Artificial Intelligence made a song in the style of Travis Scott. It sounds unnervingly like Travis Scott.

“She got the crew on top of my chain (It’s lit); Wasted in the street like a pain (Straight up).”
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YouTube says it paid the music industry over $3bn last year – equivalent to 20% of its annual ad revenue. Is that good?

On balance, YouTube looks likely to have just become the global music industry’s second biggest digital partner
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Universal is now an $8bn-a-year company, as streaming revenues surge 21.5% in record 2019

Company now generates more than $11m every day from streaming
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Forget the $3bn Tencent acquisition – Universal is planning to IPO before 2023

At the close of last year, MBW broke the news that Universal Music Group had inked definitive documents to sell 10% of its company to a consortium led by Tencent Holdings Ltd – a stockholding that could this year rise to 20%. We also told you that UMG …

Scooter Braun joins $22m funding round for cannabis company… but he’s not the first major artist manager to invest in CBD

Bill Curbishley, Ian McAndrew and Colin Lester are all investors in $5m-backed Apothem Labs
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Scooter Braun joins $22m funding round for cannabis company… but he’s not the first major artist manager to invest in CBD

Bill Curbishley, Ian McAndrew and Colin Lester are all investors in $5m-backed Apothem Labs
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Apple poaches Warner exec Jeff Bronikowski for Global Head of Music Strategic Initiatives role

The list of ex-Warner execs running music at digital services grows again
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SoundCloud secures $75m investment from Pandora owner Sirius XM

SoundCloud has just announced that it has secured $75 million investment from Sirius XM – which, remember, acquired another leading music streaming platform, Pandora, last year in a $3.5bn all-stock transaction. Sirius’s investment in SoundCloud …

Tencent, set to control 10% of Universal, also owns 9.1% of Spotify – but Daniel Ek has the final say on firm’s stake

Spotify’s founder and CEO has control of voting shares linked to Tencent’s stake in his company
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