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Digital Economy

BandLab raises $53 million in a new funding round valuing the company at $303 million

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Singapore-based social music platform BandLab has raised $53 million in a funding round led by Vulcan Capital, the investment vehicle of Microsoft cofounder Paul Allen, alongside venture capital firm K3 Ventures. The round values BandLab at $303 million.

The company said the investment will be used to "expand its team and continue to refine and grow its offerings to music creators and aspiring artists worldwide."

“With a passionate community of millions worldwide, BandLab has an incredibl...

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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

beatBread partners with Kobalt and AMRA to offer publishing and licensing services

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AI-driven funding platform beatBread has partnered with Kobalt Music Group to offer publishing administration services to its users, and with Kobalt-owned rights licensing and management company AMRA to provide digital licensing and collections outside the US.

"The new agreements will allow beatBread songwriters and artists to earn and collect royalties from their work globally through Kobalt and AMRA respectively," said beatBread is a statement. The agreement allows beatBread to extend its...

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Digital Economy

Most OTT viewers use the ad-supported tiers of video streaming services in the US

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The penetration of subscription over-the-top (OTT) ad-supported services is growing in the USA, according to estimates from marketing and research company eMarketer.

The most popular of all paid ad-supported services is Amazon Prime Video, for which eight out of ten subscribers choses to use the ad-supported tier, according to eMarketer's February 2024 forecast.

(Source: eMarketer)

The company estimates that Amazon Prime Video will have 130.4 million US ad-supported viewers this year,...

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Creative Industries

Music deals — Week 14, 2024

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Here is a list of some of the main music deals announced in the past week:

Rock band KISS have signed an agreement with Pophouse which will give the Swedish entertainment and music investment firm ownership of KISS’ artist share of the master recordings and publishing rights. Financial terms of the transaction were not being disclosed but AP estimated that the deal was “over $300 million.” The transaction is subject to certain conditions and regulatory approvals. “Working closely with...

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