The Deals
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BMG acquired the catalog of Cologne, Germany-based record label Coconut Music. The deal includes the recorded rights of singer Haddaway, whose 1993 single, “What Is Love,” became a massive global hit and reached No. 11 on the Billboard Hot 100. The deal gives BMG 100% control of the track, which was also sampled in Eminem‘s 2010 hit “No Love” featuring Lil Wayne. The song was also covered in 2023 by David Guetta, Anne-Marie and Coi Leray as “Baby Don’t Hurt Me.” Additionally, it was a cornerstone of the recurring Saturday Night Live sketch “Roxbury Guys” and its 1998 film adaptation, A Night at the Roxbury.
The acquisition also includes tracks by Bad Boys Blue, London Beat and Wolfgang Petry. Coconut Music was founded in 1981 by Karin Hartmann and Tony Hendrik.
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The Coachella Valley Music & Arts Festival announced a partnership with NFT marketplace OpenSea to launch Coachella Keepsakes, a series of three collections that will serve as an “all-access pass” to some of the festival’s exclusive experiences and products, according to a press release. Using the Avalanche blockchain network, each of the collections will pair collectible Coachella IP artwork with real-world benefits, including exclusive access to areas including the VIP Rose Garden and Oasis Lounge as well as limited edition Coachella merchandise, VIP passes and more. The first release in the series, dubbed the VIP Pass + Oasis Lounge Keepsake, was released on Mar. 5; it provides owners with a 2024 VIP festival pass and the new Oasis Lounge. The second release in the series, the Canvas Welcome Box Keepsake (available Mar. 25), will offer access to unique merchandise, digital content, access to the Rose Garden and more; that one will be available starting Mar. 25. The third and final drop will include an artist collaboration, with details to be revealed in late March.
A consortium led by the Persianas Group and the Nigerian Sovereign Investment Authority — an independent investment institution of the Nigerian federation — is partnering with Oak View Group and Live Nation on a proposed 12,000-capacity arena in Victoria Island, Lagos, Nigeria. Other partners on the $100 million project include Tunde Folawiyo, managing director of the Yinka Folawiyo Group; Nigerian investment fund Adino Capital; and MBO Capital. Upon completion, the venue will become the first dedicated arena in Nigeria. It is expected to create more than 1,500 direct and indirect jobs.
Warner Music Group (WMG) expanded its agreement with Tips Industries Limited (Tips Music), one of India’s leading music labels. WMG has been exclusively distributing Tips Music’s catalog since 2020. Under the new agreement, WMG will spearhead the commercial and distribution responsibilities for all of Tips Music’s frontline and catalog music, spanning 23 Indian languages and more than 30,000 songs. Tips owns the “lion’s share” of Bollywood film soundtracks from the 1990s, according to a press release.
The U.K. office of Believe signed a long-term, global label solutions deal with indie label Bella Union that encompasses new Bella Union releases and select catalog. In addition to all-format physical and digital distribution, Believe will provide services including synchronization; digital service provider and retail editorial and marketing partnerships; strategic release management; unique digital expertise and in-house technology; video and audience development; and ongoing advance funding. Bella Union’s current roster includes Beach House, Father John Misty and Ezra Furman.
Hook, a music platform that allows fans to legally remix popular songs to use on social media, extended its seed round, bringing on additional investments from Natalie Massenet and Nick Brown‘s Imaginary Ventures in addition to a group of strategic music and social media industry investors and advisors. The new investment brings the company’s total seed round to $3.5 million, adding to the original funding led by Point72 Ventures and Edgar Bronfman Jr.‘s Waverley Capital.
Collaborative music creation platform BeatConnect secured $2.25 million CAD ($1.67 million) in funding ahead of its relaunch. The round was supported by music and tech investors including Sfermion, FICC, Anges Québec and Triptyq Capital. The relaunch, slated for the spring, will amount to an overhaul of BeatConnect’s multiplayer Digital Audio Workstation (mDAW) that will incorporate gaming elements into its music production capabilities.
ADA and Warner Music Australia signed a global distribution deal with Americana label Cheatin’ Hearts Records, which is home to Australian country, folk and blues music. Founded by Luke Woods and Aaron Curnow, the label has put out albums by Henry Wagons, Melody Moko, Watty Thompson and more. The first music to be released under the deal is from Tasmanian singer-songwriter Claire Anne Taylor.
Independent digital distributor and artist and label services company IDOL has signed new deals with Le Plan Recordings and Old Soul Music. IDOL expanded its deal with New York-based Le Plan to provide global digital distribution and marketing for all of its catalog and frontline titles along with physical distribution for new releases. Its deal with North Carolina-based Old Soul, recently launched by Austin Hart (a.k.a. producer L’Orange), encompasses global distribution and marketing.
Event discovery platform Bandsintown will be directly integrated into Spotify via a new partnership with the streaming service. The agreement allows artists to directly reach fans through the Spotify app in order to drive stronger engagement and more robust sales for events around the globe. According to Bandsintown, in 2023, the platform increased the number of concerts listed in its database by more than 150,000 year-over-year, while Spotify says it has increased impressions for live events across its platform by 10 times in the last 12 months. – Dave Brooks
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Collectibles, toys and apparel company Super7 secured the rights to create a new set of Mötley Crüe action figures featuring all four members of the iconic metal band: Vince Neil, Nikki Sixx, Tommy Lee and Mick Mars. The “ReAction Figures” are 3.75″ tall and retail for $20 each. Super7 has previously designed, manufactured and distributed officially licensed products for artists including Iron Maiden, the Misfits, Ol’ Dirty Bastard and Beastie Boys.
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Music financing platform Duetti announced $90 million in new funding, including $15 million in new equity and a new $75 million credit facility. The equity financing is led by Nyca Partners alongside Viola Ventures, Duetti’s lead seed equity investor, and Cohen Circle. The credit facility comes from Northleaf Capital Partners. Duetti allows a wide range of artists to sell master catalogs, individual tracks or parts of tracks, opening up opportunities for those who wouldn’t ordinarily have access to such deals. The new funding will be used to accelerate the growth of Duetti’s catalog acquisitions, the development of the company’s prediction and analytics technology and the expansion of its catalog marketing capabilities. Duetti recently opened offices in New York, Los Angeles and Miami.
Warner Chappell Production Music (WCPM) and Warner Chappell Music (WCM) partnered to launch a new label, Run4Cover, which will pair WCM’s catalog with WCPM’s production expertise to deliver new arrangements of songs in order to minimize licensing complexities for productions and content creators. Run4Cover’s repertoire includes new versions of songs by artists including Radiohead (“Exit Music (For A Film),” “Karma Police”), Curtis Mayfield (“Move On Up”), Kool & The Gang (“Celebration”) and Donna Summer (“Hot Stuff”). The songs are rendered in “diverse styles,” according to a press release, from big band to nu-disco; Run4Cover will also offer custom covers. All Run4Cover compositions are controlled by WCM while the original master recordings are owned by WCPM. Clients will benefit from a streamlined clearance process through a single point of contact. Licensing inquiries can be sent to licensing@warnerchappellpm.com.
AXS and CTS Eventim were appointed the official ticketing services providers for the 2028 Summer Olympic and Paralympic Games in Los Angeles. The two companies will form a joint venture to combine their tech and marketing assets to promote, sell and distribute LA28 tickets globally. Their online storefronts will be made available for the global distribution of Olympics 2028 tickets, which will also be sold through the LA28 website.
ADA Worldwide struck distribution deals with Charlotte, N.C.-based label South Coast Music Group and Valley Entertainment, an indie label with a focus on singer-songwriters, modern Irish artists and World music. Founded by Arnold Taylor, South Coast’s roster includes emerging hip-hop artists including Dustystaytrue, DeeYounginn, Luclover and Big Mali. Valley Entertainment’s catalog includes tracks by David Darling and Jonn Serrie and new recordings from frontline acts including Lisbeth Scott and Squeeze.
