Danny Wimmer Presents, a Los Angeles-headquartered music festival promoter, has secured a major investment from The Yucaipa Companies, a private equity firm also based out of Los Angeles. News of the backing was emailed to Digital Music News earlier to…
Category archives: Investor + VC Financing
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…
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…
AI-Powered Record Label Snafu Records Secures $2.9 Million In Financing
AI-powered record label Snafu Records has secured $2.9 million in seed funding. Founder and CEO Ankit Desai describes the LA-based startup as “the first full-service, AI-enabled record label.” Desai spent the past five years heading digital…
Radio-Tracking Platform WARM Raises $1.37MM — Sony a Big Backer
World Airplay Radio Monitor (WARM), a radio-tracking platform, has raised about $1.37 million (€1.25 million) in seed funding after taking part in an event held by the Sony Startup Acceleration Program Europe. The sum was contributed both by existing i…
Thematic Is Unlocking the Content Creator Economy for Artists — 2.5 Billion Plays, 1 Million Fan Conversions
Last time we reported on Thematic, the company had generated more than 1 billion song plays for its artists. Now, that number has surpassed 2.5 billion, just one of several impressive stats being shared by the company this week. It’s all part of a coll…
Sonos Moves Some Manufacturing Out of China, Adds $50 to Amp and Port Prices
Spotify is moving some of its production lines from China to Malaysia. The result is a $50 price hike for the Sonos Amp and Sonos Port devices. Sonos says its decision to move production is about diversifying its production lines. The company says tari…
Triller Lands Huge Investment, Says the Service is ‘Bigger Than TikTok’ in the U.S.
Triller says it is bigger than TikTok in the United States, with 26.5 million monthly active users. The announcement comes less than two months after the service declared 13 million MAUs. Triller says it is ‘overtaking TikTok in the United States…
Beat Maker Go Developer Gismart Invests $500,000 on the ‘Next TikTok’
Gismart has announced a $500,000 investment in Jambl, a Berlin-based music startup. Jambl hopes to become ‘the next TikTok’ for music discovery. The investment was made within the framework of Gismart’s investment program for mobile a…