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Reddit Co-Founder Alexis Ohanian joins Frank McCourt’s ‘People’s Bid’ to buy TikTok
"I've spent my entire career building tech that puts power back in people's hands - that's what got me excited about The People's Bid" Source...

Adam Holt to retire as MD of Universal Music New Zealand; Myra Hemara and Matt Kidd promoted to Co-MDs
Holt has spent a total of 34 years with the company Source...

Drake settles legal dispute with iHeartMedia over Kendrick Lamar’s ‘Not Like Us’
However, Drake's legal petition against Universal Music Group will remain active in a Texas court Source...

Sony Music, DNS Capital lead $16m Series A funding round for AI licensing platform Vermillio
Vermillio claims to be the first AI platform that 'securely licenses IP and allows IP holders and talent to safely engage with generative AI technologies'. Source...

Snoop Dogg says he’s ditching Spotify for Web3 platform Tune.FM
The rapper recently criticized Spotify, claiming he received less than $45,000 for over one billion streams on the platform Source...

Notorious B.I.G. estate nears $100m+ music rights deal with Primary Wave (report)
The transaction could cover 50% of both publishing and master rights to the late rapper’s work Source...

Warner Music Africa Francophone hosts songwriting camp in Abidjan
The camp took place months after Warner Music launched WM Africa Francophone, operating in France and French-speaking Sub-Saharan Africa Source...

Sony Music Publishing renews exclusive global deal with India’s Tips Music
Renewal includes the addition of YouTube (worldwide, ex India) as a key platform for publishing exploitation of Tips Music's catalog. Source...

Sony Music Publishing Japan launches NFTs for soon-to-disband J-pop group Sandal Telephone
Sony also disclosed plans for NFT distributions through Sony Pictures Entertainment Japan and Sony Music Entertainment France Source...

UK-based physical distributor Proper Music acquired by Netherlands’ Artone
Holding company Proper Music Group goes into administration; trading companies will no longer be affiliated with Proper Group AG (formerly Utopia Music) Source...