OneLand Music Group announced a deal with Create Music Group that encompasses Create’s acquisition of OneLand’s music catalog and a joint venture to release new music, beginning with Atomic Otro Way’s new EP, Dembow 5. “This is a full circle moment for both the Create and OneLand teams,” said OneLand Music Group co-founder Hector Morales in a statement. “In 2019 we partnered with Create to help them sign their first Latin artist. Ever since then, we’ve worked closely with Jonathan [Strauss] and Alex [Williams] to build opportunities for OneLand artists. This venture is a celebration of our shared musical vision and we’re thrilled to be in business with Create’s growing team.”
Music promotion platform Groover announced an $8 million Series A funding round led by investors OneRagtime, Trind, Techmind and MozzaAngels and supported by earlier backers Partech, Bpifrance‘s Tech & Touch fund, Verve Ventures and Frenchfounders. The new funding will help Groover integrate additional services into the platform including promotion, marketing, coaching and career development while supporting the expansion of Groover’s presence in the North American, European and Latin American markets. Launched in 2019 by Dorian Perron, Rafael Cohen and Romain Palmieri, Groover provides artists with the opportunity to network with music industry players to receive feedback on their work. According to a press release, Groover has so far drawn nearly 350,000 independent artists from more than 180 countries and generated more than 4 million personalized reviews.
Music collaboration platform ENGINEEARS closed a $7.5 million seed round led by Drive Capital, with participation from 645 Ventures, Slauson & Co. and FLUS Investment Group, the venture arm of SALXCO. The platform is designed to streamline music collaboration, make payment and project management processes easier and more.
Atlantic Records UK partnered with London-based agency EYC LTD, which specializes in talent and brand management and event planning. Under the deal, Atlantic UK will work closely with EYC to sign and develop artists under a new imprint, EYC Records, while serving as a connection between Atlantic UK’s roster and EYC LTD’s global client base, which includes Louis Vuitton, Prada, Dior, Bentley and Samsung. EYC Records will sign early-stage acts “aligned with the progressive, culture-first ethos of EYC LTD,” according to a press release, working with Atlantic UK and ADA to develop them. The first artist signed to the imprint is Betty, who has already released two singles under the deal: “Mum Says” and “Take Me Under.” EYC Records is also developing the artist project of poet, model and activist Kai-Isaiah Jamal, who will begin releasing music early this year. “I am extremely happy about the launch of EYC Records — a platform to develop the acts we believe in, facilitate brand partnerships in our field of expertise and push our creative visions to the next level,” said EYC LTD director Cora Delaney in a statement.
The Clive Davis Institute of Recorded Music at the NYU Tisch School of the Arts is collaborating with Atlantic Records on a semester-long series of career development workshops and sessions with Atlantic executives, including A&R president Pete Ganbarg. Eight events held at the institute’s Brooklyn location and Atlantic’s Manhattan offices will offer students access to Atlantic executives to learn about opportunities on both the business and artistic sides of the label. It will end with a weeklong songwriting camp led by Atlantic staffer and institute alum Stefan Accardo that will match select students and alumni with Atlantic artists. The partnership kicked off on Feb. 13 with the first of two field trips to Atlantic Records’ New York offices.
Cloud-based end-to-end music rights and royalties administration platform RyteBox acquired SR1, a digitally-native royalty calculation suite, from Exactuals. Joe DeCanio, president/CEO of SR1, along with his team will join RyteBox following the acquisition. SR1 helps to streamline royalty management for its clients, including mechanical licenses and reporting; expense processing; royalty statement generation; deal management; sales and income processing; master licensing and invoicing; and neighboring rights. Those capabilities will serve to complement RyteBox’s current services, which include contract and catalog management; revenue and royalty calculations, statements, and analytics; and relationship management for recorded music and publishing.
NeueHouse, a private workspace and social club for creative workers, has teamed up with the Save the Music Foundation to become the official partner of NeueHouse’s Sunset Sounds live music series. The partnership will kick off with the next Sunset Sounds event on Feb. 22: a listening experience hosted by MGMT where guests will have the opportunity to listen to the band’s new album, Loss of Life, one day prior to release. Going forward, NeueHouse will tap Save the Music for programming opportunities for its various shows, with a portion of the proceeds from each going to fund Save the Music’s various student initiatives.
ASM Global has been contracted to manage and operate Thunder Ridge Nature Arena, a new 18,000-capacity venue in Ridgedale, Mo. ASM has partnered with Live Nation to produce live music events at the outdoor amphitheater, which is slated to open in May.
Oak View Group (OVG) acquired the Stadium Club division from Invited, a leading owner-operator of private golf, country and city clubs in North America. Under the deal, OVG will own and operate Stadium Club properties at universities across the United States; OVG and Invited have also struck a long-term partnership focused on “enhanced membership benefits and uniquely curated experiences for both Invited and OVG club members,” according to a press release. Stadium Club properties include Arizona Sands Club at University of Arizona, Baylor Club at Baylor University, Ken Garff University Club at University of Utah, Texas Tech Club at Texas Tech University, University Club of Virginia Tech at Virginia Tech and the Carolina Club at the University of North Carolina.
Big Machine Label Group and W!ZARD Radio Media entered an agreement to develop and launch a slate of new podcasts. Under the partnership, the two companies will handle production, distribution, marketing, promotion and ad sales functions of the podcast slate. The partnership launches with the sports-comedy podcast A Game of No Halves, hosted by British broadcasting legend “Whispering” Bob Harris and his son Miles Myerscough-Harris. The partnership also encompasses the re-launch of the podcast Songwriter Soup, hosted by songwriter Laura Veltz (“Speechless,” “I Could Use a Love Song”), financial advisor Tracy Hackney and producer Kevin Sokolnicki. – Jessica Nicholson
Primary ticketing and event commerce marketplace Tixr struck a deal with Eden Nightclub Ibiza making Tixr the club’s official ticketing partner. “Tixr’s advanced technological solutions provide a transformative answer to the longstanding challenges faced by nightclubs. From optimizing online ticket sales to implementing unique selling strategies and unlocking revenue streams beyond traditional ticketing, Tixr’s innovation resonates with our commitment to redefining the clubbing experience,” said Rinco Soesman, owner/director of Eden Nighclub Ibiza, in a statement.
Amuse struck an automated integration with YouTube for official artist channels (OACs). Users on Amuse’s Boost and Pro tiers can now request their OAC in a quicker, more streamlined process under the integration, merging all of their subscribers and content from different areas of YouTube into one channel. The YouTube OAC integration will now show as an option within an artist’s profile on the Amuse web app. Additionally, eligible Amuse artists will be granted access to supporting YouTube tools involving analytics, merch, ticketing and more.
Todd Moscowitz‘s Santa Anna Label Group has invested in and partnered with OVO Sound, the Canadian record label founded in 2012 by Drake, Noah “40” Shehib and Oliver El-Khatib. Under the deal, Santa Anna will distribute and market OVO Sound releases while providing additional A&R support, production, finance and accounting, artist and label services, and more. OVO Sound’s current roster includes PARTYNEXTDOOR (slated to release his new album, P4, in the first quarter of 2024), Majid Jordan, Naomi Sharon, Roy Woody, Smiley, Popcaan and Drake collaborations with artists including Bad Bunny, Central Cee, Blocboy JB and Dave. OVO will remain a standalone record label as part of the agreement.
Warner Music Group (WMG) has partnered with Pakistani music and audio production company Giraffe, which was co-founded by artist Xulfi (rela name Zulfiqar Jabbar Khan) and CEO Muhammad Ibrahim. The deal, which allows WMG to establish a new A&R source in Pakistan, will kick off with Coke Studio Season 15. In addition to Coke Studio, Giraffe has produced some of the most popular music shows in South Asia, including Drummers of Pakistan, Nescafé Basement and Red Bull Music Sound Clash. “Pakistan has a rich music scene that offers huge opportunities for a global music company,” said Alfonso Perez Soto, president of emerging markets at WMG, in a statement. “Through the powerhouse that is Coke Studio, Xulfi and Ibrahim have proven to be phenomenal A&Rs that will be invaluable in Warner Music’s growth in the region. Together, we will discover and develop artists that have the potential to connect with fans all around the world.”
