Sony Music’s $430m buyout of AWAL provisionally cleared by UK competition watchdog

Today (February 11), the UK’s Competition and Markets Authority (CMA) has confirmed its provisional decision over Sony‘s $430 million buyout of AWAL – and it’s given the deal the green light. The approval concludes a months-long investigation into SME’s acquisition of AWAL from Kobalt Music Group in early 2021. Source: Sony Music’s $430m buyout of AWAL provisionally cleared by UK competition Read More …

A new firm just raised over $100m to buy film and TV music rights – and it’s already made its first big acquisition

Just last month, UK-based Cutting Edge Music Holdings partnered with affiliates of London-based investment firm Blantyre Capital to acquire music publishing rights owned by composers who write music for film and TV – committing an initial $125 million to the strategy. Now, a new and very well funded player has entered the fold. Source: A new firm Read More …

Nas and Lil Baby-backed metaverse firm Everyrealm closes $60m funding round led by Andreesen Horowitz

Virtual real estate is big business, and it’s getting more and more attention from the music industry. Today (February 10), we learn of yet another metaverse firm closing a significant funding round, and it’s attracted investment from a few superstar artists, too. That company is Everyrealm (rebranded from Republic Realm), which describes itself as “one of the Read More …

Music funding platform beatBread raises $34m

The independent artist sector is growing fast, and an increasing number of firms are giving artists access to capital in the form of advances. One such company is music funding platform beatBread, which has just completed a $34 million seed round led by Fintech-focused venture capital firm, Deciens Capital. Source: Music funding platform beatBread raises $34m