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Digital Economy

TikTok Music launches in Indonesia and Brazil as a subscription streaming service

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Move away Russo, here comes TikTok Music, a new music streaming service launched by ByteDance, TikTok's parent company. ByteDance is phasing out its existing streaming service Resso and replacing it by TikTok Music, already available a subscription-only music streaming offer to consumers in Brazil and Indonesia. Current Russo users will be able to migrate their account information to TikTok Music before September 5, when Russo will cease to operate. The third country where Russo is availab...

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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

Fox Corp. acquires streaming platform Roku in a $22 billion transaction

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​Fox Corporation, the entertainment company owned by the Murdoch family, has made an offer to acquire Roku in a cash-and-stock deal that values the connected TV platform at about $22 billion.  The transaction "will really help define the future ​of television in the United States and in many other markets around the world,” according to Executive Chair and Chief Executive Officer Lachlan Murdoch, who took over the leadership of the company from his father Rupert Murdoch. Roku reaches over 100 m...

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Digital Economy

Netflix taps Jay Hoag as Chair of ‌the Board

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Netflix has appointed Jay Hoag to replace Reed Hastings as Chairman of ‌the Board of the video streaming platform, according to an SEC filing. Hastings announced earlier this year that he would be stepping down before the summer from the Board of the company he co-founded nearly three decades ago and grew from a DVD mail order service to the world's largest video streaming platform. In the future he will be focusing on ​focus on philanthropy and other ​projects. Hoag is the co-founder of growt...

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Digital Economy

Suno valued at $5.4 billion following a $400 million Series D funding round

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Music AI company Suno has raised over $400 million in Series D funding, which values the company at $5.4bn, in a round led by Bond Capital, alongside IVP, Forerunner, Union Square Ventures, Alkeon and Quiet, with participation from existing investors Matrix, Lightspeed, Menlo Ventures, and Schroders Capital. The last funding round in November 2025 valued the company at $2.45bn. "As with our previous funding rounds, we’re thrilled to have participation from some of the best artists, producers, so...

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