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Hipgnosis Revenues Topped $80m in FY2020 – Now It’s Raising Another $250m
Hipgnosis is currently in active discussions regarding the acquisition of a pipeline of catalogs with an acquisition value of over £1bn, and had therefore decided to explore raising additional funding for further investments.
Artists and Labels Offering Donations, Special Merch, and More Today
Today, Bandcamp is once again waiving its share of revenue and giving all proceeds to artists and labels.
#LetTheMusicPlay: Over 1,500 Artists Come Together to Call on Government to Stop “Catastrophic Damage” to Live Music
Over 1,500 artists including Liam Gallagher, Rita Ora, Sam Smith and Lewis Capaldi have signed an open letter to the Secretary of State for Digital, Culture, Media and Sport, Oliver Dowden – in a bid to “show the vital importance of the UK’s live music industry, ensure the Government cannot ignore live music and make noise to get the public and financial support the industry needs to survive”.
Caffeine Raises $113 Million to Take Live Rap Battles Mainstream
Caffeine raised $113 million to invest in new forms of entertainment that users can watch and engage with in real time. The aim is to differentiate its programming from industry leaders Twitch and YouTube.
Apple, Google, Amazon, and Facebook Ceos Will Testify Before Congress
The CEOs of Amazon, Facebook, Apple, and Google will testify before Congress later this month to answer questions related to its broad antitrust investigation of Big Tech.
Len Blavatnik-Backed Deezer Makes Mexico Music Bet
Deezer, the music streaming service backed by billionaire Len Blavatnik, is making a big bet on the fast-growing Mexican market through a partnership with media mogul Ricardo Salinas, which values the Spotify rival at €1.3bn.
YouTube Now Lets Creators Respond to Comments With AI-Generated Smart Replies
The company is rolling out Smart Reply — an AI-powered feature designed to help users generate appropriate replies without actually typing — to YouTube Studio.
Streamlabs & Stream Hatchet Q2 2020 Live Streaming Industry Report
After surpassing three billion hours watched for the first time in Q1, Twitch smashed its own record again. The platform experienced a massive 62.7% increase in hours watched compared to the previous quarter and increased by 83.1% year over year.
Prioritizing Original News Reporting on Facebook
Facebook is updating the way news stories are ranked in News Feed to prioritize original reporting and stories with transparent authorship.
Google Acquires Holographic Glasses Startup North
Google has acquired North, a pioneer in human computer interfaces and smart glasses.
LANDR Launches Pro Network, a Business Management and Digital Marketplace Platform
Canada-based music creation, mastering and distribution platform LANDR, which claims to have 3 million users in 160 countries, has launched the LANDR Pro Network, a new digital marketplace for music professionals.
In a Significant Expansion, Spotify to Launch Real-Time Lyrics in 26 Markets
The launch is being made possible by a new agreement with lyrics provider Musixmatch, which was also the source for the tests seen last year.
Facebook Expands Its Fan Subscription Program
Beyond subscriptions and virtual currencies, the company says it’s giving creators new ways to make money through advertising, including image and post-roll ads in short-form videos (60 to 180 seconds), as well as ads in live videos.
Artlist Raises $48m Led by KKR for Its Royalty-Free Music, Video and Sound Effect Library
Artlist is announcing a significant growth round of $48 million, both to continue its expansion, and to build better technology to help navigate users to the perfect clip.
Hipster Bait Turns Music Discovery Into an AR Scavenger Hunt
Hipster Bait will ‘release’ exclusive songs from new artists, and place them (digitally) at real-world locations as virtual cassettes, which people using the app can collect by visiting those locations.