Music Industry News

Shutterstock Acquires ‘Certain Assets’ of AI Music Platform Amper Music

Shutterstock has acquired ‘certain assets’ from an AI-driven music creation company, Amper Music. Amper Music allows users to create and customize original music using over one million individual audio samples. The samples feature musicians playing on thousands of unique instruments – for genuinely unique compositions. Shutterstock says its acquisition of these assets will allow it […]

Music Industry News

Livestream Platform LiveXLive Broadens Into Merch, Acquires Custom Personalization Solutions

LiveXLive is expanding into merch with a potential acquisition of Custom Personalization Solutions. LiveXLive has signed a binding letter of intent to acquire 100% of CPS LLC – in an all-stock deal. The transaction is valued at up to $6 million. The proposed acquisition is expected to be closed by December 31, 2020. CPS was […]

Music Industry News

Sony Music Masterworks Acquires a Majority Stake In Terrapin Station Entertainment

Photo Credit: Sony Music Masterworks Sony Music Masterworks has acquired a majority stake in Terrapin Station Entertainment. The group is also launching a new joint venture with manager Jonathan Shank. Masterworks and Terrapin Station Entertainment will work together with Shank for a variety of live productions. The joint venture aims to create family-centric tours and […]

Music Industry News

ICM Partners Acquires London’s Primary Talent International

Global talent agency ICM Partners has acquired Primary Talent International, a London-based live music organizer that’s worked with an array of prominent artists. As ICM Partners represents many well-known bands and musicians (in addition to entertainment mainstays in film, television, and other professional spheres), the deal is expected to greatly enhance their international tour offerings. […]

Music Industry News

Pex Acquires Dubset as the EU Copyright Directive’s Implementation Deadline Approaches

Proprietary music-fingerprinting and rights negotiation platform Pex has acquired Dubset, a licensing platform for DJ mixes, live performances, and other, similar original content. Dubset has focused on enabling DJ sets, remixes, and other spontaneous musical concoctions to be recognized by Spotify and other streaming services. The startup fingerprints—and secures royalties for —approximately 45 million works […]

Music Industry News

Anghami Says They’re Juggling Multiple Investment and Acquisition Offers

Anghami, the leading music-streaming service for residents of North Africa and the Middle East, claims to be fielding multiple equity-investment offers and acquisition proposals. In a recent interview, Anghami co-founder Elie Habib confirmed previous reports that his company is evaluating investment and buyout bids. Specifically, Habib said that Anghami has “been approached by multiple parties” and that he […]

Music Industry News

Spotify Reportedly Paid $250 Million for Podcast Platform The Ringer

Spotify’s recent acquisition of The Ringer, a sports and pop culture website and podcast network, cost approximately $250 million.  Exact sales figures are expected to be publicly released in an upcoming SEC filing. According to an anonymous source spilling the beans to Bloomberg, however, Spotify will provide $200 million upfront, and the remaining $50 million […]

Music Industry News

LiveXLive Acquires Spring Awakening Promoter React Presents for $2 Million

Live-streaming concert and original content platform LiveXLive has acquired React Presents, an organizer and promoter of EDM concerts.  The deal came at a price of $2 million, according to the companies. The sum was funded with a convertible subordinate note, a type of debt security that can be leveraged against stock. It was also revealed […]