Category archives: Mergers and Acquisitions

LÜM Closes $1.2 Million In Seed Round Funding to ‘Democratize Music’

Startup Live Undiscovered Music, aka ‘LÜM,’ has just procured $1.2 million in funding. Lüm is spinning a social streaming platform that aims to change the way that new artists stream and promote their music.  The company also wants to transform how fan…

Live Nation’s Acquisition Spree Continues With LA’s Spaceland Presents

Live Nation has acquired Los Angeles’ Spaceland Presents as part of a $20 million-plus spending spree in Southern California. Spaceland Presents, a Los Angeles-based concert promoter, owns popular small venues in the city, including Echoplex, the Echo,…

After Selling Its Last Magazine, Legendary NME Has a Brand-New Owner

If you want to date yourself, one way is to wax about the articles you’ve read in NME. And there are some great articles. But the storied British music pub released its last paper edition last year, thanks to predictable profitability issues in the dig…

Live Nation Acquires PDH Music In Denmark — But Faces Another Regulatory Investigation

Live Nation has made another key acquisition — but regulators in Europe are taking notice. The global promoter’s division in Denmark has acquired PDH Music, a Danish booking agency and artist management company. Financial terms of the deal remain undis…

Downtown Music Publishing Acquires Another One: Strictly Confidential

Downtown Music Publishing has acquired the full catalog of Belgium-based indie music publisher Strictly Confidential. The acquisition includes rights to more than 10,000 song copyrights, spanning multiple languages and genres. Downtown will control the…

Will.i.am’s ‘i.am+’ Abandons Its Purchase of Earin Bluetooth Earbuds

Audio startup Earin has announced that Will.i.am’s company i.am+ will not be acquiring the company. The world first learned about the acquisition at CES 2018, when the startup announced the deal for an undisclosed amount.  So why did the deal fall thro…

Acquiring Susan Cotchin’s International Royalties Rescue, The Mushroom Group Unveils Good Neighbours

Australasia’s Mushroom Group has teamed up with neighboring rights specialist Susan Cotchin to unveil a new company. Cotchin will lead Good Neighbour as Managing Director of the Australasian neighboring rights company. Under the new partnership with Co…

Paste Media Group Purchases NoiseTrade from Failed Platform PledgeMusic

No, the NoiseTrade purchase doesn’t mean artists will finally get their money from PledgeMusic. You know the story by now. Last year, British crowdfunding platform PledgeMusic withheld payments to artists and bands. Blaming a ‘transition in payment pla…

Canopy Growth Is Likely Just the First Big Player to Bet on US Ending Prohibition

Canopy’s acquisition of Acreage contingent on US legalization is probably just the first such deal as the industry grows increasingly confident prohibition will soon end.