PPL, which licenses the use of recorded music for public performance and broadcast in the United Kingdom and collects neighboring rights royalties for performers and recording rightsholders globally, has signed a deal with the Indian Singers’ and Musicians’ Rights Association (ISAMRA). Under the deal, PPL will now collect royalties on behalf of mandated performers in India, while Indian performers will also receive payment for the use of their recorded music in the United Kingdom.
Kids’ music brand KIDZ BOP and Live Nation extended their partnership via a new three-year North American tour deal. KIDZ BOP is currently ramping up for its KIDZ BOP LIVE 2024 tour, which is slated to kick off June 27 in Stamford, Connecticut.
France-based streaming service Deezer has renewed its longstanding partnership with TIM, the largest mobile carrier in Brazil. Under the agreement, TIM customers will continue to receive access to Deezer.
Uber has taken naming rights for two AEG venues in Berlin: Uber Arena (formerly Mercedes-Benz Arena) and Uber Eats Music Hall (formerly Verti Music Hall). It also has naming rights to an adjacent complex encompassing a movie theater, restaurants and bowling alley that will now be known as Uber Platz (formerly Mercedes Platz). AEG’s partnership with Mercedes-Benz will continue, with the brand remaining a partner of the Uber Arena in a more general role.
Lyric licensing and data solutions company LyricFind and business-to-business music and streaming technology platform Tuned Global have signed a partnership that will allow Tuned Global clients to enroll with LyricFind to unlock lyric-based tools through APIs or turnkey apps. These tools include the ability to display lyrics in multiple languages; use lyrics to search catalogs to create thematic playlists or other content; and utilize LyricIQ, a content analysis engine that allows curators to filter lyrics and tracks by mood, subject matter and age appropriateness.
AI-powered marketing operating system SymphonyOS has partnered with CD Baby in a deal that will enable CD Baby artists to access SymphonyOS tools. Those tools include Forever Saves, which allows fans to subscribe to a creator’s releases, meaning all new music from the creator is automatically added to fans’ music libraries on release; and discounted access to SymphonyOS Pro via CD Baby’s tools & promotions page.
Music venue and hospitality company Notes Live has selected Live Nation as the operator of its Sunset Amphitheater, a new 12,500-capacity venue set to open in Broken Arrow, Okla., through a public-private partnership. The amphitheater is slated to open in summer 2025.
Latin American media solutions company US Media has signed an advertising sales partnership with Vevo. Under the deal, US Media will become the Latin American sales representative for Vevo’s ad inventory in Mexico, Brazil, Argentina, Colombia, Chile and Peru. US Media will sell on Vevo’s behalf pan-regionally from Miami.
Barbadian copyright collective membership organization COSCAP (Copyright Society of Composers, Authors and Publishers) has signed a partnership deal with CMRRA (The Canadian Musical Reproductin Rights Agency) and SX Works Global Publisher Services, which are both SoundExchange companies. Under the agreement, CMRRA will oversee the mechanical reproduction rights of COSCAP members across the Canadian marketplace, while SX Works Global Publisher Services will help manage the end-to-end administration on behalf of COSCAP members with the Mechanical Licensing Collective (the MLC) in the United States.
London-based Web3 music startup TRAX, described as a content aggregator and social marketplace helping artists build a digital space for superfans, raised a $2.9 million decentralized funding round on the Internet Computer ($ICP) blockchain. Following the investment, TRAX will operate as a decentralized autonomous organization (DAO) democratically controlled by holders of TRAX’s new governance token, $TRAX. The funds will be held in TRAX DAO’s treasury, which will allow $TRAX holders to decide how best to use them.
Korn guitarist Brian “Head” Welch has invested in Atlantic Behavioral Health, a new mental health treatment center serving Massachusetts and New Hampshire. The center focuses on anxiety, depression and other mental health disorders, combining individual therapy, group therapy and medication management. “Partnering with Atlantic is so personal to me and not just another business to invest in,” said Welch in a statement. “I know what it feels like to live at the bottom of a dark pit, but I also know if you put in the work, the light will come back on, and Atlantic is going to help so many people find that light switch.”
Tune.FM, a Web3 decentralized music streaming platform with an integrated music NFT marketplace, received $20 million in funding from investment group LDA Capital. Tune.FM allows artists to monetize their fanbases through streaming royalty micropayments and digital music collectibles with exclusive unlockable experiences powered by the JAM token ($JAM) using Hedera Hashgraph distributed ledger technology. Tune.FM will use the funds to grow its user base, expand its development team, launch new products and increase liquidity for the JAM token internationally.
iHeartMedia has formed a strategic collaboration with Zigazoo Kids, which encompasses social networks Zigazoo (for children 13 and up) and Zigazoo Kids (for children under 13). Under the deal, the companies will explore opportunities between iHeartMedia’s portfolio of music and podcasts and Zigazoo’s content. iHeartMedia will additionally launch a national, multi-million-dollar campaign across its multiplatform audio network to stoke further awareness of Zigazoo’s social networks.
Independent radio promotions firms Your Army and Strange Loop Promo have merged. Under the deal, both companies will now operate under the Your Army banner out of offices in L.A., New York and Vancouver, Canada.
The U.K. office of Believe has signed a long-term label solutions partnership with Mahogany, the global multi-platform music brand behind the Mahogany Sessions YouTube channel. Under the agreement, Mahogany will handle global distribution for Mahogany’s label, Mahogany Records, along with its video platforms Mahogany Sessions, COVERS and Lagoon. Mahogany will additionally work with Believe’s audience development team to develop the global reach of its imprints across established and developing markets and expand their content into new territories, genres and audio-visual formats. Forthcoming plans include the public launch of Mahogany’s bespoke digital distribution service, Mahogany Songs.
Sony Music Masterworks has formed a strategic venture with London-based live entertainment company Roast Productions. Operating internationally, Roast Productions produces theater, concerts and family entertainment events. Founders Bonnie Royal and Michael Stevens will continue leading Roast’s day-to-day operations while partnering with Masterworks on developing a range of new productions. They will work closely with Masterworks president Mark Cavell and Ollie Rosenblatt, founder/CEO of U.K.-based producer/promoter Senbla.
Comedy festival SF Sketchfest has partnered with livestreaming platform Veeps to stream five of its featured shows exclusively on the platform between Jan. 21 and Feb. 4. The shows to be livestreamed are: Triumph the Insult Comic Dog’s Let’s Make A Poop!, Kids in the Hall: Scenes They Wouldn’t Let Us Do, Varietopia with Paul F. Tompkins, Hello From Magic Tavern and The Trav-enture Zone: A Night of Dungeons & Dragons & Also Comedians. The Kids in the Hall and Tompkins shows will only stream live; the others will be available to replay for 48 hours.
ASM Global has announced a new naming rights partnership with Strawberry Hotel Group that begins in July. Under the deal, ASM will rename the former Friends Arena in Stockholm, Sweden, to Strawberry Arena.
Artelize — a platform that uses artificial intelligence to collect information about concerts and events in opera, classical music, ballet and dance, musicals, spoken theater and jazz, allowing artists and producers to quickly create posts that promote their upcoming events — has closed a pre-seed funding round of €1 million ($1.09 million) led by Bjørn Bruun, founder of Danish fashion brand Bruuns Bazaar, along with other angel investors. Based in Copenhagen, Denmark, Artelize also received a government grant from the Danish Innobooster Programme and a loan facility from the Danish Export and Investment fund as part of the round. The funding will allow Artelize, which is mainly focused on the U.S. market, to expand into the United Kingdom and Europe.
ADA Italy has signed a distribution deal with LaTarma Records. Founded by Marta Donà, LaTarma’s roster includes Ale, Giovanni Toscano, Dolcedormire, Matteo Crea and Angelina Mango.
Production music company ALIBI Music has signed Cadence Music Group as its new synch agent for Canada.
