Abel Tesfaye, known as The Weeknd, is reportedly in advanced discussions with major financial institutions, led by New York-based private equity firm Lyric Capital Group, to raise about $1 billion in assets-backed financing, according to Bloomberg.
The proposed deal structure includes $500m of senior debt, $250m of junior debt, and $250m of equity, said Bloomberg, citing people familiar with the matter. The Weeknd's stake in music ...

Third Man Records, the label launched by American artist and songwriter Jack White in Detroit, MI in 2001, has signed a worldwide distribution agreement with Secretly Distribution.
The independent distributor will handle physical and digital music distribution, digital and retail marketing, and technological support for all of Third Man Records' forthcoming releases. The new albums from Snõõper and The Belair Lip Bombs will be Third Man's first new releases through Secretly Distribution.
"We're...

Spotify and Sony Music Group have extended and expanded their long-standing, global licensing partnership, focused on "delivering continued growth and innovation in music streaming that provides greater value for artists, songwriters and consumers worldwide." Details of the agreement were not disclosed.
The deal includes the repertoires from Sony Music Entertainment and Sony Music Publishing, both of which have entered into multiyear agreements with Spotify. Spotify’s agreement with Sony Music P...