Music Industry News

360-Degree Platform Artist Republik Acquires Remote Collaboration Upstart Featured X

Comprehensive 360-degree artist platform Artist Republik has officially acquired remote collaboration platform Featured X — the latest move in a continued expansion of artist services. Artist Republik is announcing the high-profile acquisition today, which follows its launch of artist-feedback service Elite Reviews. The Providence, Rhode Island-headquartered Artist Republik has specified that Featured X’s talent-filled creator […]

Music Industry News

Creator-Focused Marketing Company ConvertKit Acquires Email-Marketing Platform FanBridge

ConvertKit has purchased artist-tailored email-marketing platform FanBridge and detailed plans to expand its presence in the music community. Photo Credit: Solen Feyissa Creator-focused marketing company ConvertKit has officially acquired musician-tailored email-marketing platform FanBridge. ConvertKit and the 15-year-old FanBridge just recently announced their high-profile deal in a formal release, which was shared with Digital Music News. […]

Music Industry News

Madison Square Garden Entertainment Unveils ‘Definitive Agreement’ to Acquire MSG Networks

Madison Square Garden Entertainment (traded as MSGE on the NYSE) has unveiled an agreement to acquire Madison Square Garden Networks (MSGN on the NYSE) “in an all-stock, fixed exchange ratio transaction.” Worth noting at the outset is that Madison Square Garden Entertainment, which began trading as a standalone company last April, handles live events at […]

Music Industry News

Triller Acquires ‘Verzuz,’ Adds Co-Creators Timbaland and Swizz Beatz to Executive Roster

Short-form video-sharing app (and prominent TikTok competitor) Triller has purchased Verzuz, a livestream music-competition program created by Timbaland and Swizz Beatz. Triller and Verzuz TV took to social media today to unveil the buyout, which arrives about one year after the latter’s debut amid the early days of the COVID-19 pandemic. Neither party revealed the […]

Music Industry News

iHeartMedia Purchases Triton From the E.W. Scripps Company in $230 Million Deal

iHeartMedia has purchased digital-audio and podcasting technology platform Triton from The E. W. Scripps Company. iHeartMedia announced its $230 million Triton buyout today, via a formal release. Worth noting is that Scripps acquired the digital-audio tech and services company for $150 million in October of 2018, and the just-revealed $230 million sale “is subject to […]

Music Industry News

Sony Music Acquires AWAL From Kobalt In $430 Million Deal

Sony Music has purchased Kobalt’s AWAL label services and distribution company in a $430 million deal. Kobalt and Sony Music unveiled their “definitive agreement,” which encompasses Kobalt Neighboring Rights in addition to AWAL, this morning. As part of the multimillion-dollar purchase, the former Kobalt holdings “will become a new division within SME’s suite of independent […]

Music Industry News

Native Instruments Sold Again — Majority Stake Purchased by Francisco Partners

Francisco Partners has purchased a majority stake in Native Instruments. Photo Credit: Ricardo Abreu Berlin-headquartered music-hardware company Native Instruments has sold once again, this time to San Francisco- and London-based private equity firm Francisco Partners. Native Instruments and Francisco Partners recently unveiled the sale, which is expected to formally close in 2021’s first quarter, via […]

Music Industry News

Tencent Music Drops $415 Million to Acquire Lazy Audio

Tencent Music has dropped over $415 million to acquire Lazy Audio, “a comprehensive audio platform providing entertainment in the forms of audiobooks, Chinese comedy, podcasts and other radio shows.” Shenzhen-headquartered Tencent Music, which owns the QQ Music, Kugou Music, and Kuwo Music streaming services as well as the WeSing karaoke app, unveiled the multimillion-dollar buyout […]