MUSIC INDUSTRY NEWS

DJ 3LAU Breaks Sales Records with $11.6M in Sales During NFT Auction

DJ 3LAU has set a new sales record for NFT sales at auction – $11.6 million for 33 non-fungible tokens.

More Culture Funds Announced by Ottawa and Queen’s Park

On Tuesday, Heritage Minister Stephen Guilbeault announced a $40M injection of new capital into a “Covid-safe events fund” for the arts and culture sectors.

Square Acquires Majority Stake in Jay-Z’s Tidal for $297 Million

The rapper will retain his stake in the music streaming business and join Square’s board of directors as part of the deal.

Canada’s Anthem Entertainment ups spending power by $550 Million

Significant Equity Investment by Ontario Teachers Fund and $550 Million Syndicated Credit Facility comprised of $400 Million Revolving Credit Facility Plus $150 Million Accordion

David Crosby Sells Music Catalog to Irving Azoff’s Iconic Artists

Deal includes songs from his solo work, The Byrds and Crosby, Stills and Nash