June, 2024

Concord closes $850m Asset-Backed Securities transaction to ‘fuel strategic growth and acquisitions’
Transaction was led by Apollo Source...

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...

Music Industry Insights: Taylor Swift’s Surprise Collab, AI-Driven Covers, and New Albums
This week’s music news includes a surprise performance by Taylor Swift and Sabrina Carpenter, a bold new album from Tyler, the Creator, and a Spanish-language AI cover of a holiday classic. From cou...

Oasis to cancel 50,000 resale tickets amid tour scalping crackdown
The tour’s ticketing policy only allows purchases made through Ticketmaster or an authorized resale partner Source...

DistroKid to lay off 37 union workers
DistroKid estimates that it distributes 30-40% of all new music in the world Source...

CVC joins KKR in acquiring live events firm Superstruct
The news follows KKR's announcement in June that it would be acquiring Superstruct in a deal reported to be worth $1.4 billion Source...

Duetti secures fresh $114m to buy indie artist catalogs, including $80m raised through firm’s first asset-backed securitization transaction
Company, which officially launched in May 2023, says it has raised $235 million so far Source...

HYBE’s CEO just issued an apology to K-Pop artists, fans and rival labels amid a torrent of controversies from leaked internal documents. What’s going on?
Disparaging comments about certain K-pop stars have angered fans, while other revelations have piqued the interest of regulators Source...

Megan Thee Stallion joins Weverse, as HYBE revamps superfan platform to include ‘advanced translation features’ for artist posts
Megan Thee Stallion becomes the latest superstar to join the platform Source...

Chris Brown and Drake sued for at least $5m over alleged copyright infringement on ‘No Guidance’
'No Guidance' has been streamed more than 1 billion times on Spotify, and viewed more than 480 million times on YouTube Source...

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