Audacy inks content distribution partnership with Cumulus Media

Audacy inks content distribution partnership with Cumulus Media

Audacy, Inc. and Cumulus Media, Inc. have reportedly signed a content distribution agreement, in order to bring Cumulus’s vast podcast portfolio and 413 radio stations to the digital platform of Audacy.

According to Cumulus Media’s Senior Vice President of Digital Operations and Business Development, Larry Linietsky, the company is pleased to have the opportunity to collaborate with Audacy, and expand the ability of their listeners to connect with and discover podcasts and stations via the Audacy app. He added that the alliance is in line with the company’s strategy to distribute its content using multiple platforms, to make it more widely available for u

Mdundo grows its music service reach with new MTN Nigeria telco deal

Mdundo grows its music service reach with new MTN Nigeria telco deal

Mdundo, an up-and-coming African music service, has reportedly announced a new telecom collaboration with MTN Nigeria, which has more than 70 million customers in the nation.

In addition to the aforementioned, Mdundo, which went public in September 2020 on the Danish stock exchange, also reportedly stated that it had reached 8.7 million monthly active subscribers as of June of 2021, up 1.7 million from that of February 2021.

MTN has more than 200 million mobile subscribers throughout Africa and operates in 16 African nations.

MTN and Mdundo will collaborate to roll out a music bundle for MTN users th

Hong Kong-based Allsaints secures $60M in Series B1 financing round

Hong Kong-based Allsaints secures $60M in Series B1 financing round

Allsaints Music Group, a Hong Kong-based music company, has reportedly bagged $60 million in a Series B1 financing round, initiated by CMB International and OPPO. This funding round also includes participation from other investors namely Huiyou Capital and smartphone giant, Xiaomi.

Sources familiar with the matter have reportedly stated that the early investors of Allsaints include prominent mobile technology companies. The company also has struck global strategic agreements with various mobile device manufacturers such as Xiaomi, Vivo, and OPPO. In addition, it is accessible to multiple mobile phone users through its deals inked with varied manufacturers, sources added.

Apple Music buys Primephonic to offer classical music streaming service

Apple Music buys Primephonic to offer classical music streaming service

American tech giant, Apple has acquired Primephonic- an Amsterdam-based classical music streaming platform in a bid to expand its classical music streaming service.

With this acquisition, Primephonic will focus on offering a genre of music that has been absent in the Apple Music gallery due to its generalized approach towards music streaming.

According to an official statement by Apple, Primephonic’s playlists and ‘exclusive audio content’ will be integrated into Apple Music. The result will be a considerably enhanced classical music experience. The company will also introduce a standalone Apple Music classical applica

Royal raises $16M in seed funding round led by Founder Funds & Paradigm

Royal raises $16M in seed funding round led by Founder Funds & Paradigm

Founders Fund, a San Francisco-based venture capital firm, and Paradigm, an investment firm focused on crypto companies, are reportedly spearheading investment in a platform that is looking to combine music rights with NFTs.

According to credible reports, the new platform, called Royal, allows users to purchase shares in songs using the company's marketplace, cashing in on royalties as the music they have invested in grows in popularity.

The new venture is being led by Justin Blau, an EDM artist who is more prominently known as 3LAU, and JD Ross, a co-founder of the home-buying firm Opendoor. Blau has been one of the most visible an

Hipgnosis acquires catalog rights from Fleetwood Mac’s Christine McVie

Hipgnosis acquires catalog rights from Fleetwood Mac’s Christine McVie

Merck Mercuriadis-led firm Hipgnosis Songs Fund has reportedly acquired Christine McVie's catalogs just seven months after purchasing 100% of Lindsey Buckingham's publishing rights.

Hipgnosis now owns the song copyrights and writers share for seven of Fleetwood Mac's 11 songs, 11 out of 16 songs on Greatest Hits, 9 of 12 songs on Mirage, 15 of Tusk's 20 songs, eight of Rumours' 11 songs, nine of 12 songs on Tango In The Night, and 12 of 17 songs on The Dance, combined with its Buckingham acquisition.

According to Hipgnosis' filings, the 115 songs bought in the deal cloaked in USD 1.7 million during 2020, USD 1.72

UK musicians criticize government’s statement on visa-free EU touring

UK musicians criticize government’s statement on visa-free EU touring

Unions and trade bodies representing musicians in the United Kingdom have reportedly expressed dissatisfaction with a government announcement on European work visas, claiming that it does not change the situation at all.

According to reports, musicians and performers are increasingly accusing the UK government of neglecting their plight by failing to negotiate any Brexit agreement that would restore visa-free working conditions.

The Department for Digital, Culture, Media, and Sport (DCMS) issued a statement this week titled 'Visa-free short-term touring permitted in 19 member countries’. It stated that after discussions with e

Banijay France purchases DMLS TV for local footprint expansion

Banijay France purchases DMLS TV for local footprint expansion

Renowned international content provider, Banijay France has reportedly acquired DMLS TV, a France-based music entertainment producer, in a bid to proliferate its local footprint.

Apparently, DMLS TV gives access to some of the leading artists as well as musical entertainment shows across France, including the Duos Mystères, La Chanson Secrète, and the La Chanson Challenge.

For the record, the music entertainment firm was established around 20 years ago and continues to be led by the duo of Mathieu Vergne and Anne Marcassus, who are also the volunteer executive producers of Les Enfoirés, the annual ratings smash char

Breakr bags $4.2Mn seed funds to help influencer-artist connect

Breakr bags $4.2Mn seed funds to help influencer-artist connect

U.S.-based music application, Breakr has raised USD 4.2 million in a seed funding round led by Slow Ventures. Notably, the latest raise follows USD 700k in funds led by TxO fund- a subsidiary of leading venture capital firm- Andreessen Horowitz- a funding round that most people considered a proof of concept.

One of the main reasons attracting investments to Breakr is its novel offering that connects upcoming musicians with social media influencers. Through this, musicians witness exposure, and influencers are paid to host an office-hours listening session. Breakr receives a 10% cut from the total r