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Digital Economy

Hook raises $3.5 million in a seed funding round led by Point72 Ventures and Edgar Bronfman Jr.’s Waverley Capital

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Remix music platform Hook has raised $3.5 million in a Seed Round led by Point72 Ventures and Edgar Bronfman Jr.’s Waverley Capital. Other investors include Natalie Massenet and Nick Brown’s Imaginary Ventures and a group of strategic music and social media industry investors and advisors.

“Hook is placed at the intersection of several exciting developments; the creator economy, social media as a music discovery tool, and generative AI,” said Massenet. “We believe that Gaurav and his team a...

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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

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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