Universal Music launch initiative to boost music startups worldwide

Universal Music Group want to help new music-based companies and innovators take off with a new accelerator initiative. Universal Music Group (UMG) are helping companies to start out in the music industry and establish their presence….

South Korea’s booming music industry invests in Gushcloud startup

South Korea’s pop culture tidal wave that’s engulfing anyone who steps near to it is investing $3 million into Asian influencers Gushcloud. As part of strategic investment by the Korean record label YG Entertainment have…

Soundcharts get $3m+ in funding to track your music’s performance

Paris company Soundcharts just raised $3m+ to help them keep track of all the music activity and data for the industry. Less than a year after officially launching, spending a year in beta until late…

SONGS, publisher behind Lorde, The Weeknd & more up for $160m+ sale

The independent music publisher SONGS is going up for sale, with the majors like Warner, Sony and Universal likely keeping their eyes peeled. SONGS music publishing are responsible for some of the world’s biggest artists…

SoundCloud just secured it’s biggest funding ever, CEO assures they’re here to stay

After contesting rumours that SoundCloud were on the brink of shutdown CEO Alex Ljung has announced they have just wrapped up their largest round of funding ever. Recent months have seen SoundCloud face rumours of…

SoundCloud plan to get rid of founder CEO Alex Ljung

In light of a troublesome few months for SoundCloud their investors reportedly want to get rid of CEO Alex Ljung, the original founder. SoundCloud have had a troublesome time lately with reports circulating that they…

Adele reportedly investing in virtual reality music startup MelodyVR

A new report suggests that global superstar Adele is investing in a virtual reality company for music. According to a report by the Evening Standard, singer Adele has invested some of her giant fortune into…

Tim Westergren steps down as CEO after 17 years at Pandora

Pandora CEO and one of the streaming service’s founding members Tim Westergren is set to step down from Pandora top-dog soon. According to Recode Tim Westergren has decided to step down from his position as CEO…

Pandora just lost $250m selling Ticketfly event ticketing to Eventbrite but could spell partnership

Shortly following a giant $480 million investment from Sirius XM, Pandora have sold on ticketing company Ticketfly for a massive loss. Ticketfly’s ticketing business has been sold on to Eventbrite, a much larger company cut…

Pandora Radio get a $480 million investment from Sirius XM

Recent rumours come to a close as Sirius XM plugs a massive $480 million into Pandora, quashing suggestions that they were looking to acquire Pandora outright. Recent rumours in the industry had spread word that there…