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Digital Economy

China’s Allsaints Music Group raises $60m in a Series B1 round led by CMBI and OPPO

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China's Allsaints Music Group has completed a $60 million Series B1 round financing, led by CMBI and OPPO with co-investors including Xiaomi and Hui Capital. Lighthouse Capital was the exclusive Financial Advisor to Allsaints Music Group on this transaction.

Early strategic investors of Allsaints Music Group were OPPO, vivo, and Xiaomi. Working with music industry partners, Allsaints Music Group integrates hardware, software, music content, mobile internet and blockchain technology to help ...

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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).

Data

Session and SoundCloud seal partnership to better disseminate essential song metadata

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Session, which provides tools for music creators, and SoundCloud have agreed to a partnership that will see the audio streaming platform to digitally receive both song audio and the essential song metadata directly from the Session Studio app.

"The significance for creators and the wider industry is monumental; SoundCloud becomes the first user-generated content platform to prioritise the upload of important credit information for music creators," said Session in a statement.

Session was...

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Copyright & Regulation

Google reveals 95.6% of users’ complaints in India in August were related to copyright

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Google has removed a total of 138,332 pieces of unlicensed content, mostly due to copyright issues, as a result of user complaints in India in the month of August, according to the company's monthly compliance report.

The report reveals that the Alphabet-owned company received 37,282 complaints from Indian users in the month of August, leading to the removal of close to 140,000 pieces of content, in compliance with the country's new the Information Technology (Intermediary Guidelines and Dig...

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Collective Management Organisations

Pex launches rights organisation RME-Rights Made Easy to provide digital attribution and royalty payments services

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Digital rights technology company Pex has launched RME-Rights Made Easy, described as a "digital-first rights management organisation, to provide proper attribution and transparent royalty payments for creators worldwide."

Pronounced R·ME, the new collection organisation said in a blogpost that its purpose it "fighting for fair and accurate royalty payments by bringing pay-per-play licensing, the lowest transaction fees, and the most advanced technology available to an industry unwilling to ...

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