CÜR Media lay off all staff on the brink of bankruptcy

CÜR Media is close to bankruptcy after raising over $13 million to launch a music streaming service for “the casual listener”. The CÜR Media offices are looking bare as the company has had to lay off…

Omnifone’s technology and assets to be sold to mystery company for $10 million

After a series of losses Omnifone, the digital B2B company that’s currently in administration, have accepted a sale of assets for $10 million to an unrevealed US company. Omnifone have built their business by providing…

PRS For Music and PPL Propose Merging Into One Entity

The two licensing companies responsible for businesses music licenses in the UK may become one as a 50/50, joint-venture company. The two collection societies, PRS for Music and PPL, collectors of royalties for musicians and…

Spotify Acquire 2 New Apps To Boost Discovery and Development

Spotify founders Martin Lorentzon and Daniel Ek Today Spotify announced the acquisition of two new companies, Soundwave and Cord Project, to “boost Spotify’s product and engineering capabilities”. Spotify are a company with great ambitions, and…

SFX Entertainment Consider Fire Sale of Assets Including Beatport

SFX Entertainment, an EDM promoter focussing on live events, is looking into a fire sale of its assets after one of it’s events, The TomorrowWorld festival, was left in disarray after torrential weather left many stranded…