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Wyclef Jean Has Raised $25 Million to Democratize the Global Digital Music Marketplace
It will be used to sign songwriters and producers in parts of Africa, the Caribbean, and other underserved markets with the goal of empowering creative artists by giving them the publishing and distribution resources they need to promote their music and earn royalties.
TikTok Inks Licensing Deal With Merlin to Use Music From Independent Labels in Videos and New Resso Streaming Service
TikTok, the fast-growing user-generated video app from China’s ByteDance, has been building a new music streaming service to compete against the likes of Spotify, Apple Music and Amazon Music. And today it’s announcing a deal that helps pave the way for a global launch of it.
Could an Overhaul of Payola Rules Be on the Horizon? Majors Asked to Explain Anti-Payola Practices to FCC
FCC Commissioner Michael O’Rielly has written to Sony Music Entertainment, Warner Music Group and Universal Music Group in the United States to request information from the companies about their current payola-prevention ‘mechanisms’, in addition to their ‘understanding of the current payola rules’.
Amazon Now Has More Than 55m Music Streaming Users
“The streaming service has reached more than 55 million customers globally, with subscriptions to Amazon Music Unlimited growing by more than 50% last year alone,” claimed Amazon in its announcement.
Octi Launches a Social Network Built Around Augmented Reality
Octi has created a new social network that uses augmented reality to connect the act of seeing your friends in real life with viewing digital content like their favorite YouTube videos and Spotify songs.
Hasbro’s Buyout of Entertainment One Cleared by UK Antitrust Authority
The acquisition of eOne – home to records/management/publishing outfit, eOne Music – was officially confirmed on December 30, with classic albums by the likes of Snoop Dogg, Tupac and Chuck Berry now under a new roof.
Worldwide Independent Network (WIN) Elects New Board of Directors
The Worldwide Independent Network (WIN) has announced its newly elected board of directors. (h/t Music Business Worldwide)
USC Annenberg Study: ‘Women Are Still Missing From Popular Music’
The USC Annenberg School for Communication and Journalism has published its third annual report on the music industry, focusing on diversity and inclusion.
Spotify Test Lets Influencers Post Stories to Introduce Their Own Playlists
Spotify is testing a new Stories feature that will allow select influencers to incorporate video elements into their public playlists.
Alphabet CEO Sundar Pichai Says There Is ‘No Question’ That AI Needs to Be Regulated
Google and Alphabet CEO Sundar Pichai has called for new regulations in the world of AI, highlighting the dangers posed by technology like facial recognition and deepfakes, while stressing that any legislation must balance “potential harms … with social opportunities.”
Spotify in Talks to Acquire Bill Simmons’ The Ringer
Spotify is in early talks to acquire The Ringer, the digital content and podcast network launched by ESPN alum Bill Simmons in 2016, according to a report in the Wall Street Journal.