Verswire — a venture capital music startup launched by Veeps founder/COO Sherry Saeedi, Blink-182‘s Mark Hoppus and Lippman Entertainment partner Nick Lippman, with Fall Out Boy’s Pete Wentz on board as a strategic advisor — raised $12.3 million in seed and Series A funding led by E.O.A. Productions and idobi Radio along with Warped Tour founder Kevin Lyman and Foo Fighters tour manager Gus Brandt. Concurrently, Verswise announced a new publishing arm set to launch this year in partnership with Kobalt Music Group.
Verswire has been described as a development incubator for both emerging and established artists that tailors a custom investment for each, including “funding, resources, tools, mentoring, support from prominent music executives and an ecosystem to own and operate their businesses within while allowing them to keep majority ownership of their masters,” according to a press release at launch. The company has signed two artists thus far: Beauty School Dropout and brand-new signee Girlfriends, an alt-rock duo composed of Travis Mills and Nick Gross.
Oscilloscope Laboratories has acquired North American rights to director Alexandria Bombach’s Indigo Girls documentary Indigo Girls: It’s Only Life After All, which premiered on the opening night of the 2023 Sundance Film Festival. The distributor is planning a theatrical release for the film in the spring.
BMG acquired the majority of the recorded music catalog of French pop singer and composer Alain Chamfort. The acquisition comprises 13 albums, including Poses, Amour Année Zéro, Tendres Fièvres and Secrets Glacés as well as some of his biggest hits, including “Manureva,” “La Fièvre Dans Le Sang” and “Géant.” BMG will release Chamfort’s future recordings, including a four-track EP with Sébastien Tellier in January and a new studio album, L’Impermanence, in March. BMG will subsequently reissue several of Chamfort’s previous albums.
Additionally, BMG has strengthened its interest in Berlin band NENA‘s catalog, including the band’s global smash hit, “99 Luftballons.” Adding to its existing shares in the catalog, the company has acquired singer Nena’s U.S. recording copyright and ROW artist royalties, along with three band members’ artist shares. Other songs in the NENA catalog including “Nur geträumt,” “Leuchtturm,” “Irgendwie, irgendwo, irgendwann” and “? (Fragezeichen).”
Iron Horse Acquisitions Corp., a special purpose acquisitions company (SPAC), has raised $69 million from an initial public offering of 6,900,000 units at $10 each. Each unit consists of one share of common stock, one full warrant and one right to receive one-fifth of one share of common stock upon the consummation of an initial business combination. The company’s units are listed on the Nasdaq and started trading under the ticker symbol IROHU on Dec. 27. Founded by Jose A. Bengochea, who serves as CEO, Iron Horse is described as a media and entertainment-focused blank check company that will focus on deals spanning verticals including music rights aggregators, music licensors, international music labels, K-pop, AI, production studios, celebrity-backed content creators, gaming, fantasy sports, social media marketers and talent management.
TRINITI, a generative artificial intelligence platform powered by music tech studio CreateSafe, has partnered with newly launched music production platform SOUNDS.STUDIO, which will use TRINITI technology to provide an in-browser music and audio AI tool allowing users to create and distribute music all in one place. TRINITI previously made news for powering Grimes‘ AI voice model. Under the new deal, SOUNDS.STUDIO will allow its users to have the GrimesAI voice model on their own music and then distribute it to the major streaming platforms via TRINITI’s distribution channels.
Lyrics licensing and data solutions company LyricFind acquired technology company Rotor Videos, which makes it easier and more cost-efficient for artists and labels to create video content for Spotify Canvas, Apple Motion Art, social media platforms and more. The Rotor Videos team will continue to be led by founder/CEO Diarmuid Moloney, who will report to LyricFind founder/CEO Darryl Ballantyne. Along with the acquisition, LyricFind and CD Baby have struck a partnership to launch integrations of the Rotor Videos tool and LyricFind’s video enterprise solution, enabling CD Baby artists to create video content directly on the CD Baby platform.
ADA Worldwide has struck a distribution partnership with Omnivore Recordings covering the label’s entire catalog along with new releases. Omnivore specializes in historical releases, reissues and previously unissued vintage recordings, as well as select releases of new music, on CD, vinyl and digital. Omnivore’s catalog includes recordings by such acts as The Muffs, Alex Chilton, Laura Nyro, Stephen Stills and Blood, Sweat & Tears.
ASM Global has renewed its management contract with the Wilmington Convention Center in Wilmington, N.C., extending the relationship through 2028. The relationship between the two extends back to 2008.
Colombian hemp and cannabis producer One World Products partnered with Kx Family Care, a CBD-enriched personal care product line created by Stephen Marley and Shelly O’Neill. Under the deal, One World will produce and distribute Kx Family Care products in Colombia and Latin America, with the two companies collaborating on efforts to market and distribute the products.
Kids’ music brand KIDZ BOP struck an exclusive apparel licensing deal with IHL Group. An all-new KIDZ BOP apparel line including activewear, intimates, sleepwear and loungewear is set to hit North American retailers in the third quarter of 2024.
Warner Music Group has partnered with British health tech start-up MediMusic to trial “music as medicine” to help relieve pain, anxiety and stress. MediMusic will conduct research testing in several closed randomized controlled trials in both the United States and the United Kingdom that will deliver playlists from the Warner Music catalog to patients and sample groups to observe how they respond to the music in real-time.
“MediMusic’s proprietary algorithms extract the relevant features from the digital DNA of a piece of music, resulting in a fingerprint for healthcare use,” according to a press release, with the help of artificial intelligence, machine learning and patient data. The company then automatically creates personalized 20-minute playlists and plays the music through a streaming device called the MediBeat and a pair of headphones. Patients wear a heart rate monitor on their wrists to monitor the physiological effect of a piece of music.
The release states that initial trials conducted by MediMusic and the UK National Health Service using the MediMusic technology reduced the heart rate of anxious dementia patients by 25%.
Secretly Distribution announced new global multi-year deals with Danger Mouse‘s 30th Century Records, the catalog of singer-songwriter David Gray and Madlib‘s Madlib Invazion. Secretly will support all of 30th Century Records’ new music and back catalog, including vinyl reissues. For the Gray catalog, the company will work with Bella Figura Music to provide the catalog with global digital support and vinyl reissues. And for Madlib Invazion, Secretly will handle distribution for Madlib and the rest of the label, including new music from Madlib expected next year.
Additionally, Secretly announced multi-year contract renewals with three longtime label partners: Captured Tracks, Rhymesayers Entertainment and Run for Cover.
SoundCloud announced partnerships with dance label Helix Records and hip-hop label Payday Records to offer expanded global artist services for emerging electronic and hip-hop artists identified by SoundCloud for a potential signing with one of the labels.
ASM Global and Voltus, a distributed energy resource platform and virtual power plant operator, struck a partnership through which ASM Global-managed venues will be paid for energy reduction efforts across all venues located in wholesale and regulated power markets in the United States. Earlier this year, the ASM Global Acts Foundation announced a plan to convert the company’s venue portfolio into the world’s most sustainable, which includes reducing energy consumption by 25% by 2030 from this year’s baseline and becoming carbon neutral by 2050.
Colorado Springs, Colo.-based live entertainment company Notes Live entered into a non-binding letter of intent for a business combination transaction with wine producer Fresh Vine Wine, a company listed on the NYSE American stock exchange. The two parties expect to negotiate and enter into a definitive agreement before the end of January; Notes Live is planning to seek shareholder approval for the transaction at a meeting scheduled for Jan. 31.
The final closing is expected in the second quarter of 2024, subject to closing conditions including approvals by NYSE American of the continued listing of the combined company’s common stock after the closing. The combined company’s common stock would trade on the NYSE American under the ticket “VENU” following the closing.
Notes Live currently operates two entertainment campsites in Colorado Springs and Gainesville, Ga. and is also developing luxury amphitheaters in Colorado Springs; Broken Arrow and Oklahoma City, Okla.; and northern Texas. According to a press release, “The parties expect that the owners of Notes Live would own a substantial majority of the issued and outstanding shares of Fresh Vine common stock on a post-transaction basis, which may be in excess of 90%.”
