MUSIC INDUSTRY NEWS

Jay-Z completes sale of Tidal to Jack Dorsey’s Square for reported $350M

Jay-Z’s deal to sell his music-streaming service Tidal to Jack Dorsey’s financial services company Square has closed, reportedly valuing Tidal at more than $435 million.

Hipgnosis Acquires 105 Songs From Grammy-Winner Andrew Watt in Eight-Figure Deal

Merck Mercuriadis calls Andrew Watt “arguably the most important writer and producer in the world today

Concord acquires 145,000 music copyrights from Downtown for around $400m

The copyrights included in the transaction were developed or acquired by Downtown over the past 14 years and bring Concord’s owned and controlled music assets to over 600,000 works.

Universal Music Group is Raising $3.5 Billion in Financing. Will A Spending Spree Follow?

Last month, MBW revealed that Universal Music Group spent a whopping €1.5 billion (approx $1.7bn) in 2020 on a combination of acquiring catalogs and paying advances to artists.

Dr. Luke’s Prescription Songs Will Pay Songwriters In Bitcoin

Dr. Luke’s Prescription Songs publishing company has announced that its songwriters will have the option of receiving their royalties in Bitcoin moving forward.

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Conor Oberst Abruptly Walks Out at Bright Eyes Show, Prompting Cancellation and Refunds

The Bright Eyes frontman left the stage after two songs during their Houston set, prompting the band to invite fans to perform karaoke...

Conor Oberst Quits Texas Show Two Songs In, as a Reportedly Erratic Bright Eyes Tour Continues

A tour by the band Bright Eyes that has led fans to express concern over the erratic behavior of frontman Conor Oberst reached its most provocative point yet Sunday night, as the singer was described as taking leave of the music after just a song and a half. The remaining musicians invited fans onto the...

Myke Towers, Camilo Win Big at ASCAP Latin Music Awards, Sony Discos Wins Publisher of the Year

Myke Towers. Camilo and Sony Discos are among the big winners at the ASCAP “El Premio” Latin Music Awards, which take place virtually through Tuesday. Towers was named Songwriter of the Year award for his triple-platinum single “Bandido;” his contribution to Sebastián Yatra’s chart-topping “Pareja del Año;” and other songs with artists including Jay Wheeler,...

‘Mad Max: Fury Road’ Composer Tom Holkenborg to Return for George Miller’s ‘Furiosa’

George Miller has confirmed that he and composer Tom Holkenborg, aka Junkie XL, will work together again on the next installment of the Mad Max franchise, “Furiosa.” Miller made the reveal at Cannes where his film, “3000 Years of Longing,” debuted, which Holkenborg also scored. Says Holkenborg: “What a week in Cannes for George and...

Travis Scott Sued for Provoking Stampede at Rolling Loud Miami 2019

Travis Scott is facing a new lawsuit over allegedly provoking a stampede at Rolling Loud Miami 2019. The lawsuit was filed by against Rolling Loud organizers in 2020 by Marchelle Love. Travis Scott as a defendant was added to the lawsuit last month after Love says she experienced severe injuries during the May 2019 concert....