Affiliates of Private Equity Firms STG Complete acquisition Fanatic Technology An all-cash transaction valued at approximately $1.4 billion. The acquisition was previously announced on August 9 and approved by Avid shareholders on November 2. Under the terms of the deal, Avid shareholders will receive $27.05 per share. Avid common stock will cease trading before the market opens on November 7 and will no longer be listed on Nasdaq. Avid will operate as a private company and remain headquartered in Burlington, Massachusetts. “By becoming a private company, we believe Avid will be able to achieve the innovation speed, scale and performance we need to continue leading the industry forward.” said Jeff RosickaAvid CEO/President said in a statement. “Combined with its deep operating and financial resources, STG brings deep investment experience in the technology space that will accelerate Avid’s strategic vision and build on the momentum of successful and continued transformation we have achieved over the past several years.”
Global Content Studio North Road Company Working with 215 entertainment — the company co-founded by The Roots’ Ahmir “Questlove” Thompson and Tariq “Black Thought” Trotter — after acquiring a significant stake in the company. The deal establishes creative alignment between the two companies, with North Road planning to fund future 215 film, television and other creative projects as it expands the company. “While we have been successful to date, finding an investor and strategic partner like North Road will have a direct impact on our business as their superior manufacturing capabilities will help us significantly increase production,” Questlove said in a statement. .” “Additionally, the capital they put in gives us the flexibility to independently fund ideas, grow our management team and really scale the business.”
this anaheim ducks and Honda Center announced with future generations To commemorate the 30th anniversary of Ducks and Honda Center and the band’s breakthrough album, smash. The partnership will span the Ducks’ 30th anniversary season and beyond, including “Come Out and Play Night with The Offspring” on February 9, 2024. Bands from Orange County will perform that night. Includes limited edition and co-branded merchandise. Fans will also receive exclusive perks and rewards during Friday night’s game at Honda Center during the Ducks’ 30th anniversary season.In addition, the band and Ducks teamed up to create Puck Punks: Descendants Powerplay Hits, a limited-edition vinyl set will be available at the Ducks Team Store on February 9th, featuring multiple records signed by members of The Offspring and Ducks players. All proceeds raised will be donated to the Anaheim Ducks Foundation.
Universal Music Group India and leading Indian talent management company represent Reaching a strategic partnership allows REPRESENT members to have access to Universal Music Group’s global footprint in distribution, publishing, branding, etc., helping to promote the growth and influence of REPRESENT artists. The two companies will collaborate in areas such as artist development and fan engagement. Representative artists that will be distributed and supported by this collaboration include Anuv Jain, MC Stan, Zaeden, Lost Stories, Yashraj, Hanita Bhambri, Akanksha Bhandari, Kamakshi Khanna, Saahel, Savera, Kayan, OAFF and Jai Dhir.
Icelandic Chinese artist, composer, producer and multi-instrumentalist Laufey Cooperation with brand partners has been extended start Following the successful release of her album ObsessedIt debuted at No. 23 on the Billboard 200 in September. Laufey is nominated for Best Traditional Pop Vocal Album at next year’s Grammy Awards and is on a sold-out North American tour.
golden state musica new company established last year Charles Goldstuck The firm, formed to create a diversified portfolio of music rights and sound recordings, announces a “significant” investment and new partnerships with funds managed by Flexpoint Ford Asset Opportunities. The investment will help accelerate GoldState’s acquisition of music intellectual property assets, including complete catalogs, impact rights, master recordings and publishing rights. As part of the deal, GoldState will purchase new catalogs and manage the licensing, synchronization and management of existing and acquired rights. In its first year of operation, GoldState acquired music rights from several artists and songwriters “across multiple genres, geographies and asset types,” according to a press release.
this Dauda Leonard– Established music technology studio create safety Raises $4.6M in seed funding to launch TRINITI, a generative AI music platform designed to make it easier for artists and rights holders to license and monetize their data in generative AI models while providing a A platform to manage consent, credit and compensation. TRINITI has previously been used by Grimes (Leonard’s agency client) to distribute works to all major streaming services using cloned versions of his voice; more than 1,000 songs have been created since the project’s inception, according to a press release . TRINITI includes personalized AI tools with an attribution engine that inputs voice, sound, text and images to convey an artist’s musical and artistic vision.The round was led by cryptocurrency and blockchain technology investment firm Julian Capitaland from Crush Ventures, Anthony Saleh, Paris Hilton (11:11 Media), monthly payment, Chuck Ventures, unified music group and Dan Weisman (Vice President, Bernstein Private Wealth Management).
