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Digital Economy

MelodyVR rebrands as Napster and raises $8.9m

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By Emmanuel Legrand

MelodyVR has rebranded as Napster Group Plc, as the company became listed on the London Stock Exchange's AIM listing on February 12. MelodyVR, which produces immersive music experiences, acquired music streaming service Napster for $70 million in 2020 and the integration of the two businesses will lead to a new music platform to be launched during the year.

"Having recently completed the acquisition of Napster/Rhapsody, we have taken the decision to rename our parent comp...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Digital Economy

BandLab expands its portfolio with the acquisition of AI-powered Aiode

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Singapore-headquartered music technology company BandLab Technologies has acquired Aiode, an AI-powered digital music studio which provides music creators access to fully licensed audio-to-audio models to create new music. Terms of the acquisition were not disclosed. BandLab Technologies, a division of Caldecott Music Group, owns and operates platforms such as BandLab, Cakewalk, ReverbNation and Airbit. Aiode will join BandLab's music-focused platforms BandLab and Cakewalk. “What sets Aiode apar...

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Digital Economy

DIMA names Alyssa Slaimen as Vice President, Government & External Affairs

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Washington DC-based Digital Media Association (DIMA), the trade association representing music streaming services, has appointed Alyssa Slaimen to the position of Vice President, Government & External Affairs. She reports to DIMA President and CEO Graham Davies. Slaimen joins from the office of Senator Peter Welch (D-VT), where she led the Senator's portfolio on intellectual property and artificial intelligence. Her work included legislation currently before the US Senate Judiciary Committe...

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Digital Economy

Sweden’s Reactional Music wins €2.5 million grant from the European Innovation Council

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Stockholm-based music personalisation platform for games and interactive media Reactional Music has been awarded a €2.5 million grant from the European Innovation Council (EIC). The EIC has also allocated up to €6.5m in future equity to match incoming capital. If fully exercised, this would bring the total potential EIC-backed funding to up to €9m. Reactional said the funding will support the company’s transition to large-scale commercial deployment. Priorities include scaling music delivery ...

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