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Digital Economy

Songtradr finalises the acquisition of B2B digital platform 7digital for £19.4 million

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Music licensing company Songtradr has closed on the acquisition of B2B digital platform 7digital, in a deal valued at £19.4 million (€21.9m).
In February, the Board of Directors of 7digital agreed to Songtradr's proposal to acquire the totality of 7digital’s shares in a cash offer. The deal was approved by Songtradr's Board and also received all regulatory approvals.
"The acquisition is now complete," said Songtradr in a statement. "The transaction solidifies Songtradr’s position as a key leade...

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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).

Copyright & Regulation

European Commission opens formal probe into Google’s alleged use of content from web publishers for AI purposes

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The European Commission has opened a formal antitrust investigation into Google's use of content from web publishers, as well as content uploaded on Google-owned online video-sharing platform YouTube, for artificial intelligence purposes.
The probe will assess whether Google has breached EU competition rules and will "examine whether Google is distorting competition by imposing unfair terms and conditions on publishers and content creators, or by granting itself privileged access to such conten...

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Digital Economy

Audible Magic’s Will Hughes appointed Chief Revenue Officer at SoundPatrol

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Will Hughes has joined SoundPatrol as Chief Revenue Officer. Prior to SoundPatrol, Hughes worked for over six years at data company Audible Magic, most recently as VP Account Management & Customer Success. Before that he was Senior Client Partner at Songtradr.
SoundPatrol is the research lab for large music models launched by former CAA co-Fonder and Chairman Michael Ovitz. At SoundPatrol, Hughes will lead "commercial strategy and help shape the product roadmap with industry partners as we s...

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Data

Sonovy joins WIN Supporters programme

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Global music technology company Sonovy has joined the WIN Supporters programme, launched by independent labels' global organisation WIN. The scheme is open to those who want to "support WIN’s work, champion the global independent music sector, and engage with its entrepreneurs in a sustainable and mutually beneficial way."
Sonovy provides professional music distribution, rights management, and royalty reporting solutions for independent artists and labels. “Sonovy’s vision is to strengthen the g...

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