Investment firm CVC Capital Partners has signed a definitive agreement to make a majority investment in DistroKid, the music distributor for independent artists, via CVC Capital Partners IX. DistroKid's longtime investor, Insight Partners, will retain a significant minority stake. Terms of the agreement were not disclosed. The transaction is expected to close in the third quarter of this year, subject to customary closing conditions. Following completion of the deal, Phil Bauer will continue to ...

The wave of concentration in the media and entertainment sectors is now hitting the UK with the proposed acquisition of commercial broadcaster ITV by Comcast-owned platform Sky, in a deal valued at £1.6 billion ($1.87bn). The deal covers ITV’s over-the-air commercial channels as well as the ITVX streaming platform. The combined unit will be part of Comcast’s NBCUniversal division. The transaction does not include ITV Studios, which will continue to operate as a standalone business. Comcast said ...

Independent publishing company Prescription Songs has signed artist and songwriter Quinn XCII (pronounced Ninety-Two), born Mikael Temrowski, to a global publishing agreement. To date, Quinn XCII has amassed over four billion global streams, through songs such as 'Straitjacket', 'Kings of Summer', and 'Love Me Less'. He has collaborated with a diverse range of artists including Noah Kahan, AJR, Big Sean, Logic, blackbear, Ashe. As a performing artist, Quinn has sold over 500,000 tickets as a he...