Category: Uncategorized

Len Blavatnik’s Access Industries, the majority owner of Warner Music Group, has struck an agreement to sell 8.56 million shares of WMG’s Class A Common Stock to Morgan Stanley. Warner Music Group itself didn’t sell any shares in the offering, and won’t receive any of the proceeds. Morgan Stanley, as underwriter, is now expected to sell on Read More …

Decentralized blockchain video streaming network Livepeer Inc. today announced it has raised $20 million in new funding to maintain its infrastructure growth. The Series B-1 round was led by financier Alan Howard and Tiger Global, with participation from existing investors. This round follows up Livepeer’s Series B round in July, which raised $20 million, and brings the total funds Read More …

Library advocates in New York say that are discussing next steps with the bill’s sponsors, while ALA issued a statement pledging that library groups, library advocates, and friends of libraries will not cease our efforts to ensure fair pricing. The New York bill would have required “publishers who offer to license e-books to the public” Read More …

According to new figures confirmed by the UK’s official recorded music trade org, the BPI, the British market saw 147.2 billion total on-demand audio streams in 2021. That was up by 7.9 billion – or 5.7% – on 2020’s total haul (139.3 billion). This might sound like a lot… but when you compare it to the trends of Read More …

Symphonic – which hired former SoundExchange higher-up Ali Lieberman as VP of product last month – intends to put the $37 million tranche towards accelerating “technology development,” increasing the size of its team, expanding into new markets, and executing “acquisitions across the music and technology sectors,” higher-ups said. Source: Symphonic Distribution Completes 37M Series B as Distributor Read More …