The Feldman Agency is teaming with Tennis Canada to launch The Bowl at Sobeys Stadium, a new open-air concert venue in Toronto. Located on the York University campus, the Bowl will accommodate up to 9,000 guests and feature private lounges and an onsite restaurant.
Lucas Thomashow, former senior vp at Avex, announced SANA, a new label that will be a joint venture with recently launched artist and label services company Santa Anna (led by Todd Moscowitz and Lee L’Heureux), Sony Music and independent label LISTEN TO THE KIDS (founded by Conor Ambrose). SANA’s partnership with Santa Anna will encompass distribution, marketing and promotion, while the A&R and marketing teams at LISTEN TO THE KIDS (which partnered with Santa Anna in January 2023) will work with SANA on the strategy and development of the label. SANA will be based in LISTEN TO THE KIDS’ studio and offices in L.A.
Production company Jesse Collins Entertainment has signed with CAA for representation. The company, which boasts three divisions — specials, unscripted and scripted — is next slated to produce the 75th annual Emmy Awards. The company’s credits include the American Music Awards, BET Awards, Becoming a Popstar, Cardi Tries, American Soul and The New Edition Story. Founder/CEO Jesse Collins and president Dionne Harmon executive produce all Jesse Collins Entertainment programming; the company has a multi-year, non-exclusive overall deal with Paramount Global.
Lyric licensing and data solutions company LyricFind and music metadata leader Music Story extended and expanded their multi-year relationship. The broader partnership allows Music Story to help further LyricFind’s commercial reach by selling the company’s services to customers in the United States and globally. Prospective customers can also tap Music Story’s U.S. and international metadata services.
“By making Music Story an extension of LyricFind’s services, we’re taking a major step forward in unlocking the power of metadata to help more people discover and enjoy the music they love with lyrics while ensuring that songwriters and copyright holders are fairly compensated for their incredible work,” said LyricFind founder/CEO Darryl Ballantyne in a statement.
B2B streaming media service Tuned Global partnered with the new “artist-centric” streaming platform Sona to help launch Sona’s music service and marketplace, sona.stream. Tuned Global will provide content delivery, tools and reporting services for Sona under the deal, including its content delivery and APIs that will allow fans to create playlists and launch radio stations based on their favorite artists (beginning in 2024).
Co-founded by artist/producer TOKiMONSTA and Laura Jaramillo, Sona allows fans to stream music for free without subscriptions or ads but also to buy SONAs, or digital twins of specific songs that share future streaming rewards with their owners. Artists can choose which songs to auction as SONAs, while fans can purchase songs as SONAs to earn 70% of that song’s future streaming rewards on the Sona platform.
Beats marketplace BeatStars has partnered with software developer Resonant Cavity, creators of the popular mobile studio and vocal effects app Voloco, to integrate with Voloco beginning in January. “Our collaboration with BeatStars will bring the best beat catalog into the most powerful mobile recording studio,” said Patrick Flanagan, CEO/founder of Resonant Cavity, in a statement. “As artists experience studio-quality vocals from Voloco over top-tier beats from BeatStars producers, they’re going to be inspired to create something exceptional.”
Generative AI music creation platform, label and publisher Boomy reached a distribution partnership with ADA Worldwide, Warner Music Group’s independent distribution and label services arm. Under the deal, Boomy’s A&R team will bring top artists and exclusively curated music from the Boomy roster to ADA. Select Boomy artists will be distributed and marketed across platforms including Spotify, Apple Music and YouTube Music. Boomy artists who will benefit from the partnership include rapper-producer Jelie, German harpist Katirha, Boston-based producer Lightfoot, rapper Paperboy Prince and techno/lo-fi music project Plague of Grackles. Boomy’s AI systems allow human creators to make original music even if they lack professional tools or a formal music-making education.
AI and metaverse technology and content company Futureverse signed with CAA for representation in all areas. The companies will collaborate to open up new opportunities for talent and intellectual property across Web3, the metaverse, AI, virtual games and experiences and more. The announcement follows the unveiling of Futureverse’s JEN 1, a “high-fidelity model” for text-to-music generation and research paper that proposes a strategy to pioneer a new licensing framework compensating rights holders, producers and artists. “Futureverse’s strategic collaboration with CAA has forged a strong alignment in fostering the development of mutually beneficial business models that empower creators with groundbreaking tools and lucrative revenue opportunities. As pioneers in AI, web3 and metaverse infrastructure, driven by a deep appreciation for art and humanity, we see an incredibly bright future for the world of entertainment,” said Futureverse co-founder Shara Senderoff in a statement. Futureverse’s other co-founder is Aaron McDonald.
Through an existing joint venture, CTS Eventim and Sony Music Latin Iberia acquired Punto Ticket in Chile and Teleticket in Peru, expanding the JV’s South American ticketing business, which launched in Brazil in 2016. The acquisitions will provide ticketing systems and related services to concert promoters and venues across both countries. Corporate leadership for the acquired companies will remain intact.
Spotify partnered with mobile provider Orange Middle East & Africa, which will now offer complimentary data bonuses for its customers to access Spotify’s service. “We are aware that data costs continue to be a hindrance for people who would like to stream music, that’s why we are actively working at Spotify SSA on partnerships like this one,” said Jocelyne Muhutu-Remy, MD for Spotify in Sub-Saharan Africa, in a statement. Brelotte Ba, deputy CEO of Orange Middle East and Africa, added that the deal will “contribute to the acceleration of digital inclusion on the continent.” Orange operates in a total of 18 countries across Africa and the Middle East.
HARMAN, a Samsung Electronics subsidiary that focuses on connected technologies for automotive, consumer and enterprise markets, acquired music management, discovery and streaming platform Roon. Described in a press release as “a music player for music enthusiasts,” Roon is available on all popular operating systems and also manufactures a line of hardware server appliances called Nucleus. Roon will operate as a standalone HARMAN business with its existing team remaining in place. HARMAN plans to grow Roon’s open device ecosystem that collaborates with more than 160 other audio brands, delivering audio to more than 1,000 high-performance devices.
Universal Music Group (UMG) signed a deal with Ethiopian streaming platform Sewasew Multimedia, which will now license and market UMG’s music catalog in Ethiopia. “UMG has a long and successful presence in Africa, and given Ethiopia’s rich and vibrant music culture, we are excited to work with Sewasew Multimedia to help grow the Ethiopian music industry to its full potential,” said Ulrik Cahn, UMG executive vp of Africa, Middle East and Asia, in a statement.
Independent digital distributor IDOL signed a global distribution and label services deal with Young Art Records, the L.A.-based label belonging to producer and DJ TOKiMONSTA. Under the partnership, IDOL will handle global distribution and marketing for Young Art Records’ catalog and frontline releases. In addition to TOKiMONSTA, Young Art artists include rapper Cakes Da Killa, Canadian R&B musician Rochelle Jordan and instrumentalist-songwriter duo Daktyl & Benni Ola.
Warner Music Group (WMG) struck a partnership with Ghana-based Small World Records, the label and publisher founded by music entrepreneur and streetwear connoisseur SmallGod. Under the new agreement, Small World will collaborate with teams from WMG, ADA and Warner Chappell Music to elevate Small World’s artist and songwriter rosters worldwide and discover, nurture and elevate a new generation of African talent. SmallGod will continue leading Small World’s operations.
SiriusXM unveiled a new collaboration with Europe’s Radio Monaco to launch the SiriusXM Radio Monaco channel, which will bring artists and DJs from Monte Carlo to SiriusXM listeners in North America. According to a press release, Radio Monaco (originally launched in 2006) is the only music stream originating from Monaco. The channel will broadcast live from Jimmy’z Monte-Carlo and air DJ sets from the parties around the Monaco Grand Prix while featuring exclusive interviews and content with stars from the country’s music scene. Radio Monaco will be available to SiriusXM subscribers across North America.
