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Digital Economy

NetEase plans to raise $1bn by floating its Cloud Village subsidiary in Hong Kong

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China's online gaming and music giant NetEase announced on May 26 plans to list its 62.46%-owned Cloud Village subsidiary in the Hong Kong Stock Exchange. The company is looking to raise $1bn in the process. Upon completion of the proposed spin-off, NetEase will retain "not less than 50% of voting rights of Cloud Village and therefore Cloud Village will remain as a subsidiary of the Company," according to a statement from the company. It added that the listing "would enable investors to better v...

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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).

Digital Economy

Christine Barnum, Michael Poole and Jameson Toole join beatBread

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Fintech platform beatBread has appointed Christine Barnum as Head of Financial Operations, Michael Poole as Chief Financial Officer (CFO) and Jameson Toole as Board Advisor on AI and Machine Learning. Each executive will serve as fractional leaders, bringing "deep expertise across music operations, structured finance, and technology."  beatBread said the appointments underscore the platform’s “commitment to pairing industry credibility with financial and technical rigor as the company continues ...

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Pipeline Advance acquires valuation company Clarty Partners

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Financing platform Pipeline Advance Co. has acquired the core assets and intellectual property of valuation company Clarty Partners, bringing Clarty’s proprietary valuation technology, royalty ingestion systems, and analytical infrastructure into Pipeline’s system. The deal, the terms of which were not disclosed, excludes “any proprietary client data or confidential information relating to Clarty’s past projects.” Pipeline said the new acquisition will “significantly enhancing its underwriting a...

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Data

Streaming platform Qobuz deploys proprietary AI detection system

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Paris-based music streaming and download platform Qobuz has deployed its proprietary AI detection system alongside new tools that will identify and tag AI-created content across both new releases and its existing catalogue. Qobuz said these additions were in line with its AI Charter, published in February, and represent “concrete steps to protect artists and listeners from AI-generated content.” Using a new, proprietary tool, Qobuz has started analyzing its catalogue to identify and tag content ...

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