Musiio has raised a $1 million seed round to continue development of its use of artificial intelligence (AI) which brings Spotify-like discovery and curation tools to other music services and AI driven A&R tools to labels and other music companies. Singapore’s Wavemaker Partners, US’s Exponential Creativity Ventures and undisclosed angels…
Category archives: Startups & Funding
Spotify (SPOT) Stock Continues To Fall
Spotify (SPOT) stock fell 2.83% Wednesday after the streamer’s Q2 earnings report and news of two major acquisitions. The stock was trading down another 2.21% at $132.46 in pre-market trading Thursday. Strong user growth and its first ever profitable quarter were offset by lower than anticipated earnings and the acquisition…
Harvey Goldsmith’s Edge Invests $4.5M In Festicket
Festicket has added a $4.5 million investment from music industry veteran Harvey Goldsmith led Edge Investments. UK based Festickets serves as a music festival discovery and booking platform, including accommodations and VIP experiences. The Edge investment comes as an extension of a late 2018 Series D that raised $10.5 million….
THE PITCH: FeedFM – Music For Fitness and Wellness
In response to a new wave of interesting music tech startups, we’re bringing back THE PITCH, a semi-regular feature that allows promising apps and services to share a very short "pitch" about why we should all be paying attention. First up is music + fitness app Feed.FM. ________________________________________ Feed.fm adds…
SoundRoyalties Opens Nashville Office, Networking Space
[UPDATED] Sound Royalties has added a Nashville location. To oversee the expansion of the music industry specialty finance firm, Sound Royalties’ CEO and Founder Alex Heiche is now operating full time out of Nashville. The company will also host events and gatherings in its Nashville space, independently as well as…
Dreamville Sessions: The Album Cycle Reimagined
Here Jake Udell explores how one artist is reinventing the traditional album cycle by using a marketing a strategy which goes past building anticipation, instead using the groundwork of fan loyalty to propel the release. ______________________ Guest post by Jake Udell of Art of Manager Study all the time, listen…
RealNetworks Takes Control Of Napster Music Streaming Service For Just $1M Up Front
RealNetworks has doubled its stake in Rhapsody International, which operates the Napster music streaming service. RealNetworks now owns 84% of Napster and will operate it as an independent subsidiary. The transaction values Napster at less than $140 million. Bill Patrizio will continue to be Napster’s CEO, and Rob Glaser will…
Tencent Music (TME) Upgraded As Analyst Praises Streamer’s Unique, Profitable Revenue Model
Just weeks after Tencent Music’s belated IPO on the New York Stock Exchange, JPMorgan has given a strong endorsement to the Chinese Music streamer, moving it from hold to buy with a $16.00 target price. Tencent Music closed Friday trading at $14.35, up 10.6% on the news. JPMorgan analyst Alex…
6 Incredible Groups Promoting Music Education In Africa
In this piece, Jamie Ehrenfeld highlights six amazing organizations working within the continent of Africa to promote the future of music and musical education across the 54 distinct nations. ______________________________ Guest post by Jamie Ehrenfeld from Soundfly’s Flypaper The United Nations recognizes 54 distinct nations on the African continent. Within…
Show4Me Closes $12.8M Round For Music Crowdfunding, ‘Fan Interaction Network’
Wefuture announced that it has closed a$12.8 million series A round from a UK-based corporate investor. The UK startup will use the funds to transition its Show4Me site from concert crowdfunding platform to a broader "music interaction network." The redesigned Show4Me will help musicians and music industry professionals manage their…