10K projects Establish a joint venture with Bread Boy Ventures, the record label of rapper Moneybagg Yo. The first release under the deal was YTB Fatt’s first mixtape, who is fat, dropped in August. Other projects released under the deal include a Loaf Boyz compilation album and new music from Memphis rapper Kevo Money. Moneybagg Yo’s solo works will continue to be released through Yo Gotti’s CMG label. This is 10K’s first deal since becoming an independent label under Warner Music Group.
Virgin Music Group Signs global deal with Latin independent label mechanical and Spring Equinox Memories. Both labels were founded by Mexican singer, songwriter and producer Pepe Aguilar and focus on regional Mexican music genres. Machin Records is home to Angela Aguilar, Leonardo Aguilar and Irany & David, while Equinoccio is the home of Pepe Hometown of Pepe Aguilar.
Online design platform canvas Launched a library of popular music through collaboration with Warner Music Group (including Warner Chappelle Music and Warner Music Records), Merlin and more than a dozen other record label and publisher deals announced earlier this year. Available songs include works by artists such as Michael Buble, Vance Joy, Kenya Grace and Curtis Mayfield, who will all earn royalties when snippets of their songs are used in Canva designs. The newly expanded music library is available to Canva Pro and Education subscribers, with access to music from Australia, the United States, the United Kingdom, Canada, Austria, Belgium, Croatia, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Spain, Sweden and Switzerland.
Music Finance Company sound royalties Announces new ‘working relationship’ with entertainment banker David Innesaccording to a press release. Under the agreement, Innes’ new venture, About Money Entertainment Advice and ConsultingThe press release adds that the sound royalty will be supported “by expanding its online presence among music creatives and expanding its new business pipeline.”
Space Network Technology Company cosmic rays cooperate with Creative Artists Agency (CAA) Use spatial and immersive technologies to create innovative experiences for CAA clients. In addition, the two companies will also work together to innovate sponsorship opportunities for corporate brands in virtual environments.
Music copyright and metadata management software platform Orpheus Cooperate with Japanese animation music company Bandai Namco Music Live. Under the agreement, Orfium will use its artificial intelligence-based rights management software to manage, optimize and monetize Bandai Namco’s tracks. Bandai Namco Music Live represents more than 3,000 creators and is a Love life! series, Violet Evergarden, one punch man and The Melancholy of Haruhi Suzumiya.
sound cloud Announcing partnership with A&R executives Randall “Sycamore” Medford, he has partnered with SoundCloud to establish IIIXL Studio, a new Brooklyn-based venture that will be dedicated to signing and developing New York-based artists for SoundCloud’s artist development program. The first IIXL artist-in-residence is Liim. Through the partnership, Sickamore will connect talent with SoundCloud’s Artist Partners division, which will provide white-glove creative and marketing resources to selected artists and their teams. A monthly New York hip-hop show is also coming up.
Also there sound cloudthe streaming platform partners with sleep, meditation and relaxation apps calm Bringing new mental health and wellness benefits to artists. Under the agreement, SoundCloud Next and Next Pro artists will have access to Calm’s exclusive benefits through SoundCloud’s existing membership benefits package, including free trials and 50% off Calm Premium.
potted planta platform that helps recording artists engage with and monetize their superfans, announced a partnership with Disharmonious, Youtube and Instagram Allowing fans to interact directly with their favorite artists. The core function of Bonsai is to allow artists to invite fans to participate in “asynchronous AMAs”, and fans can ask questions to artists through Bonsai. Artists can then record audio responses for their fans, which are then paired with visual generative art to form a “bonsai” that’s delivered to fans via text message, email and (newly offered) Discord, Instagram and YouTube.
we are giants – A new platform that helps artists expand their direct relationships with fans by hosting licensed listening parties of new music and unreleased demos, exclusive live streams, interactive chat rooms with musicians, and more – Officially announced with the announcement of a Round of $8 million in financing from investment management platform Sterling Partners.We Are Giants Led by Founder/CEO Andy AppleIn addition to his time at JPMorgan Chase, he has served as an investor at venture capital firms Sound Ventures and Wavemaker Partners.Also on the leadership team Dan McComas (formerly at Reddit), as VP of Product and Community.