Spinnin’ Records signed a new joint venture with independent dance label and publisher Kanary Records, run by brothers Alex and Christopher Van den Hoef — also known as production duo DVBBS. Artists on Kanary’s roster include Arkade, Bad Nonn and Dayfive. “We are delighted to join forces with Alex and Christopher, reigniting our relationship from over a decade ago,” said Jorn Heringa, head of A&R at Spinnin’ Records, in a statement. “Both brothers bring deep expertise and knowledge to the table and will work harder than anyone else to develop and drive KANARY to new heights with us. Welcome back to Spinnin’!”
Mozaic.io, a global payments platform that allows co-creators to automatically send and receive split payments, closed a $20 million Series A funding round from Boston-based growth equity firm Volition Capital. Mozaic.io initially focused on payouts for music distributors, artists and collaborators before expanding to serve the entire peer-to-peer creator economy, with a goal of expanding further into the gig and freelance economy. The investment brings the total raised for Mozaic.io to $27.1 million, with existing investment from Rise of the Rest, Maverick Nashville and music industry executive Joe Galante. The funds will be used for new product development and expanding Mozaic’s sales and product teams.
Audoo — a music technology company that allows artists, songwriters, PROs and CMOs to see in real-time where their music is played via the use of proprietary audio meters, enabling them to better collect on public performance royalties — partnered with Abu Dhabi-based music rights organization ESMAA. Through the collaboration, ESMAA will incorporate Audoo’s “Audio Meter” and insights platform into its operational framework, allowing more accurate and transparent data collection and payment distribution for artists and rights holders. “ESMAA is at the forefront of building a modern rights company and through implementing the best technology from Audoo, we bridge the path of identifiable potential income with a system that optimises the use of music recognition in public performance spaces,” said Spek, founder/CEO of ESMAA, in a statement.
Canadian booking agency Paquin Artists Agency (PAA), a division of Paquin Entertainment Group, formed a strategic partnership with Louis Carrière, founder/president of Quebec-based agency Preste. The partnership will deepen PAA’s footprint in Quebec as it opens a new office in Montreal. PAA will also provide key resources to Carrière and his team to export Quebecian talent.
Believe-owned metal label Nuclear Blast announced an exclusive e-commerce partnership with Impericon, a provider of metalcore merchandise and music. Under the deal, Impericon will oversee all of Nuclear Blast’s European e-commerce activities starting in the first quarter of 2024.
An affiliate of private equity firm STG completed its acquisition of Avid Technology in an all-cash transaction valued at approximately $1.4 billion. The acquisition, previously announced on Aug. 9, was approved by Avid stockholders on Nov. 2. Under the terms of the deal, Avid stockholders will receive $27.05 per share. Avid common stock ceased trading prior to the opening of trading on Nov. 7 and will no longer be listed on the Nasdaq. Avid will operate as a privately held company and remain headquartered in Burlington, Mass. “By becoming a private company, we believe Avid will be able to achieve the speed of innovation, scale and performance required for us to continue leading the industry forward,” said Jeff Rosica, Avid’s CEO/president, in a statement. “Combined with their significant operational and financial resources, STG brings deep investment experience in the technology sector that will accelerate the achievement of Avid’s strategic vision, building on the momentum of our successful ongoing transformation achieved over the past several years.”
Global content studio The North Road Company is partnering with Two One Five Entertainment — a company co-founded by Ahmir “Questlove” Thompson and Tariq “Black Thought” Trotter of The Roots — after acquiring a significant stake in the company. The deal establishes creative coordination between the two companies, with North Road planning to finance future Two One Five film, TV and other creative projects to scale the company. “Although we’ve had success thus far, finding an investor and strategic partner like North Road will have an immediate impact on our business, as their superior production capabilities will help us significantly increase our output,” said Questlove in a statement. “Additionally, the capital they are committing provides us the flexibility to independently fund creative ideas, grow our executive team and truly scale the business.”
The Anaheim Ducks and Honda Center announced a partnership with The Offspring to commemorate the 30th anniversary of both the Ducks and Honda Center as well as the band’s breakthrough album, Smash. The collaboration will encompass several crossovers during the Ducks’ 30th anniversary season and beyond, including “Come Out and Play Night with The Offspring” on Feb. 9, 2024. The night will include appearances from the band — which hails from Orange County — along with limited edition and co-branded merchandise. Fans will also receive exclusive perks and rewards during Friday night games at Honda Center throughout the Ducks’ 30th anniversary season. Additionally, the band and the Ducks have teamed up to create Puck Punks: The Offspring Powerplay Hits, a limited-edition vinyl set that will go on sale in the Ducks Team Store on Feb. 9, with a number of copies signed by members of The Offspring and Ducks players to be made available. All proceeds raised will benefit the Anaheim Ducks Foundation.
Universal Music Group India and leading Indian talent management company REPRESENT struck a strategic partnership that will give the REPRESENT roster access to Universal Music Group’s global footprint across distribution, publishing, brands and more to help boost REPRESENT artists’ growth and reach worldwide. The companies will collaborate on artist development and fan engagement, among other areas. REPRESENT artists who will be distributed and supported under the partnership include Anuv Jain, MC Stan, Zaeden, Lost Stories, Yashraj, Hanita Bhambri, Akanksha Bhandari, Kamakshi Khanna, Saahel, Savera, Kayan, OAFF and Jai Dhir.
Icelandic-Chinese artist, composer, producer and multi-instrumentalist Laufey has extended her deal with label partner AWAL following the successful release of her album Bewitched, which debuted at No. 23 on the Billboard 200 in September. Laufey is nominated for best traditional pop vocal album at next year’s Grammys and is in the middle of a sold-out North American tour.
GoldState Music, a new company launched last year by Charles Goldstuck that was formed to create a diversified portfolio of music copyrights and sound recordings, announced a “significant” investment and a new partnership with funds managed by Flexpoint Ford Asset Opportunities. The investment will help accelerate GoldState’s acquisition of music intellectual property assets, including full catalogs, influential copyrights, master recordings and publishing rights. As part of the deal, GoldState will source new catalog acquisitions and manage the licensing, synchronization and administration for the existing and acquired copyrights. According to a press release, in its first year of operation, GoldState acquired music rights from several artists and songwriters “spanning multiple genres, geographies, and asset types.”
The Daouda Leonard-founded music tech studio CreateSafe raised a $4.6 million seed funding round to launch TRINITI, a generative artificial intelligence music platform designed to make it easier for artists and rights holders to license and monetize their data in generative AI models while offering a platform to manage consent, credit and compensation. TRINITI was previously utilized by Grimes (Leonard’s management client) to distribute works using a cloned version of her voice to all major streaming services; according to a press release, more than 1,000 songs have been created since the project’s launch. TRINITI includes personalized AI tools with an attribution engine that can take the input of voice, sound, writing and imagery to communicate an artist’s musical and artistic vision. The funding round was led by cryptocurrency and blockchain tech investment firm Polychain Capital, with additional backing from Crush Ventures, Anthony Saleh, Paris Hilton (11:11 Media), MoonPay, Chaac Ventures, Unified Music Group and Dan Weisman (vp at Bernstein Private Wealth Management).
10K Projects struck a joint venture with Loaf Boyz Ventures, the record label of rapper Moneybagg Yo. The first release under the deal was YTB Fatt’s first mixtape, Who Is Fatt, which dropped in August. Other projects set for release under the deal include a Loaf Boyz compilation album and new music from Memphis-based rapper Kevo Money. Moneybagg Yo’s solo work will continue to be released through Yo Gotti’s CMG label. This marks the first deal for 10K since it became a standalone label within Warner Music Group.
Virgin Music Group signed a global agreement with Latin independent labels Machin and Equinoccio Records. Founded by Mexican singer, songwriter and producer Pepe Aguilar, both labels have a focus on the Regional Mexican genre. Machin Records is home to Angela Aguilar, Leonardo Aguilar and Irany & David, while Equinoccio is home to Pepe Aguilar.
Online design platform Canva launched a popular music library that will give users to access 60-second clips of commercially released songs for personal use in videos, social media posts and more through partnerships with Warner Music Group (including Warner Chappell Music and Warner Recorded Music), Merlin and more than a dozen other labels and publishers in deals announced earlier this year. Available songs include works by artists including Michael Buble, Vance Joy, Kenya Grace and Curtis Mayfield, all of whom will earn royalties when clips of their songs are used in Canva designs. The newly expanded music library is available to Canva Pro and Education subscribers, with access to small enterprises using Canva for Teams and Nonprofit users to follow, in Australia, the United States, the United Kingdom, Canada, Austria, Belgium, Croatia, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Spain, Sweden and Switzerland.
Music finance firm Sound Royalties announced a new “working relationship” with entertainment banker David Innes, according to a press release. Under the agreement, Innes’ new venture, On the Money Entertainment Advisory and Consulting, will support Sound Royalties “by amplifying its networking reach among music creatives and expanding its new business pipeline,” the release adds.
Spatial web technology company Cosmic Wire partnered with Creative Artists Agency (CAA) to create innovative experiences for CAA clients using spatial and immersive technology. The companies will additionally work together to innovate sponsorship opportunities for corporate brands in virtual environments.
Music rights and metadata management software platform Orfium partnered with Japanese anime music company Bandai Namco Music Live. Under the deal, Orfium will manage, optimize and monetize Bandai Namco’s repertoire using its AI-based rights management software. Bandai Namco Music Live represents more than 3,000 creators and is behind such anime titles as the Love Live! series, Violet Evergarden, One-Punch Man and The Melancholy of Haruhi Suzumiya.
SoundCloud announced a partnership with A&R executive Randall “Sickamore” Medford, who partnered with SoundCloud on IIIXL Studio, a new Brooklyn-based enterprise that will be dedicated to signing and developing New York artists for SoundCloud’s artist development program. The first IIIXL artist-in-residence is Liim. Through the collaboration, Sickamore will connect talent with SoundCloud’s artist partnerships division, which will offer white-glove creative and marketing resources to chosen artists and their teams. A monthly New York hip-hop showcase is also forthcoming.
Also at SoundCloud, the streaming platform partnered with sleep, meditation and relaxation app Calm to introduce new mental health and wellness benefits for artists. Under the deal, SoundCloud Next and Next Pro artists will have access to exclusive offers for Calm through SoundCloud’s existing member benefits program, including free trials and 50% off Calm Premium.
Bonsai, a platform that helps recording artists engage with and monetize their superfans, announced integrations with Discord, YouTube and Instagram allowing fans to directly interact with their favorite artists. Bonsai’s core feature lets artists invite their fans to participate in “asynch AMAs,” through which fans use Bonsai to ask artists questions. Artists can then record audio responses for their fans, which are then paired with visual generative art to form a “bonsai” that gets delivered to fans via text, email and — with the new deals — Discord, Instagram and YouTube.
We Are Giant — a new platform that helps artists amplify their direct-to-fan relationships by hosting licensed listening parties for new music and unreleased demos, exclusive livestreams, interactive chat rooms with the musicians and more — formally announced its launch while announcing an $8 million funding round from investment management platform Sterling Partners. We Are Giant is led by founder/CEO Andy Apple, who previously served as an investor at VC firms Sound Ventures and Wavemaker Partners in addition to a tenure at JPMorgan. Also on the leadership team is Dan McComas (previously at Reddit), who serves as vp of products & community.
MNTGE, a vintage clothing brand that integrates blockchain technology into its garments, partnered with Grimes‘ Elf. Tech initiative for a limited-edition merch collaboration. The deal will encompass vintage, one-of-one NFC chip-enabled vintage t-shirts and denim jackets, screen-printed with AI graphics designed by Grimes on the back and an Elf. Tech graphic screen-printed on the sleeve. The NFC chips will provide both a digital rendering of the garment and a certificate of authenticity, as well as the ability to preview new music from Grimes by scanning the chips on a smartphone. The Grimes + MNTGE jacket retails for $200 and the t-shirt retails for $50 here.
In other Grimes-related news, CreateSafe — the company whose Triniti API powers Grimes’ Elf.Tech platform — partnered with music technology platform Slip.stream to make more than 200 GrimesAI songs available to creators and fans in their video content and live-streams on any platform. Grimes unveiled the Elf.Tech platform in beta this past May, allowing fans to create and upload songs by cloning the singer’s voice.
DistroKid struck an expanded agreement with TikTok that will make music from artists distributed by DistroKid available across CapCut and TikTok’s Commercial Music Library as well as its recently unveiled social music streaming service TikTok Music, which is now available in Brazil and Indonesia and in beta in Mexico, Australia and Singapore. This is the first time music from DistroKid artists will be available on TikTok Music.
Additionally, DistroKid partnered with digital audio workstation FL Studio to distribute works uploaded to FL Cloud — described as a new service within the FL Studio 21.2 update that will offer producers a growing library of royalty-free loops and one-shots, unlimited AI-powered mastering and unlimited music distribution to all major digital streaming platforms.
Esports company GameSquare Holdings entered into a “definitive agreement” with FaZe Holdings to acquire online gaming and youth culture brand FaZe Clan “in an arm’s length all-stock transaction,” according to a press release. The release states that FaZe Clan and GameSquare generated annual revenue of roughly $138 million and reached a 26.3% gross margin last year. “Management expects to realize over $18 million in run-rate cost savings from the FaZe Clan acquisition, supported by reduced duplicate corporate costs and other cost savings,” the release continues. The combined company plans to give guidance following the close of the transaction, after which Richard “FaZe Banks” Bengtson will take over as FaZe Clan CEO; Thomas “FaZe Temperrr” Oliveira will take over as president; and Yousef “FaZe Apex” Abdelfattah will take over as COO. The transaction is expected to close in the fourth quarter of 2023, subject in part to the approval of FaZe Clan and GameSquare shareholders.
The Circuit Group, a recently formed entity designed to create business opportunities around artists’ intellectual property, signed a strategic partnership with U.K.-based house music label Defected Records. Under the deal, The Circuit Group will offer Defected, along with its sister- and sub-labels, expertise across its suite of services to help the label build its presence in North America. In turn, Defected will support The Circuit Group as it expands its presence in the United Kingdom, Europe and other territories globally.
Defected Records also signed an agreement with Reactional Music, the maker of an interactive music engine for video games. Under that deal, Defected licensed the masters for a selection of tracks from its catalog for use on Reactional’s music delivery platform and personalization engine for game developers. Songs to be made available under the deal include cuts from Bob Sinclar, Dennis Ferrer, Kings of Tomorrow, MK and The Shapeshifters, CamelPhat, Honey Dijon and John Summit.
Michael Bublé launched Fraser & Thompson, a new whiskey brand in partnership with longtime friend and master distiller and blender Paul Cirka. The whiskey is blended and bottled by Heaven Hill in Bardstown, Ky. and will be brought to market by spirits incubator WES Brands.
Warner Music’s ADA renewed its longstanding partnership with independent label LAB Records, which has released music by artists including Tommy Lefroy, BEKA, Beach Weather, Antony Szmierek, Des Rocs, Aziya, Crawlers, The K’s, Nell Mescal and Yoke Lore.
Sphere Entertainment partnered with Madison Square Garden Sports on a deal that will see next-generation Las Vegas venue Sphere become the official jersey patch partner of the New York Knicks. The Sphere logo will now appear on all Knicks game jerseys during both home and away games in the 2023-24 season; it will also be on Knicks practice jerseys, warm-up shirts and jerseys sold at Madison Square Garden’s in-arena retail locations as well as on shop.MSG.com.
Copyright management firm Pex and its rights initiative, RME, entered a collaboration with copyright protection platform Cosynd. Under the partnership, RME’s community of creators and rightsholders can utilize Cosynd’s copyright registration API to register their works with the U.S. Copyright Office.
ASM Global struck a partnership with Adventist Health that will see the California City of Stockton’s 10,000-seat facility renamed Adventist Health Arena. Upgrades to the arena will include a new 360-degree LED center-hung, ribbon boards, back-of-house enhancements and more.
