Providence Equity Partners makes a strategic investment in Wasserman, buying out Redbird Capital and Madrone Capital. Global sports, music, and culture agency Wasserman has announced a strategic investment from Providence Equity Partners, a private equ…
Category archives: Investor + VC Financing
The Music Fund Has Money for Musicians Who Can’t Tour, But Still Have Streaming Income
With the coronavirus (COVID-19) pandemic continuing to wreak havoc on live touring, artists are having a particularly difficult time making ends meet. But that’s sparking more innovation from non-touring areas, with players like The Music Fund focusing…
NetEase Invests $1.7 Million in Luxembourg AI Music Startup AIVA
NetEase is investing $1.7 million in a Luxembourg-based AI music startup called AIVA. AIVA is an artificial intelligence platform that composes music across all genres. The AI’s competence ranges from jazz, pop, rock, and it can even create ambie…
Tracklib Scores a $4.5 Million Round from Sony, Eelko van Kooten, Others
Swedish music sampling startup Tracklib has raised $4.5 million from an array of investors, including Sony (via its Innovation Fund) and Spinnin’ Records co-founder Eelko van Kooten. Tracklib revealed its funding milestone in a press release this…
After Buying 10% of Universal Music, Tencent Is Reportedly Looking to Buy a Stake in Warner Music
Chinese company Tencent is looking to invest $200 million in Warner Music Group ahead of the company’s IPO, according to the latest intel. The report surfaced in the Wall Street Journal on Friday. Warner Music is the world’s third-largest r…
7digital Secures a Critical Loan to Keep the Lights On
7digital has sealed a critical loan from a UK-based lender, prolonging the company’s hunt for profitability. London-based digital music and radio services platform 7digital has secured a 12-month, $646,000 (£500,000) loan, and company executives …
BTS label Big Hit Entertainment Is Rapidly Moving Forward With IPO Plans
It seems that BTS label Big Hit Entertainment will be going public much sooner than anticipated. After being valued at over $1 billion last summer (a figure that, though impressive at the time, has since been proven to be far too low), Big Hit execs i…
Music Benefactors Wants to Solve the Crowdfunding Riddle for Musicians — Introducing the ‘Artist Public Offering’
On November 14th, 2019, Taylor Swift wrote an open letter to the public, the music industry, and, most importantly of all, her many millions of fans. In it, Swift — who has sold over 50 million records and became a global sensation long before her 30th…
Anghami Says They’re Juggling Multiple Investment and Acquisition Offers
Anghami, the leading music-streaming service for residents of North Africa and the Middle East, claims to be fielding multiple equity-investment offers and acquisition proposals. In a recent interview, Anghami co-founder Elie Habib confirmed previous r…
SEGA Moves into the Music Industry – Starting With Flutin Investment
SEGA is expanding into the music industry with an investment in an Indian music-discovery start-up. Flutin uses music data to surface new artists based on a variety of factors. SEGA sees that as important since indie music is especially popular in Japa…