SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Digital Economy

Songtradr raises $50m in a funding round valuing the company at $300m

Published

2 years ago

on

By Emmanuel Legrand

Los Angeles-based B2B music licensing marketplace Songtradr has completed a $50M Series D funding round, led by Australian based institutional investors Regal, Aware Super, Perennial, Argo and Greencape, and with a follow-on investment from Founder/CEO of Wisetech Global, Richard White.

"Attracting such a blue-chip investor base into this round further endorses our vision of the future music industry in this rapidly evolving digital world, providing a strong foundation for...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Related Topics:

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).

Continue Reading

Digital Economy

Tencent Music Entertainment revenues for 2022 were down 9.3% to $4.11 billion

Published

8 mins ago

on

March 27, 2023

By

China’s digital music and audio entertainment platform Tencent Music Entertainment Group (TME) has posted revenues of RMB28.34 billion ($4.11bn), down 9.3% year-over-year. Net profit for 2022 was RMB3.68bn ($533m), representing a 21.4% year-over-year growth.

The company — which operates three of the country’s largest music streaming services: QQ Music, Kugou Music and Kuwo Music — said that the decrease was mainly due to a 19.8% drop in revenues from social entertainment services and others ...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Digital Economy

Universal Music Central Europe and web3 start-up Centaurify partner to explore new forms of digital engagement with fans

Published

3 days ago

on

March 24, 2023

By

Universal Music Central Europe (UMG) has partnered with web3 music company Centaurify to deliver a range of solutions for UMG artists who want to explore new forms of digital engagement with fans.

As part of the partnership, UMG will release a series of exclusive, limited-edition collectibles celebrating their artists' achievements. These collectibles "celebrate achievements in the artist's career and give fans a chance to own a piece of music history," according to UMG.

A UMG collectibl...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Calendar — Week 12, 2023

Published

4 days ago

on

March 24, 2023

By

MARCH 2023

– March 29

AIM Connected, the conference organised by the UK’s Association of Independent Music (AIM) will take place at the Barbican in London on Wednesday 29th March 2023.

APRIL 2023

April 27-28

c/o pop Convention 2023 in Cologne, Germany.

– April 28

Liverpool Sound City Conference & New Music Friday, at multiple locations in Liverpool.

MAY 2023

– May 3-7

BIME Pro & Live, held in the Creative District of San Felipe, in the heart o...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending