Tencent may seek partners for Universal Music investment

It’s been known for some time that Chinese tech firm Tencent is in talks to buy a 10% stake in Universal Music Group, with an option to acquire another 10% for up to a year afterwards. The deal is thought to value UMG at around €30bn, but now there’s been a development: Tencent may not […]

Report: Facebook held serious acquisition talks with Musical.ly

Chinese technology firm Bytedance bought social-video app Musical·ly for reportedly north-of-$800m in November 2017. Then, in August 2018, it folded Musical·ly into TikTok (obligatory reminder: Musical·ly had nothing to do with us, Music Ally, and thus we’re still open to nine-digit acquisition offers…) But in a parallel reality, Musical·ly is now owned by… Facebook! Well, Buzzfeed News […]

Shazam financials reveal it added 78m users in 2018

Shazam reached 478 million annual active users in 2018, which is 78 million more than in the previous year. The company’s revenues fell by 23% to £31.4m last year, but it swung from a loss of £17.7m in 2017 to a profit of just under £124m in 2018.  That’s the benefit of being bought by […]

Google tipped to buy TikTok-ish social app Firework

Another story for the soon-to-be-bulging file of ‘TikTok killers’ – most of which will turn out to be anything but. According to the Wall Street Journal, Google “has held discussions” about acquiring a startup called Firework, whose smartphone app is like TikTok, but with a 30-second limit (rather than 15) for videos, and an older demographic. […]

Alibaba reportedly buying a 20% stake in NetEase Cloud Music

Big moves are afoot in China’s music-streaming world, with reports that tech giant Alibaba is acquiring a 20% stake in NetEase Cloud Music, as part of a wider $2bn investment in the latter’s parent company NetEase. MBW suggests that the deal may value NetEase Cloud Music as high as $9bn – less than half that of rival […]

Look beneath the drama of the BMLG / Scooter Braun / Taylor Swift row

There’s a whole sub-genre of YouTube channels and Instagram accounts dedicated to documenting ‘drama’ – the breakups, makeups, shade and almighty rows within the world of social-media stars. Today, music-industry media feels like our own version of that, as all hell broke loose over the news that Big Machine Label Group has been acquired by Scooter […]

BandLab buys British music-media brands NME and Uncut

TI Media (formerly magazine publisher Time, Inc’s UK subsidiary) is selling two of its key music properties to BandLab Technologies, the company behind the BandLab music-creation app. NME and Uncut are the brands in question: the former is the digital-only incarnation of the famous weekly music magazine – the print edition closed in 2018 – […]

Downtown Music snaps up CD Baby as part of AVL acquisition

Downtown Music Publishing’s parent firm is acquiring AVL Digital Group, the company that includes distributors CD Baby, DashGo and Soundrop, as well as video-monetisation outfit AdRev. In its announcement of the deal, Downtown noted that AVL’s companies work with more than 900k artists, labels and rightsholders, while distributing / making money for more than 10m tracks in […]

Songtradr buys music-licensing agency Big Sync Music

There is more consolidation afoot in the music-licensing world, with Songtradr announcing yesterday that it has acquired British firm Big Sync Music. The latter company focuses on sourcing music for brand campaigns, and counts Dove, Samsung, Amazon, Johnnie Walker and Axe among its clients. Songtradr intends to combine the agency’s contacts and knowledge with its […]

Spotify paid €300m for Gimlet Media and Anchor acquisitions

When Spotify announced that it was buying podcast companies Gimlet Media and Anchor, it declined to say how much it was paying, other than that they were part of a wider $400m-$500m earmarked for podcast acquisitions. “We’re not commenting on that today, because we have other transactions in the works, and I don’t want transactions […]

Spotify buys podcasting firms Gimlet Media and Anchor

Rumours that Spotify was about to shell out $200m-plus on podcast production company Gimlet Media were correct: the acquisition was announced today. But Spotify is also buying a second company, Anchor, which makes an app that people can use to create their own podcasts. The value of the acquisitions has not yet been announced (Spotify […]

PledgeMusic asks for patience amid acquisition talks

After a troubling start to 2019 (and to be honest, a pretty worrying 2018 for artists whose payments were delayed) PledgeMusic is asking for patience as it sorts out its financial issues. “The situation that PledgeMusic has found itself in is unacceptable and to all of the artists, managers, labels and fans who have put […]

SiriusXM reveals more on its plans for Pandora

As it prepares to close its acquisition of Pandora, satellite-radio service SiriusXM has published its latest quarterly financials. We already new from the company’s trading update earlier this month that it ended 2018 with 34 million subscribers in the US. Now we also know that SiriusXM’s revenues grew by 6% to $5.8bn last year – […]

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