THURSDAY 12.13.18
Music Business News From Around The Web
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Category archives: Music Tech
Tencent Music [TME] Ends First Trading Day Up 7.7%
After opening at $14.10, Tencent Music ended its first day of trading Wednesday up $1.00 at $14.00 or 7.69% above it’s $13.00 target IPO asking price. At one point in the day, the stock was trading at $14.75. 60,190,565 shares of TME traded hands on Wednesday. The full Tencent offering…
‘She Is The Music’ Global Database Launches Of Women Working in Music [How To Sign Up]
She Is The Music, the non-profit founded by Alicia Keys, Jody Gerson, Global Chairman and CEO, Universal Music Publishing Group and others has launched the first global of women working in music. She Is The Music has plans for seminars, mentorship programs and more. But the database of Women Working…
Audiobyte Raises $6M For Gifnote Music Gif App
Audiobyte, the parent company of Giftnote and Songbytes has completed a $6 million financing round led by Evolution. The company’s apps create short licenced music plus graphics clips that can be shared in social and text messages. The Gifnote app allows users to ‘pair and share’ Songbytes—byte-sized music clips of…
AM BRIEF: Tencent Music IPO • Gifmote Raises $6M • Spotify’s Amber Grimes Joins Capital Music • More
WEDNESDAY 12.12.18
Music Business News From Around The Web
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Tencent Music IPO’s At Reduced $12.3B Valuation
Tencent Music [TME] will launch its scaled down U.S. IPO on Wednesday. China’s largest music streamer priced shares at $13 ahead of its NYSE listing hoping to raise $1.1 billion. The IPO had originally been scheduled for October 18th. Tencent was valued at $30 billion in the Fall of this…
Top Jukebox Artists and Songs 2018 From TouchTunes
Modern U.S. jukebox leader TouchTunes has released its annual Year-End Charts reporting its top-played songs and artists of 2018. TouchTunes’ annual jukebox charts are based on music played by consumers across its domestic network of digital jukeboxes. The charts offer a unique in-venue perspective of popular songs played by consumers…
PPL, SAMI Partner With Max Martin Startup Auddly For Metadata Management
PPL and SAMI–collective management organizations from the UK and Sweden–have joined forces with Swedish start-up Auddly to support performers with the management of their sound recording metadata. The agreement has led to the creation of a performer verification mechanism which will allow members of the PPL and SAMI to retrieve…
Latest On EU Copyright Directive: No One’s Happy With Article 13, So Maybe Let’s Drop It? [Op-Ed]
As negotiations between the EU Council, EU Commission, and EU Parliament have progressed regarding the EU Copyright directive, something which they all passed different versions of, the directive overall (and Article 13 in particular) has devolved into a mess no one, it seems, wants. __________________________ Op-ed by Mike Masnick of…
TUE. BRIEF: Tencent Music Fights Back • MelodyVR Goes Live • Women In Music Database Launches • More
TUESDAY 12.11.18
Music Business News From Around The Web
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