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Digital Economy

Vietnam’s VNG Corp, operator of music streaming service Zing MP3, files for an IPO

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Vietnam internet company VNG Corp is filing for an initial public offering (IPO) with the ambition to be quoted on the NASDAQ stock exchange.
Ho Chi Minh City-based VNG, founded in 2004, is the leading mobile games publisher in Vietnam, and also operates messaging platform Zalo, music streaming service Zing MP3 and online news app Bao Moi.
"We are Vietnam’s leading, homegrown digital ecosystem, with diverse and competitive product offerings across games, communications and media, fintech and o...

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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

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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Creative Industries

Warner Music Group settles with Suno and signs licensing partnership

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Warner Music Group has settled its copyright infringement suit against Suno, and announced a new partnership with the music AI company that will "open new frontiers in music creation, interaction, and discovery, while both compensating and protecting artists, songwriters, and the wider creative community."
WMG said the deal "brings together Suno's best-in-class AI capabilities with WMG's artist development leadership and expertise at the intersection of music and technology." The deal appears to...

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