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Digital Economy

Suno about to close a $100m funding round valuing the company at $2bn

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1 day ago

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US startup Suno Inc is closing a $100 million funding round that would value the AI-generated songs platform at over $2bn, according to reports from Bloomberg and Investing.com.
The reports mention venture capital companies such as Lightspeed Venture Partners, Nat Friedman, Daniel Gross, Matrix Partners, and Founder Collective as potential investors. The new valuation would represent a significant uptake from Suno's valuation of $500m earlier this year. The reports suggest that Suno's revenue ha...

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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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Creative Industries

Spotify ​partners with Sony Music, UMG, WMG,​ Merlin and​ Believe to develop ‘responsible AI products’

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3 days ago

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October 18, 2025

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Spotify has forged partnerships with Sony Music Group, Universal Music Group, Warner Music Group,​ independent labels' licensing company Merlin, and​ Paris-based music company and distributor Believe to develop ​"responsible AI products that empower the artists and songwriters they represent, and connect them with the fans who support them.​"
Spotify said that together with rights holders, artists, and songwriters, it will make "significant investments in AI research and product development," wh...

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Digital Economy

beatBread launches $100 million fund to support labels and distributors’ growth

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3 days ago

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October 18, 2025

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Music funding platform beatBread has launched Global Independence Fund (GIF), a new $100 million fund designed to provide flexible financial support to independent labels and distributors. The launch of the GIF follows on from beatBread’s creation of a label advance partnership with independent labels' association A2IM in the USA, announced in November 2024.  
beatBread said the purpose of GIF is "to ensure that independent music businesses have access to ...

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Digital Economy

Nina Protocol rolls out Community Revenue Share scheme to pay platform users directly when they help artists sell music

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2 weeks ago

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October 10, 2025

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Music platform Nina Protocol has launched the blockchain-powered Community Revenue Share system, which allows community members to receive a financial compensation directly when they help artists sell music.
"Legacy platforms treat community as a marketing channel to be exploited. We see community as the core of music's value, and Community Revenue Share makes that value tangible," said John Pollard, COO of Nina Protocol. “This is about technology serving culture, not the other way around.”
The ...

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