Unitea has confirmed a new fundraising round. The social music community app has raised $2.3 million in the startup’s latest investment round. Unitea raised $200,000 in its first investment round five years ago. Then, the startup received $1.2 million…
Category archives: Investor + VC Financing
Swedish Production Music Startup Epidemic Sound Raises $20 Million, Lifting Its Valuation to $370 Million
Epidemic Sound has announced a fundraising milestone. The Swedish production music startup has raised $20 million. Investors include DS Asset Management, a Korean firm, and Skandinaviska Enskilda Banken AB (SEB), a Swedish financial group. Other inve…
Snoop Dogg-Backed Cameo Raises $50 Million to Send Personalized Celebrity Greetings
Cameo, a Chicago-based startup that allows users to purchase video messages from prominent actors, athletes, celebrities, and musicians, just received a whopping $50 million in series B funding from Kleiner Perkins. Cameo, which was founded by Martin B…
Despite a Downgrade from Evercore, Spotify’s Stock Recovers and Gains
Over the weekend, Spotify’s stock slid in after-hours trading. The drop came following a bearish report from investment firm Evercore. Spotify’s shares had declined 3.6% in after-hours trading to $143. Knocking the music streaming company’s stock from …
Eldorado Purchases Struggling Caesars Entertainment for $17.3 Billion
Eldorado Resorts has agreed to purchase its much-larger rival, Caesars Entertainment. The overall cash-and-stock deal is valued at $17.3 billion. The acquisition includes Caesars’ debt. Eldorado will acquire all of Caesars’ outstanding shares for $12….
Apple Music May Be Worth $15-$20 Billion Alone
Just how much is Apple Music worth exactly? According to one analyst, Apple’s music streaming platform may be more successful than the Cupertino company has let on. In a note published yesterday, Evercore ISI analyst Amit Daryanani explored how the com…
With Just a Single ‘Smart Plug-In Device,’ British Music Tech Startup Audoo Hopes to ‘Create a Fairer Industry for All’
As with almost every music startup, British music tech company Audoo says the music industry has a serious problem. Thanks in part to the rise of music streaming platforms, including Spotify and Apple Music, artists are having a difficult time tracking…
Amadeus Code Receives $1.8 Million in Series A Funding
According to a new study set to go live tomorrow, music fans and consumers can’t distinguish between music created by artificial intelligence and music created by humans. Testing panelists with music composed by AI versus stock music across 10 ‘diverse…
William Morris Endeavor Is Filing Paperwork to Go Public
William Morris Endeavor has signaled its intention to go public in a recent IPO filing, revealing details about the company’s financial position. Talent agency WME generated over $3.61 billion in revenue in 2018, with a net income of $231.3 million. Th…
As UMG Sale Talks Slow, Liberty Media, Apple, KKR, and Tencent Emerge as Frontrunners
So, to whom will Vivendi sell up to a 50% stake in Universal Music Group (UMG)? That’s the question on most music industry observers and financial analysts’ minds. Last summer, the French conglomerate confirmed it would sell up to half of the incredibl…