After raising $65m, music making platform BandLab hits 50m user milestone

In April, social music making platform BandLab revealed that it raised $65 million in a Series B round, with a post-money valuation of $315 million. Today, Singapore-based BandLab has announced a milestone... Read more »

Downtown Music Services expands Latin America footprint with key hires and promotions

Downtown Music Holdings [268 articles]” href=”https://www.musicbusinessworldwide.com/companies/downtown-music-holdings/”>Downtown Music Services (DMS) has unveiled what it calls a “major expansion” of its operations in Spanish speaking Latin America with a number of key hires and... Read more »

Three Six Zero acquires UK-based management company Palm Artists

Three Six Zero has entered into a partnership with UK music management company Palm Artists. East London-based Palm Artists, run by Greg Burnell, will now join Three Six Zero’s management and entertainment... Read more »

Goldman Sachs: The global music industry is going to be worth even MORE than we thought

How much is the global music industry going to be worth in 2030? It’s a question that Goldman Sachs [134 articles]” href=”https://www.musicbusinessworldwide.com/companies/goldman-sachs/”>Goldman Sachs attempts to answer each year via an update to... Read more »

Spotify to acquire AI voice platform Sonantic

Spotify [2,823 articles]” href=”https://www.musicbusinessworldwide.com/companies/spotify/”>Spotify is buying London-based Sonantic, an AI voice platform that claims to be able to create “compelling, nuanced, and stunningly realistic voices from text”. On Sonantic’s website, the company... Read more »

Connect Music Group launches $10m indie artist fund backed by investment firm Preserver Partners

Memphis-based Connect Music Group, a distribution and publishing administration services startup, has launched a $10 million fund for independent artists. Connect Music was founded by CEO George Monger, the founder of another... Read more »

Universal inks strategic global partnership with music licensing tech startup Songclip

Songclip, which claims to be the world’s only patented music clip company, has struck a multi-year global strategic partnership with Universal Music Group [2,723 articles]” href=”https://www.musicbusinessworldwide.com/companies/universal-music-group/”>Universal Music Group (UMG) and Universal Music... Read more »

Larry Gaaga appointed Vice President, A&R, at Def Jam Africa

Larry Gaaga has been named Vice President, A&R, at Def Jam Africa, a division of Universal Music Group [2,723 articles]” href=”https://www.musicbusinessworldwide.com/companies/universal-music-group/”>Universal Music Group (UMG). Gaaga will report to Sipho Dlamini, CEO, Universal... Read more »

Kate Bush had the biggest record in the UK last week, but she’s not No.1 on the Official Chart. This is a watershed moment for a music industry struggling to understand the meaning of ‘new’.

MBW Reacts is a series of short comment pieces from the MBW team. They are our ‘quick take’ reactions – through a music biz lens – to major entertainment news stories. Apparently,... Read more »

Gemma Reilly-Hammond named Managing Director at Quietus Management

Gemma Reilly-Hammond has been named Managing Director at Quietus Management in London, in a move that the company says will “scale up its activities.” The Quietus roster includes Simply Red, Simple Minds,... Read more »