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Digital Economy

Music Deals — Week 02, 2022

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Paris-listed independent music company Believe has acquired a 51% stake in Jo&Co, a French independent music and video production company founded by Sébastien Saussez in 2010. Terms of the transaction were not disclosed. Believe said the acquisition will help the group “consolidating its position in France” and also “continuing to diversify its roster.”  “This deal will boost Jo&Co’s digital growth while keeping its singular artistic direction,” said Believe in a statement. Jo&Co’s ...

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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).

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Digital Economy

Sony’s Crunchyroll has acquired anime publisher and distributor Right Stuf

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Sony-owned anime studio Crunchyroll has acquired Right Stuf, an online video publisher and distributor of anime products. Terms of the transaction were not disclosed.

The deal will help Crunchyroll expand its eCommerce activities. Right Stuf CEO Shawne Kleckner and the Right Stuf team will join Crunchyroll's Emerging Businesses division, led by Terry Li.

“For 35 years, Right Stuf’s mission has been to connect anime fans with the products they love,” said Kleckner. “Joining forces with Cru...

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Digital Economy

SoundCloud to shed 20% of its workforce

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Music streaming service SoundCloud has announced that it will reduce its workforce by 20%, according to a LinkedIn post from the company's Chief Executive Officer Michael Weissman, who said the decision was dictated by a challenging economic climate."

"Earlier today, I shared the news that we have decided to make reductions to our global team that will impact up to 20% of our company," wrote Weissman. "Making changes that affect people is incredibly hard. But it is one that is necessary to e...

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Creative Industries

Musical chairs — Week 29, 2022

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USA

SoundExchange's Luis Bonilla

Music rights society SoundExchange has promoted Luis Bonilla to the position of Chief Technology Officer, effective August 1, 2022. Based in Washington, DC, he will report to President and CEO Michael Huppe. “Luis’s vast institutional knowledge, deep expertise, and proven leadership record make him an invaluable asset to SoundExchange,” stated Huppe. “With over a decade of experience enhancing our data and processes, Luis is uniquely positioned to champion...

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