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The Hipgnosis Songs Fund catalog has just been valued at $2.36bn… around $150m more than HSF’s enterprise value when Blackstone acquired it
Blackstone raises nearly $1.5 billion in debt financing via new ABS, based on substantial valuation for Hipgnosis Songs Fund assets Source...

Universal Music enters into strategic partnership with AI music startup KLAY
Klay says it's building 'a new Large Music Model (KLayMM) that will significantly advance state-of-the-art music AI' Source...

PPL steps up to sponsor Administrator of the Year category at Music Business UK Awards
The UK's music licensing company joins growing band of big-name sponsors backing industry’s most enjoyable night out Source...

Atticus Shelley appointed VP of Finance at TuneCore
Shelley played a key role at Spotify during the streamer's rapid growth ahead of its NYSE listing Source...

SM Entertainment founder Lee Soo-man debuts new agency, A2O Entertainment
Lee left SM Entertainment last year amid a power struggle, and is now returning to the pop music game with A2O Entertainment Source...

Another large indie distributor inks direct agreement with TikTok, as Ditto leaves behind expiring Merlin deal with platform
Established acts currently distributing their music through Ditto include Chance The Rapper, Russ Millions, and Darkoo Source...

Primary Wave strikes music rights deal with estate of country and folk singer-songwriter, Jerry Jeff Walker
Included in the deal are some of Jerry Jeff’s biggest hits such as Mr. Bojangles, Sangria Wine and Railroad Lady Source...

Universal Music uses AI voice cloning tool to create Spanish-language version of Brenda Lee’s hit ‘Rockin’ Around The Christmas Tree’
Universal's strategic partner SoundLabs is creating official "ultra-high fidelity" vocal models for UMG artists using their own voice data Source...