August, 2024

Blackstone’s Hipgnosis is getting ready for its next phase…
Blackstone officially acquired Hipgnosis Songs Fund from its public shareholders in July Source...

Anthropic asks court to ‘prune’ Universal lawsuit to focus legal battle on ‘whether it is fair use’ to train AI using copyrighted works
Anthropic describes many of the claims against it as "implausible and supported by threadbare and conclusory allegations" Source...

Former Warner Music Group boss Edgar Bronfman Jr. makes $4.3bn bid for Paramount
The former head of Warner Music Group has thrown a last-minute wrench into Skydance's plans to merge with Paramount Source...

YouTube Music emerges as ‘most adopted music streaming service’ in Q2: Kantar
Subscriber loyalty hasn't been impacted by recent price hikes, Kantar's research has found Source...

Audio Chateau Records raises $4.5m; appoints Glen Barros and Jonathan Schulman to board
The company has hired Grayson Flatness as an A&R consultant, and Kate London to head up legal and business affairs Source...

Global streams of anime music have soared 395% on Spotify since 2021
Spotify reveals Anime music stats and partners with Sony-owned Anime platform Crunchyroll Source...

Billie Eilish overtakes The Weeknd as Spotify’s most popular artist
Eilish garnered 100.1 million monthly listeners compared to The Weeknd's 99.8 million Source...

Nichal Sethi promoted to Head of SoundOn EMEA; Toyin Mustapha steps up to Head of Music Partnerships for UK, Ireland and SSA at TikTok
TikTok promotes execs to key roles covering the UK & Ireland, EMEA, and SSA regions Source...

Over half of TikTok’s biggest global tracks of the summer are independently distributed
On Monday (August 19), TikTok revealed its Top 10 Songs of the Summer for the US and globally Source...

Grammy-winning singer/songwriter James Fauntleroy sells ‘select publishing assets’ to HarbourView Equity Partners
Fauntleroy has worked with some of the biggest names in music, including Bruno Mars, Justin Timberlake, Jay-Z, Beyoncé, Rihanna, and Drake Source...

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