Music conglomerate Live Nation has acquired yet another company. This time it purchased Finland’s Hög Agency & Promotion though its local subsidiary Live Nation Finland. Hög Agency began in 2016 and it has since been a major player in the local mus…
Category archives: Mergers and Acquisitions
Music Industry Land Grab Continues — Concord Acquires Victory In Estimated $30MM Deal
Chicago punk/rock label Victory Records has now been gobbled up by Concord — with thousands of tracks included in the deal. Victory is the brainchild of Tony Brummel, who started the label in Chicago back in the late-80s. Over time, the label expanded…
AEG Acquires 100% Ownership Over AXS Tickets
AEG has moved from stakeholder to 100% owner of AXS Tickets. The deal comes after fellow co-owners of AXS — Rockbridge Growth Equity and TPG Capital — negotiated the sell-off to AEG, which previously owned 38% of the company. The deal comes ahead of a …
KAABOO Bought Through Virgin Fest Affiliate — Branding Will Remain Unchanged
The KAABOO festival brand has been acquired by Virgin Fest. Jason Felts will lead the festival next year. Virgin Fest is the music festival arm of Richard Branson’s multi-national conglomerate, Virgin Group Ltd. Virgin Fest founder and CEO Jason Felts …
Spotify’s Shopping Spree Continues — This Time, It’s a SoundBetter Acquisition
Buying SoundBetter’s the easy part. Now, Spotify’s gotta figure out what to do with it. And Spotify’s latest acquisition? That would be SoundBetter, an audio production professional marketplace that’s been quietly facilitating collaborations since 2012…
Warner Records Inks a Partnership With Masked Gorilla — And Out Pops a Hip-Hop Label
Roger Gengo, who runs the hip-hop site Masked Gorilla, has started a new record label called Masked Records in partnership with Warner Records. The new label has already signed its first major music artist: up-and-coming rapper 2KBABY, whose “Old Stree…
Jammber Acquires TuneRegistry to Conquer the ‘Evermore Fragmented Global Music Rights Ecosystem’
Jammber has announced it has acquired music rights management company TuneRegistry. The terms of the deal were not disclosed, but Jammber aims to use the platform for its royalty management capabilities. Jammber is launching a new royalty-splitting app…
Billionaire Mark Cuban Sells AXS TV — AEG Remains an Active Partner
Billionaire businessman Mark Cuban has sold a majority interest in HDNet, LLC., the parent company of AXS TV and HDNet Movies. Though the financial terms of the deal weren’t publicly revealed, it seems likely that Cuban turned a sizable profit. The Dal…
Alibaba Buys NetEase E-Commerce Platform Kaola for $2 Billion — And Drops $700 Million on NetEase Cloud Music
Alibaba has purchased NetEase’s Kaola e-commerce platform in a deal worth $2 billion. The deal also includes a massive investment in NetEase’s music streaming service. Alibaba is now control of the biggest Chinese online marketplace for foreign brands….
Indie Publishing Heavyweight Reservoir Acquires Chrysalis, Blue Raincoat
Reservoir has purchased the storied Chrysalis and its Blue Raincoat sub-division. The recently announced deal will bolster Reservoir’s already-extensive library of songs. Already, Reservoir’s assets are stretching the bounds of ‘indie’: the publishing…