BuzzFeed Sells Complex to NTWRK in $109M Deal — Universal Music, Jimmy Iovine, and Goldman Sachs On Board As Investors
Digital Music News
by Dylan Smith
42m ago
BuzzFeed is officially offloading Complex to NTWRK, with investors in the nearly $109 million deal including Jimmy Iovine and Universal Music Group (UMG). Jamie Iovine-founded NTWRK and the reportedly troubled BuzzFeed (NASDAQ: BZFD) unveiled their $108.6 million transaction this afternoon, with the selling party having only acquired the overarching Complex Networks in late 2021. (Universal ..read more
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Taylor Swift Tops IFPI Bestsellers List for Second Consecutive Year — As K-Pop Acts Secure Four of the Top-10 Spots
Digital Music News
by Dylan Smith
6h ago
The International Federation of the Phonographic Industry (IFPI) has officially deemed Taylor Swift 2023’s “biggest-selling global recording artist.” The IFPI today announced last year’s 20 bestselling artists, factoring for recorded revenue generated via streaming, downloads, and physical sales including vinyl. Unsurprisingly, the ever-prominent Swift, who released re-recorded editions of Speak Now (July) and 1989 (October ..read more
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It’s a Beatles Biopic Bonanza — Four Feature Films Coming from Sony Pictures in 2027
Digital Music News
by Ashley King
6h ago
Sony Pictures preps four feature films about the Beatles — one from each band member’s perspective — for a global theatrical release in 2027. Sony Pictures Entertainment (SPE), together with Sam Mendes and Neal Street Productions, have announced a new creative project to tell the story of the Beatles with four theatrical feature films ..read more
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Jimmy Iovine Sexual Assault Lawsuit Dropped by Jane Doe Plaintiff
Digital Music News
by Ashley King
7h ago
An anonymous woman who sued Interscope Records co-founder Jimmy Iovine for sexual assault and battery has dropped her lawsuit. The unidentified woman who sued Jimmy Iovine for sexual assault and battery has dropped her lawsuit against the Interscope Records co-founder. According to a lawyer representing the woman, as of Thursday (February 15), the case is ..read more
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Kate Bush, Continued—Sophie Ellis-Bextor Sells Out in Europe, NYC Following ‘Murder on the Dancefloor’ Revival
Digital Music News
by Ashley King
7h ago
Sophie Ellis-Bextor is selling out shows across Europe and in New York City after the successful revival of “Murder on the Dancefloor.” The 2001 song was included in the viral movie ‘Saltburn’ and showcases another sync success following Kate Bush’s “Runnin’ Up That Hill” revival. Ellis-Bextor sang the song at the BAFTA Awards in the ..read more
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Why Wait A Year for Your Listening Stats?—Apple Music Replay Goes Monthly
Digital Music News
by Ashley King
7h ago
Forget Spotify Wrapped at the end of the year—Apple Music is making its Replay feature a monthly affair. Listening habits change month to month, so why not see those changes as they happen? Apple Music Replay is going monthly, giving its users a granulated look at their listening history throughout the month. Users can view ..read more
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Prison Time for Streaming Fraud? Trial Kicks Off in Denmark Over Alleged $635,000 Fake Stream Scheme
Digital Music News
by Dylan Smith
10h ago
In what could be a first, a Danish man is heading to trial to battle charges stemming from an alleged $635,000 fake stream scheme. Regional outlets such as DR just recently drew attention to the unique courtroom confrontation, the trial for which kicked off yesterday. With a verdict expected to arrive on or around the ..read more
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EngineEars Software Platform Raises $7.5 Million
Digital Music News
by Ashley King
1d ago
EngineEars, a software platform for artists, engineers, producers, and record labels, raises $7.5 million in a seed funding round led by VC firm Drive Capital. Vertical software platform EngineEars, designed for artists, engineers, producers, and record labels to facilitate discovery, session bookings, payments, project management, and distribution, has announced a successful $7.5 million seed round ..read more
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U.S. Appeals Court Overturns $1 Billion Cox Communications Infringement Verdict, Orders ‘A New Trial on Damages’
Digital Music News
by Dylan Smith
1d ago
Years after a jury ordered Cox Communications to pay the major labels $1 billion for alleged vicarious and contributory copyright infringement, the verdict has been partially overturned on appeal – with a new, damages-centered trial on the way. This latest twist in the marathon courtroom confrontation came to light today in a decision from the ..read more
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UMG Acquires Minority Stake in Chord Music Partners for $240 Million
Digital Music News
by Ashley King
1d ago
Universal Music Group acquires a 25.8% minority stake in Chord Music Partners for $250 million. Universal Music Group (UMG) and investment office Dundee Partners have announced UMG’s acquisition of a 25.8% interest in Chord Music Partners for $250 million, in a deal valuing Chord at $1.85 billion. Through the deal, UMG and Dundee Partners will ..read more
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