Spotify buys Loudr in latest publishing-royalties effort

Spotify’s latest acquisition is its latest move to tackle the problems it has faced identifying, tracking and paying royalties to music publishers and songwriters. The company has snapped up Loudr, which does exactly that, for an undisclosed amount. “Loudr will continue to provide select services to its publishing and aggregator partners, while contributing to Spotify’s continued […]

A&R’s data moment: Sodatone acquisition and Instrumental funding

Two separate announcements yesterday highlight the fact that big-data and machine-learning for A&R purposes are enjoying a bit of a moment – after years of being mostly seen as a controversial niche when they cropped up in the on-stage conversations at industry conferences. Music Ally has been to countless panel sessions where A&R veterans scoffed […]

Reliance claims $1bn valuation for Saavn and JioMusic merger

Indian telco Reliance Industries is merging its own music-streaming service JioMusic with independent player Saavn, in a deal that it says values the merged entity at more than $1bn. It’s promising that the resulting business will offer “global reach, cross-border original content, an independent artist marketplace, consolidated data and one of the largest mobile advertising […]

Universal Music buys 70% stake in Kenyan label AI Records

Universal Music Group’s expansion plans are making Africa a priority, with the latest example being UMG’s acquisition of a majority stake in Kenyan label AI Records. According to news site Business Daily, Universal has bought a 70% stake in the label, whose artists include well-known east African artists like Orchestra Super Mazembe, Afro 70, and […]

Music-making firm Splice buys remix-contest site Indaba

There is more consolidation afoot in the digital music-making space, following the news earlier this month that BandLab was buying Gibson’s Cakewalk division. Now one of its rivals, Splice, has snapped up veteran remix-contests site Indaba Music for an undisclosed amount. “Over the years, Indaba has connected its community of musicians to over a thousand […]

European Commission to assess Apple’s Shazam acquisition

Apple announced plans to acquire music-recognition firm Shazam in December 2017, but European regulators may yet throw a spoke in the works of the deal. “The European Commission has accepted a request from Austria, France, Iceland, Italy, Norway, Spain and Sweden to assess under the EU Merger Regulation the proposed acquisition of Shazam by Apple,” […]

CD Baby’s parent company buys AdRev and DashGo

The parent company of distributor CD Baby has executed a mini-rollup of B2B services. AVL Digital Group has acquired AudioMicro, which in turn owns YouTube-monetisation tool AdRev and label-services provider DashGo, as well as its own sync-licensing platform. The intention here is to offer AudioMicro’s services as part of CD Baby’s package for artists and […]

Apple has bought an augmented-reality headset startup

Sorry, the rumours about Apple making an AR headset and/or smart glasses are going to keep on coming until the company actually makes one. At least there’s some concrete fact to the latest story: Apple has acquired a startup called Vrvana that was making an AR headset called the Totem. TechCrunch claims that the acquisition […]

Access to new sources of finance could fuel a new golden age for music (guest column)

The international music industry is entering a new golden age. A kind of second gold rush. We’re right at the start, and it’s streaming that’s largely responsible. This business has suffered a long period of decline in terms of sales but I’m hugely optimistic about where we are headed right now. You have the biggest […]

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