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.
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.
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 publishing company has announced that its songwriters will have the option of receiving their royalties in Bitcoin moving forward.