Boomplay continues its rapid growth in Africa. Boomplay has remained pretty successful over in Africa. Late last year, the major African streaming music and download services unveiled a multi-year licensing agreement with Universal Music Group (UMG). …
Category archives: Investor + VC Financing
iHeartMedia Discreetly Files for IPO
IHeartMedia’s IPO could do decently. But, will the company’s top executives run the company into the ground once more? Two years ago, iHeartMedia faced a massive problem. Saddled with around $20.6 billion in debt, a group of the broadcast radio giant’…
Drake Invests In Yet Another E-Sports Startup — Players’ Lounge
Drake is no stranger to the eSports world, but he’s taking it beyond being a Fortnite player. Last year, he invested heavily in the eSports start-up 100 Thieves. Now, he’s taking that a step further with other high-profile investors and gaming execut…
Drawing a Swift Rebuke from Writers, Endeavor Plans to Go Public by the End of This Year
Not everyone’s too happy about Endeavor’s IPO. According to a new report, Endeavor, the parent company of WME, a Big Four talent agency, has prepared to go public later this year. Other ‘Big Four’ companies include Creative Arts Agency (CAA), Internati…
Warner Music Group Leads $2 Million Funding Round for Nashville Startup Artiphon
Warner Music Group’s Artiphon backing marks an interesting diversification. Artiphon wants to encourage children to pick up a musical instrument and try it out. To do so, the Nashville-based startup provides a desktop MIDI controller dubbed the Instrum…
Sync Licensing Marketplace Songtradr Secures $12 Million in Funding
Songtradr continues its global expansion, with ambitions to transform a fragmented sync licensing industry. Last year, global sync licensing marketplace Songtradr confirmed a major fundraising round. The company had raised $4 million in a Series A roun…
Music Creation Platform Splice Raises a Whopping $57.5 Million In Series C Funding
Splice’s monster round comes alongside a serious expansion. Alongside the funding, Splice has also hired three experienced executives. Chris Acquaviva, former CFO at Marvel Entertainment, is now jumping aboard as Chief Financial Officer. Ryan Walsh, f…
Five Major South Korean Entertainment Companies Lose Nearly 18% of Their Market Value Following Sex Abuse Scandals
Investors aren’t too happy with Korean entertainment companies following multiple sex abuse scandals. Last week, multiple sex abuse scandals rocked the Korean music industry. It also dismantled several well-known K-pop groups. First, Seungri – dubbed …
Tencent Music Shares Dip 8% Following a Monstrous $127 Million Quarterly Loss
Tencent Music Entertainment continues to grow, but after receiving bad news yesterday, investors punished the company’s stock. Several days ago, Tencent Music Entertainment (TME) shares reached an all-time high. Investors had pushed the Chinese streami…
Chess Club Records Scores Investment from Red Light Management and a New Deal with Kobalt’s AWAL
Chess Club Records has scored a partnership with Red Light Management and AWAL. Chess Club Records has confirmed a new milestone in its short 12-year history. Red Light Management founder Coran Capshaw has signed on as an investor of the London-based i…