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Creative Industries

FUGA and Fintage House contribute to Verifi Media’s $4 million financing round

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Rights data management company Verifi Media has completed a $4 million funding round, led by Downtown Holdings-owned full-service B2B music distribution company FUGA; global music, film, and TV rights company Fintage House; and QVT Family Office Fund LP.

  "By participating in the round, these key media and finance companies demonstrate a strategic commitment to modernising rights management tools, while jointly developing key modernized services to al...

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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).

Creative Industries

Beatport Group acquires a majority stake in International Music Summit (IMS) Ibiza

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Beatport Group, the global platform for the dance music sector, has acquired a majority stake and formed a partnership with the International Music Summit (IMS) Ibiza.

Terms of the agreement were not disclosed. Beatport said in a statement that the partnership "will enhance and secure the future growth and expansion plans of the IMS business platform."

Established in 2007 by five partners — Ben Turner, Danny Whittle, Mark Netto, Pete Tong and Simeon Friend —, IMS Ibiza is one of the main...

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Creative Industries

Warner Music launches music-themed metaverse project Rhythm City on Roblox

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Warner Music Group (WMG) has launched Rhythm City, a music-themed social roleplay experience on Roblox, developed in partnership with gaming and content company Gamefam.

WMG said Rhythm City will "introduce users to artists and music through social roleplay and provide them access to a collection of digital items sold exclusively on Roblox."

"As our lives become increasingly digital, exciting opportunities are opening up for artists and fans to engage and interact", said Oana Ruxandra, ...

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Creative Industries

Fitness platform Metal Workout inks licensing agreement with Tuned Global

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The metal-themed fitness app Metal Workout has partnered with Tuned Global to use the the B2B service company's API services and playlisting tool.

"Tuned Global’s tools will ensure Metal Workout’s on-demand video workouts for metalheads deliver the best user experience," said the company.

“Fitness went digital during the pandemic but is now experiencing deep differentiation as apps and platforms find their audiences. Many of those audiences are defined and motivated by music,” ex...

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