveEventsNow campaign to support live music

We’ve written about the #SaveOurStages campaign in the US to support independent music venues, launched by their representative body NIVA. Now there’s another campaign, #SaveLiveEventsNow, which expands the remit to larger venues and the people who work on concerts and festivals using them.
It’s backed by a who’s who of the industry: the RIAA, Recording Academy, Live Nation, AEG Presents, Universal Music Group, key talent agencies and more.
“Saving our stages is one component of what our industry needs,” claims the new campaign’s website, making its status as a reaction to NIVA’s drive clear. “We also need to save the people who power live events so that they can bring music, theater, comedy and all kinds of culture back when the show can go on once again.”
The post US gets new #SaveLiveEventsNow campaign to support live music appeared first on Music Ally.
Source: Music ally

Round Hill Music confirms plans for $375m Royalty Fund IPO

The rumours were right: music publisher Round Hill Music is planning to take its songs fund public. The Round Hill Music Royalty Fund has announced plans to raise $375m through an IPO on the London Stock Exchange. You can read its announcement here.
The company says it has already identified more than 40 catalogues containing more than 120k songs that it plans to buy with the proceeds from the IPO.
The lineup of artists whose work is included in those catalogues is long and starry: The Beatles, Celine Dion, the Rolling Stones, Louis Armstrong, Marvin Gaye, Elvis Presley and… well, you get the picture.
The post Round Hill Music confirms plans for $375m Royalty Fund IPO appeared first on Music Ally.
Source: Music ally

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