Photo Credit: Wave Warner Music Group is investing in virtual concerts platform Wave – setting its eyes on the metaverse. Warner Music Group is the label that appears to be going full-steam ahead on the ‘metaverse,’ 3D online social spaces for fans. Fortnite and Roblox are two examples of games that have become metaverses – […]
UnitedMasters this morning announced the completion of a $50 million funding round led by Apple, and the music distribution company’s founder and CEO, Steve Stoute, has declared that “the power in the music industry has shifted back into the hands of the artist.” UnitedMasters, which the former Sony Music president of urban music Steve Stoute […]
Photo Credit: Overwolf Warner Music Group leads a Series C funding round for $52.5 million for Overwolf, a game mod marketplace. Overwolf was founded in 2010 as one of the first in-game app overlays for gamers. It has now evolved into a third-party platform for developers to build apps for gamers to use while playing […]
Photo Credit: Markus Winkler Cloud-based music-creation platform Splice has raised an additional $55 million at a total valuation of nearly $500 million. The eight-year-old company announced its $55 million funding round, which reportedly brought with it an almost half-billion-dollar valuation, in a formal release. This Series D, which follows a $57.5 million Series C from […]
A little over a month after officially completing its $70 million acquisition of Napster, VR startup MelodyVR has generated more than $8.97 million (£6.48 million) in convertible note funding. MelodyVR recently announced the multimillion-dollar fundraising effort, which will see Swiss corporate finance services provider Nice & Green SA front a total of 648 loan notes […]
The Clubhouse icon. Photo Credit: William Krause Audio-driven social platform Clubhouse has formally announced the completion of its Series B funding round – reportedly consisting of $100 million in raised capital at a $1 billion valuation. Clubhouse founders Paul Davison and Rohan Seth acknowledged their company’s successful Series B in a recent blog post entitled […]
Warner Music Group has participated in Roblox’s $520 million Series H funding round ahead of the social gaming platform’s debut on the public market through a Spotify-style direct listing. Roblox recently announced the more than half-billion-dollar funding round’s completion in a general release. Shares cost $45 apiece in the Series H, valuing the 15-year-old entity […]
Photo Credit: Matthew Kalapuch Live event ticketing platform Lyte has raised $33 million in a Series B funding round – capital that they’ll need as they attempt to take on Ticketmaster once concerts and music festivals resume. Lyte higher-ups unveiled the $33 million fundraising round – which arrives about 14 months following the company’s $15 […]
Photo Credit: Austin Distel ByteDance is planning an IPO for TikTok Global – so where can you buy TikTok stock? With Walmart and Oracle on board as its US partners, it appears TikTok Global is going full-steam ahead. The move is intended to increase the social network’s transparency after a CFIUS investigation raised national security […]
Photo Credit: Thundermaker300 / CC by 2.0 Roblox, the social gaming platform for pre-teens and teens, is filing a $1 billion initial public offering (IPO). Roblox is a massive platform that is more than just a game – it’s become an online hangout for young people. It resembles Linden Labs’ Second Life remade in Lego, […]