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Digital Economy

beatBread raises $124 million in credit and equity capital ‘to expand on its mission’

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Music funding platform beatBread has secured an additional $124 million in credit and equity capital, with participation from Citi, Deciens Capital, Mucker Capital, Advantage Capital and other strategic investors. The investors provided equity investment "to enable beatBread to expand on its mission, staffing and resources to empower artists, independent labels, distributors and songwriters with more choices, and better funding." Additional credit funding was provided by GMO, along with existing...

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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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Creative Industries

beatBread’s advances to labels and artists exceeded $100m in the past five years

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beatBread, the funding platform for independent labels and musicians, unveiled that it has provided over $100 million in funding to artists and labels since it launched five years ago. beatBread was founded by Peter Sinclair, who passed earlier, to provide artists and labels with transparent, flexible financing. Over the past five years, the platform funded 1,700 creative projects in 42 countries. The music represented in these deals generated 67.6 billion all-time streams, with 13.6 billion o...

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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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