Personal Finance

Stability AI is developing a legit ‘opt in’ artist marketplace… amid lawsuits over unauthorized scraping
CEO Prem Akkaraju told the Financial Times that the company now has "zero debt." Source...

HYBE vows ‘cooperation’ with authorities as South Korea financial regulator prepares to refer Bang Si-hyuk to prosecutors (report)
South Korea's securities watchdog voted to refer HYBE Chairman Bang Si-hyuk to prosecutors. Source...

Warner Music Group and Bain launch $1.2 billion fund to buy rights; each party owns 50% of venture
WMG CEO Robert Kyncl said: 'Augmenting our deep expertise and global infrastructure with Bain Capital’s financial prowess and belief in music will make us the destination of choice for preeminent ca...

Believe India launches Mahra Tora, an imprint dedicated to regional Haryanvi music
Mahra Tora will provide 'strategic, marketing and financial support to local talent, said Believe Source...

South Korea financial watchdog reportedly plans to refer HYBE’s Bang Si-hyuk to prosecutors over alleged IPO fraud
Bang Si-hyuk alleged to have misled HYBE investors in 2019 Source...

SK Sharma joins PE giant Warburg Pincus as Senior Advisor, focused on investment opportunities in Generative AI
Warburg Pincus LLC has more than $87 billion in assets under management Source...

HYBE America sells Big Machine Rock label to Gebbia Media
Scott Borchetta, founder of Big Machine Label Group, to join advisory board Gebbia Media parent Siebert Financial Source...

Reservoir subsidiary PopIndia strikes its first catalog deal with Musicraft Entertainment acquisition
Deal arrives a month after the launch of Reservoir Media's newly established Mumbai subsidiary Source...

Sony Music renews multi-year licensing deal with Tencent Music Entertainment
News was revealed within the Q1 financial filing published Tuesday morning by TME Source...

Matt Ellis appointed Chief Financial Officer of Universal Music Group
Most recently, Ellis served as Executive Vice President and CFO at Verizon Communications Source...

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