The cloud-based management system Artist Growth has seen massive growth over the past eighteen months, bringing in multiple billions in revenue. Here the company’s founder and, until recently, CEO Matt Urmy sat down to chat about the company stands, and where it’s headed moving forward. ______________________ Guest post by Joe…
Category archives: Startups & Funding
WMG Launches Multi Million Dollar ‘Boost’ Fund
Warner Music Group has launched WMG Boost, a seed investment fund to support entrepreneurial growth and innovation in the music industry. The multimillion dollar fund will invest in early stage startups within and adjacent to recorded music and music publishing. _____________________________ “WMG Boost is all about nurturing the diversity of…
Blockchain Music Competitors On The Rise
The disconnect between companies and consumers is an ever-present problem in the music/tech industry, with companies like Snapchat frequently having to do damage control in the wake of unpopular updates. Several startup companies are working to capitalize on this disconnect and create a more wholesome option for consumers, several of…
Classical Music Streamer IDAGiO Raises $11.7M, Launches in North America
Classical music focused streaming service IDAGIO is now available in North America. The Berlin based startup also announced that it has secured a funding round of 10 million EU ($11.7M USD) from existing investors. Classical music accounts for as much as 40% of global recorded music revenue.* IDAGIO has subscribers…
Eventbrite Stock Up 60% In Market Debut
Concert and event ticketing platform Eventbrite stick soared as much as 70% during its Thursday IPO. Eventbrite shares had been priced $23 but at opened at $36 and climbed as high as $39.30 before ending the day up 59% at $36.50 per share. The self-service Eventbrite platform is popular with…
Tencent Music Cuts IPO In Half [REPORT]
Tencent Music Entertainment Group, China’s most popular music streamer, now hopes to raise about $2 billion in a U.S. IPO, down from an original ask of $4 billion. The music subsidiary of Chinese tech giant Tencent Holdings filed confidentially with the U.S. SEC earlier this month, three people with knowledge…
Artist Growth’s Matt Urmy On Touring App’s Rapid Adoption
Artist management platform Artist Growth has seen an impressive 18 months. This cloud-based system which provides artists and managers with tools to organize touring, finances, merch and data reporting, now tracks more than $2.5 billion in tour revenue and nearly $700 million in expenses. Matt Urmy, until recently CEO of…
WMG Acquires EMP Merchandising For $180M
[UPDATED] Warner Music Group continues to diversify beyond recorded music with the $180 million acquisition of EMP Merchandising, a major European specialty music and entertainment merchandise e-tailer. EMP is currently owned by Sycamore Partners, a New York City private equity firm. The deal follows recent WMG acquisitions including Sodatone, the…
Scooter Braun Sues Troy Carter Alleging $10M Loan Default
A new lawsuit pits Scooter Braun, who manages Ariana Grande and Justin Bieber against recently departed Storify executive and former Lady Gaga manager Troy Carter. Scooter Braun’s Ithaca Management Holdings has filed suit against Troy Carter, his wife and his company Atom Factory for fraud and breach after Carter allegedly…
Quincy Jones Joins Jammcard $1M Funding Round To Expand ‘LinkedIn For Musicians’
Quincy Jones has led a $1 million seed funding round in music tech startup Jammcard. The music industry professionals network has been called the "LinkedIn for musicians" by Forbes. Jammcard connects the music community via an invite-only social network for vetted pros and exclusive, members-only events. The app is credited…