Facebook confirms $5.7bn investment in JioSaavn’s parent telco

In March, we reported on speculation that Facebook was in negotiations to buy a 10% stake in Indian telco Reliance Jio, the parent company of music streaming service JioSaavn. Now Facebook has confirmed that it has made a $5.7bn investment in the company, which will make the social network its largest minority shareholder. Music wasn’t mentioned in the press […]

The Weeknd invests in esports company OverActive Media/Splyce

If an esports company exists and a US pop star or major label doesn’t buy a stake in it, does it even exist? That existential conundrum is not one that OverActive Media, the company that owns esports brand Splyce, will have to worry about now as The Weeknd has just invested in it. The Canadian company […]

Legacy Entertainment Ventures wants to turn stars into VCs

We’ve become used to musicians investing in startups, and not just as individual angel investors either. Snoop Dogg, Nas and Linkin Park are among the artists who’ve set up proper venture capitalist vehicles. Now US VC firm Loud Capital wants to help more celebrities, from musicians to esports stars and influencers, turn investor. It has launched […]

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