Music Industry News

Apple Invests $50 Million In Steve Stoute’s UnitedMasters — “The Power In the Music Industry Has Shifted Back Into the Hands of the Artist”

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 […]

Music Industry News

Splice Is Now Valued at $500 Million Following $55 Million Raise

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 […]

Music Industry News

MelodyVR Raises $9 Million In Convertible Note Funding After Acquiring Napster

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 […]

Music Industry News

Clubhouse Confirms a Massive Series B — With a Valuation Rumored at $1 Billion

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 […]

Music Industry News

Warner Music Group Joins Roblox’s $520 Million Raise Ahead of Wall Street Direct Listing

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 […]

Music Industry News

Lyte Raises $33 Million In a Series B Round — They’ll Need It to Take on Ticketmaster

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 […]