Hivemind Capital Partners and cryptocurrency company algorithm purchased Napster† A tweet to announce the deal noted that the new owners intend “to revolutionize the music industry again by bringing blockchain and Web3 to artists and fans,” with the music industry vet Emmy Lovell come on board as Napster’s interim CEO. Napster was previously acquired by MelodyVR, a virtual reality live music company for $70 million in 2020. The following year, MelodyVR announced it would change its name to Napster Group PLC.
SoundCloud acquired AI technology company Music, allowing SoundCloud to enhance its discovery experience and “help identify talent and trends,” according to a press release. Musiio’s machine learning tools include B2B audio reference searches (described as AI that can ‘listen’ to music), automated tagging, and playlists. After the acquisition, Musiio co-founder/CEO Hazel Savage and co-founder/CTO Aron Pettersson were called vp, music intelligence and vp, AI and machine learning respectively; SoundCloud will also fully integrate all remaining Musiio employees.
To believe renewed its deals with Chinese digital platforms Tencent Music Entertainment and NetEase Cloud Music, allowing the company to continue developing its local and international artists on the platforms. Believe currently provides its labels and artists with daily streaming stats from both Tencent and NetEase, allowing them to monitor their performance on both platforms in real time. Believe has been active in China since 2016.
Our happy companya blockchain technology company for the creative economy founded by John Legend, Chris Lin and Kevin Linraised $7.5 million in seed round led by Infinity Ventures crypto and Animoca brands† The funds will be used to grow and develop the recently launched social NFT platform OurSong, including rolling out new features for creators to add experiences to their NFT projects that combine the physical and digital worlds. The seed round also included participation from Cherubic Enterprises† Circle Ventures† FBG Capital† main Street† HTC† jumping trade and North Island Ventures†
multimedia music bought the catalog from atlantic screen musicwhich houses the rights to music from films, including: 2 guns† Sole survivor† The host† Dredd† Escape plan and broken city, in a seven-digit transaction. Composers represented in the catalog include Max Richter, Lorne Balfe, John Paesano, John Debney, Atticus Ross, Antonio Pinto, Steve Jablonsky, Clinton Shorter and Paul Leonard Morgan. The acquisition follows an initial $100 million fundraising round for Multimedia from Metropolitan Partners Group and Pinnacle Bank, which previously enabled it to acquire the catalog of all music revenue and copyrights for composer James Newton Howard. Multimedia was represented in the Atlantic transaction by British law firm Russells.
Founder and CEO of S10 Entertainment Brandon Silverstein together with Simon Fuller to develop scripted and unscripted projects for film, TV, documentaries and audio under the S10 Movies banner. The partnership will open a pipeline between the two companies and potentially lead to opportunities for S10 customers, including Anitta and Normani; S10 also has partnerships with companies founded by Jay-Z, Ryan Tedder and Max Matsuura.
SoundExchange signed a data partnership with VEVA sound to increase the accuracy and efficiency of royalty payments to creators. SoundExchange will achieve this with VEVA Sound’s cloud-based audio file sharing platform, credits and metadata platform VEVA Collect, which collects and compiles creator credits with all associated audio assets to ensure fair compensation for everyone working on a recording.
streaming service qobuz expanded to six new countries: Brazil, Mexico, Argentina, Colombia, Chile and Portugal, bringing the total number of countries where the platform operates to 25. The expansion follows Qobuz’s recent $23 million fundraising round.
Polyvinyl Record Co. has acquired an equity stake in the San Francisco indie label Father/daughter records† Under the deal, the two labels will work together, while father/daughter retains autonomy over all creative decisions. Father/daughter will continue its worldwide distribution agreement with Secretly Distribution, while Polyvinyl will now handle direct customer delivery.
The Apple Music app is now available on the Year streaming platform, which allows Apple Music subscribers to stream the service on any Roku device, including Roku streaming players, Roku TV models, and Roku premium audio products, including the Roku Streambar Pro. Current Apple Music subscribers can access the app using their existing credentials; Roku users without an Apple Music subscription are offered a one-month free trial through the Roku channel store.
Independent record label and creative agency Big.Ass.Kids (BAK) Signed an exclusive joint venture and worldwide distribution agreement with WMG’s indie label and artist services division ADA worldwide† Founded by industry veteran Roy Benros 2021 will be Big.Ass.Kids’ first project with ADA See You Next Year, an emerging artist platform and layered campaign in partnership with Complex Network’s Pigeons & Planes, which will be anchored by a compilation album featuring 10 exclusive songs from emerging acts .
Def Jam recordings† 0207 Def Jam and Def Jam Africa have signed Ghanaian Afropop, dancehall and reggae artist Stonebwoy. Def Jam Africa will represent Stonebwoy’s music across Africa, Def Jam Recordings will be his label house in the US and 0207 Def Jam will support him in the UK Stonebwoy’s first release under the deal was the single “Therapy” on 3rd May. the first single from his forthcoming album, which will be released in mid-2022.
Bertus signed Dutch symphonic metal band Inside temptation to a worldwide distribution agreement for all physical releases. Under the agreement, which includes both new releases and reissues of previously released albums, Bertus will be responsible for development, execution, pressing, sales and both B2C and B2B distribution.
NFL Player and Artist Antonio “AB” Brown launched CAB recordsa new label specifically aimed at athletes who want to pursue music, in collaboration with vydia† At launch, professional athletes Jerry Jeudy, Le’Veon Bell and Robby Anderson have plans to partner with the label. Last month CAB released Brown’s new album Paradigm under his stage name AB.
Wisin has signed newcomer Andrea Serrano to his record label La Base Music Group, making her the first female performer on the roster. artistically known as dreamSerrano was part of Wisin’s group in the TV competition series The voice and reached the final. Dreah now joins La Base’s roster of emerging artists, including Linares, Chris Andrew, Abdiel and Wisin’s longtime producers Los Legendarios.
R&B artist GoGo Morrow signed with Harmony “H-Money” Samuels† BOE Records†Universal Music Canada in association with Kenya Barris† Khalabo music label (a joint venture with Interscope records† The first release under the deal is Morrow’s debut single “In the Way.”
Rapper producer Killboy signed at Atlantic Records† The first release under the deal is Killboy’s latest single “Daddy Issues”.