Elsewhere, ASM Global signed a deal with the City of Andover, Kans., to manage and operate the Capitol Federal Amphitheater for five years beginning on Jan. 1, 2024. It also renewed its management agreement with the Jekyll Island Convention Center in Jekyll Island, Ga. through 2029, with an option for an additional five-year renewal after that.
Exceleration Music signed a strategic partnership with the founders of American independent label Rounder Records — Ken Irwin, Marian Leighton Levy and Bill Nowlin, as well as Rounder’s first and longtime president/CEO, John Virant — on their new venture, Down The Road. The new label will be focused on “the historic depth and breadth of Americana,” according to a press release, including releases from banjo player Tony Trischka, bluegrass group Blue Highway and Irish traditional music performers Dervish. It will also reissue 14 catalog titles produced by the Rounder Records co-founders in recent years. Down The Road releases will be distributed by Redeye, which Exceleration acquired in September.
Audoo — a music technology company that provides data allowing artists, songwriters, PROs and CMOs to see in real-time where their music is played, enabling them to better collect on public performance royalties — raised $5 million in its last funding round from investors including Elton John and David Furnish, bringing its total raised to $22 million. “Working as a musician can be seen as all glitz and glamour but for the vast majority of artists, especially new and emerging acts, this isn’t the case,” said John in a statement. “It’s often brutally unfair and this sadly extends into being paid correctly. Right now, artists are not being paid accurately for their plays because the data simply doesn’t exist … That’s why we’ve invested in Audoo and their world-class technology and data, to help create a more transparent system for everyone, and ultimately to keep the music alive.”
Patreon acquired livestream ticketed event platform Moment (formerly Moment House). In the coming months, “foundational elements” of Moment will be integrated into Patreon, according to a blog post. Since its founding in 2019, Moment has partnered with artists including Justin Bieber, Tame Impala and Kygo.
Warner Music Group (WMG) acquired Indian artist management and live events company E-Positive, strengthening WMG’s position in the region. On its roster, E-Positive boasts Darshan Raval, one of the most-streamed artists in India. E-Positive will continue acting as a standalone company, led by founder/CEO Naushad Khan. “Darshan, as well as the whole of the E-Positive roster, will be able to harness Warner Music’s global network and start to connect with a wider international audience,” said WMG president of emerging markets Alfonso Perez Soto in a statement. “This deal helps us to level-up and enhance our 360 offering to artists by bringing in the knowledge and expertise of Naushad to Warner Music. Our improved suite of services we will enable our artists to transcend the whole of India and help bring Indian culture to the rest of the world.”
In more WMG acquisition news, the company bought the recorded music business of Jukka Immonen‘s The Fried Music. Based in Finland, The Fried Music artists — including Anna Puu, Knipi and Viivi — will be integrated into the Warner Music roster and enjoy access to its global network. Starting on Jan. 1, 2024, Immonen will also begin serving as head of A&R at Warner Music Finland.
Mediabase has acquired the All Access music distribution business unit from Joel Denver. “Through this integration, Mediabase offers a seamless user experience by providing downloads of broadcast-quality content from our label partners,” said Mediabase president/CEO Philippe Generall in a statement. “The power of these collective platforms promises to redefine how industry professionals access and leverage media assets.”
Hook, a platform that allows users to remix and remake songs using AI, closed a $3 million seed investment round led by Steve Cohen‘s Point72 Ventures and Waverley Capital, co-founded by former Warner Music Group CEO Edgar Bronfman, Jr. Other participants included Mark Gillespie‘s Three Six Zero and Japanese entertainment brand Avex. The investment will be used to continue developing Hook’s platform; Hook will also collaborate with artists and record labels to develop technology to unlock new revenue streams. Founded by CEO Gaurav Sharma, Hook is planning to launch a closed beta later this year.
ASM Global extended its 10-year partnership with Onondago County, N.Y., to manage The Oncenter and St. Joseph’s Health Amphitheater at Lakeview in Syracuse. Under the new deal, ASM Global will continue managing The Oncenter convention and entertainment facility — which includes the Nicholas J. Pirro Convention Center, the Upstate Medical Arena and three theaters in the John H. Mulroy Civic Center — as well as the St. Joseph’s Amphitheater, a 17,500-capacity outdoor concert venue.
Elsewhere at ASM Global, the company signed a long-term renewal contract to continue managing three venues in Puerto Rico: the Coliseo de Puerto Rico José Miguel Agrelot arena, the Antiguo Casino de Puerto Rico and the Puerto Rico Convention Center.
The Circuit Group, a new company with a stated mission to create business opportunities around artists’ intellectual property, formed a joint venture with management and production company Pivot Music (led by Paolo Mojo) and DJ-producer Rebūke. Under the partnership, Pivot and its premier act, Rebūke, along with his ERA Music label, will move under the Circuit Group umbrella. According to a press release, The Circuit Group acquires up to 50% of artists’ song catalogs, offering those artists an immediate source of revenue while also aligning their interests with Circuit Group’s vision of creating additional avenues for intellectual property. The company also invests in and strikes strategic alliances with other entities across recorded music, publishing, merchandise, brand partnerships, gaming, events, Web3 and more.
Artist-producer-multi-instrumentalist Terrace Martin partnered with Lowly and Create Music Group to launch a joint-venture record label named O’Connor. The label launched on Friday (Oct. 13) with “311!”, the first single off sneek, a collaborative album between Martin and singer-songwriter Gallant. O’Connor’s executive board includes Martin, Deon Ford (Lowly’s A&R director) and Samantha Whitehead (creative director, art historian and Martin’s day-to-day manager). Under the deal, Martin will also produce for select Lowly/Create artists while assisting in A&R and artist development with Ford.
Linkfire renewed an agreement with Warner Music Group to provide its Saas marketing platform to the company globally. The agreement extends through April 30, 2024.
BMG acquired global rights to all three studio albums from Australian artist Angus Stone‘s Dope Lemon project, including 2016’s Honey Bones, 2019’s Smooth Big Cat and 2022’s Rose Pink Cadillac, as well as his 2017 EP, Hounds Tooth. BMG released Dope Lemon’s fourth studio album, Kimosabè, on Sept. 29 under a new recordings deal.
Sphere Entertainment announced that amplification technology company Powersoft contributed immersive haptic technology and amplifier solutions to Las Vegas’ Sphere venue. Powersoft technology is integrated within the venue’s 10,000 haptic seats as part of Sphere Immersive Sound powered by HOLOPLOT.
Backline, a nonprofit that provides mental health resources to music industry workers and their families, announced a new partnership with Eventric/Master Tour, software that assists with tour logistics. Under the agreement, the Master Tour mobile app will now include an in-app button that directs users to mental health resources, including the Crisis Text Line, the National Suicide Hotline and Backline’s suite of resources. Master Tour boasts a user base of over 250,000, with 55,000 active monthly users.
AI sound wellness company Endel partnered with dance music label Spinnin’ Records to create 50 AI-generated soundscape album playlists tailored for focus, relaxation, sleep, physical activity and more. The first two soundscape albums are out now, with new albums set to release every week over the next two months. All of the albums will fall under a new profile called Spinnin’ COSMOS. Artists involved in the project to date include Brazilian DJs Felguk and Italian production and DJ duo VINAI. “With this collaboration with Spinnin’, we’ve transformed hundreds of tracks from their incredible catalog into life-enhancing albums and playlists at a huge scale while retaining the iconic sound of Spinnin’ Records and its artists,” said Endel co-founder/CEO Oleg Stavitsky in a statement.
Decca Records US and the World Federation for Mental Health announced a partnership for World Mental Health Day on Oct. 10. Under the agreement, Decca US released a World Mental Health Day-themed playlist of calming music featuring artists including Chad Lawson, Cody Fry, Kings Elliot, Balmorhea, Daigo Hanada, Lara Somogyi, Sophie Hutchings and Samuel Mariño. Additionally, Decca US artist Lawson, who hosts a podcast on mental health, partnered with AI-powered sound wellness company Endel to release a meditation soundscape album featuring reimagined tracks from his album breathe.