Mariah Carey has moved her extensive catalog to performance rights organization ASCAP. The superstar was previously with BMI. ASCAP trumpeted the big news early this morning. ASCAP CEO Elizabeth Matthews indicated that she and her team are “honor…
Author archives: Marsha Silva
Spotify Reportedly Paid $250 Million for Podcast Platform The Ringer
Spotify’s recent acquisition of The Ringer, a sports and pop culture website and podcast network, cost approximately $250 million. Exact sales figures are expected to be publicly released in an upcoming SEC filing. According to an anonymous source spi…
Nipsey Hussle Documentary Sparks Intense Bidding War Between Netflix, Amazon, and Apple
Netflix is reportedly close to edging out Apple and Amazon for the rights to Ava DuVernay’s long-awaited Nipsey Hussle documentary. However, at the time of writing, the deal hadn’t been made official, as was widely reported. Instead, Hussle’s Marathon…
RealNetworks CEO Rob Glaser Buys $10 Million in Napster Stock
RealNetworks founder, chairman, and CEO Rob Glaser has invested $10 million in his company’s stock. According to the SEC filing, Glaser’s investment in Napster, which was funded personally, translates to 8,064,516 shares, with each costing about $1.24…
SoundCloud Receives Massive $75 Million Investment From Sirius XM
Sirius XM has invested $75 million in SoundCloud, per a recently published press release. The release also indicated that the “minority investment” resulted, at least in part, from SoundCloud’s positive business relationship with Pandora, a Sirius XM s…
Black Metal Arsonist Faces 70 Years in Prison for Baptist Church Burnings
Black metal musician Holden Matthews, a 22-year-old Louisiana resident, has pled guilty to intentionally burning down three Baptist churches that were predominantly attended by African Americans. Matthews, who is the son of a Louisiana sheriff’s deputy…
Paradigm Invests in Pitch & Sync, a London-Based Sync Agency
Paradigm has made a strategic investment in Pitch & Sync, a London-based sync agency that specializes in matching artists with those who wish to enhance their visual media with music. The terms of the investment, including pricing and the designat…
Jay-Z’s Tidal Lost $37 Million In 2018 — More Than 100,000 Subscribers Jumped Ship
Jay-Z’s Tidal lost approximately $37 million and 100,000 American subscribers in 2018, according to newly released figures. The music streaming service’s overall revenue grew by more than 25 percent from 2017 to nearly $150 million, according to a fi…
LiveXLive Acquires Spring Awakening Promoter React Presents for $2 Million
Live-streaming concert and original content platform LiveXLive has acquired React Presents, an organizer and promoter of EDM concerts. The deal came at a price of $2 million, according to the companies. The sum was funded with a convertible subordinat…
R. Kelly’s New York Bribery, Racketeering, and Sexual Assault Trial Has Been Postponed
A federal judge has delayed R. Kelly’s racketeering, sexual assault, and bribery trial in New York until July. However, U.S. District Judge Ann Donnelly didn’t give the troubled artist a break because she was feeling charitable. Rather, she said that K…