Vimeo raised $150m as its parent company consider a spin-off of the video platform

Amid record revenue growth, US holding company and parent of Vimeo, IAC raised $150m for the video hosting/sharing platform and detail plans to separate Vimeo as its own company. During IAC’s Q3 earnings report, CEO…

Triller hits number 1 on the App Store in 50 countries without spending a dollar on marketing

Short video app and TikTok competitor Triller, pulls in over 250 million downloads, pushing it to the top spot in all categories of 50 markets including USA, UK, Russia, Brazil, Germany, France and Australia. Shortly…

BTS’s record label file IPO, looking to raise $1.6 billion

Big Hit Entertainment, the South Korean label behind hit pop group BTS, has filed for an IPO looking to raise up to 2 trillion won. In March we reported that Big Hit Entertainment were looking…

Quibi’s founder blames lack of users on coronavirus pandemic

After a relatively small number of signups, short-form video app Quibi’s founder Jeffrey Katzenberg has said “I attribute everything that has gone wrong to coronavirus. Everything.” Former head of Walt Disney Studios and founder of…

Investors want to Invest in Music Rights Companies – SESAC Restructuring Oversubscribed (Who is Next?)

It seems like there is a very large appetite for music rights investment at the moment. SESAC has just completed a refinancing of its capital structure, which has seen it sell off $530 million in…

Up to 50% of major label Universal Music Group is for sale

The biggest music label in the world has up to half of it’s stakes up for sale presenting a major opportunity for investors. Vivendi have just appointed banks who will manage the sale of up…

NetEase just raised a dollar for each of their 600 million listeners

NetEase have a LOT of listeners streaming music on their services and they’ve just gained a LOT of funding to help to expand and grow their user-base. NetEase Cloud Music is the Chinese music streaming…

Sonos look to the future as they reveal more IPO details

Sonos have put their speakers in homes around the world, now they’re taking their company public and have revealed details of how their entry onto the market will look. Earlier this year Spotify went public…

Spotify CEO wants “one million artists to live off their work”

Daniel Ek has spoken on what he wants for the future of Spotify saying that he wants more artists to make a living from music streaming. At Spotify’s Investor Day earlier this month Spotify’s CEO…

iHeartMedia have filed for bankruptcy to clear $20bn in debt

After weeks of uncertainty iHeartMedia are moving to resolve their massive debt by filing for bankruptcy. The past few weeks have been a tumultuous time for iHeartMedia Inc, owners of highly successful radio streaming platform…