Music Industry News

Live Nation’s Acquisition of MCD ‘Does Not Raise Competition Concerns’

The United Kingdom’s Competition and Markets Authority (CMA) has provisionally approved Live Nation’s acquisition of MCD Productions, which is a leading Irish music promoter. In August of last year, LN-Gaiety Holdings Limited, which is a joint venture between Live Nation and Gaiety Investments, announced that it intended to acquire MCD. The terms of the deal have never been […]

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Music Industry News

Anthem Entertainment Acquires a Trove of Hits from Boardwalk Music Group

On October 29th, Anthem Entertainment acquired from Boardwalk Music Group a catalog that includes songs from Halsey, Meghan Trainor, Lizzo, Leon Bridges, Jason Derulo and Pitbull. The songs, which were written by Eric Frederic (Ricky Reed), include the chart-breaking single for Lizzo “Truth Hurts” as well as “Good as Hell.” Also included in the catalog are […]

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Music Industry News

For Sale: 10% of Universal Music Group. Price: $3.3 Billion O.B.O.

Universal Music Group is having a very good year, and it might just get better. For those warning of an industry slowdown, Universal Music Group would beg to differ.   The mega-label just released its year-to-date earnings for the first 9 months of 2019, and the numbers are indeed impressive. The label group earned more than 5 […]

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Music Industry News

Silver Lake Acquires Australia’s TEG — With Big Plans to Broaden the Operation

Earlier today (October 4th), Silver Lake, which is a technology investment company based in Silicon Valley with more than $43 billion assets under management, acquired TEG, which is one of Australia’s largest ticketing and live performances companies. TEG has headquarters in Syndey and operations around the world. The entire senior staff of TEG, including its […]

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Music Industry News

Live Nation Acquires Finnish Booking Agency, Promoter Hög

Music conglomerate Live Nation has acquired yet another company. This time it purchased Finland’s Hög Agency & Promotion though its local subsidiary Live Nation Finland. Hög Agency began in 2016 and it has since been a major player in the local music market. It represents local artists such as Adi L Hasla, Vilma Alina and […]

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Music Industry News

Music Industry Land Grab Continues — Concord Acquires Victory In Estimated $30MM Deal

Chicago punk/rock label Victory Records has now been gobbled up by Concord — with thousands of tracks included in the deal. Victory is the brainchild of Tony Brummel, who started the label in Chicago back in the late-80s.  Over time, the label expanded to encompass multiple related genres, all perhaps threaded by some element of youth-fueled […]

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Music Industry News

AEG Acquires 100% Ownership Over AXS Tickets

AEG has moved from stakeholder to 100% owner of AXS Tickets. The deal comes after fellow co-owners of AXS — Rockbridge Growth Equity and TPG Capital — negotiated the sell-off to AEG, which previously owned 38% of the company. The deal comes ahead of a pivotal moment next year.  Next year, Live Nation’s consent degree […]

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Music Industry News

KAABOO Bought Through Virgin Fest Affiliate ⁠— Branding Will Remain Unchanged

The KAABOO festival brand has been acquired by Virgin Fest. Jason Felts will lead the festival next year. Virgin Fest is the music festival arm of Richard Branson’s multi-national conglomerate, Virgin Group Ltd. Virgin Fest founder and CEO Jason Felts will oversee the launch of the festival in Los Angeles next year. He’ll also oversee […]

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Music Industry News

Spotify’s Shopping Spree Continues — This Time, It’s a SoundBetter Acquisition

Buying SoundBetter’s the easy part. Now, Spotify’s gotta figure out what to do with it. And Spotify’s latest acquisition? That would be SoundBetter, an audio production professional marketplace that’s been quietly facilitating collaborations since 2012.  SoundBetter says they currently have a community of roughly 18,000 musicians, audio professionals, and content creators, with ‘tens of thousands’ […]

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