Tracklib has confirmed a new funding milestone. The Swedish music sampling startup has raised $1.7 million in a new fundraising round. Sony Innovation Fund, WndrCo, and private, early-stage investor Jörg Mohaupt joined in. Mohaupt has previously inve…
Author archives: Daniel Sanchez
Following “Detected Suspicious Activity,” Spotify Resets the Passwords of an “Unspecified” Number of Accounts
Spotify has sent out a new e-mail to users. An “unspecified” number of users have received notifications the music streaming giant had reset their passwords. The e-mail told users the company made this change “due to detected suspicious activity.” Conf…
Logic Signs Exclusive Publishing Deal with Universal Music Publishing Group
Universal Music Publishing Group (UMPG) has confirmed a new deal with a major rapper. Def Jam artist Logic has signed an exclusive, worldwide administration deal with the major publishing company. The deal comes after the rapper’s latest album, Confess…
Rae Solomon Files a $25 Million Lawsuit Against Live Nation for Allegedly Stealing Her All-Female Country Music Festival Idea
Rae Solomon has filed a $25 million lawsuit against Live Nation. Filed at the Davidson Country, Tennessee Circuit Court, the Nashville-based country singer claims that the global concert promoter outright stole her idea for an all-female country music …
Sofar Sounds CEO Defends Poor Artist Payouts as Company Raises $25 Million
Sofar Sounds has reached a new fundraising milestone. Led by Battery Ventures and Union Square Ventures, the house concerts company has raised $25 million. Sofar Sounds previously raised $6 million from Octopus Ventures and Virgin Group, who also part…
Record Labels’ A&R and Marketing Investment Reaches $5.8 Billion in 2017
In a new report from the International Federation of the Phonographic Industry (IFPI), record labels reached a new investment milestone in A&R and marketing around the world. In 2017, labels invested $5.8 billion. Breaking that number down, A&…
The Latest Music Industry Shuffles — Vevo, PRS, Warner, iHeartMedia, More…
Here’s a wrap on the latest music industry job movements. If you have a job listing to share, we’re all ears. Send us a note to news@digitalmusicnews.com. If you’d like to post a job on our Job Board, just send us a request at noah@digitalmusicnews.com…
Italian Version of the Copyright Directive Bans All Copyrighted Content Online
Under the finalized Copyright Directive law passed in the European Union, Member States have a maximum of two years to implement the new legislation in their respective countries. Speaking about the new bill, and the controversial Article 13 – now Arti…
Hipgnosis Fully Acquires the Rights to Hitmaker Jamie Scott’s Catalog
Last month, Merck Mercuriadis confirmed Hipgnosis Songs Fund Ltd (HSFL) had reached a new funding milestone. His company raised $185 million. HSFL had initially sought only $130 million in funding. Last summer, Hipgnosis raised over $260 million. Mer…
ByteDance’s Music Streaming Service Set to Launch as Soon as This Fall — Likely Without Licenses From the Big 3
Last month, amidst stalled negotiation talks with major labels over TikTok’s ‘Value Gap,’ parent company ByteDance quietly started work on a new music streaming app. According to sources, the Chinese conglomerate has over 100 people working on the app….