Believe Might Be Going Private Again—Just Three Years After Hitting the Stock Market
Just three years after its successful IPO, shareholders in Believe may be exploring a route to take the French company private again. Reuters reports that…
Category: Digital Music News
Spotify Time Capsule 2024—How to Open Your Playlist in a Bottle and Create a New One
Photo Credit: Spotify It’s time to open your Spotify time capsules made in 2023 and create a new ‘Playlist in a Bottle’ to open next…
Universal Music Group Confirms Layoffs Following Reports — Still No Word on the Number of Affected Employees
Universal Music layoffs have been confirmed by a company spokesperson. Photo Credit: Jason Goodman Following reports that Universal Music Group (UMG) would move forward with…
Council of Music Makers Takes Aim At Major Label CEOs’ ‘Upbeat’ Remarks, Says ‘The Same Mistakes Made in Streaming Are Now Being Made in AI’
Photo Credit: Igor Omilaev The UK’s Council of Music Makers (CMM) has called out “the upbeat new year messages” from major label heads and drawn…
FKA Twigs Assails ‘Double Standard’ After Calvin Klein Ad Banned in Britain
Photo Credit: Bobo Boom / CC by 2.0 After a British advertising watchdog banned FKA Twigs’ Calvin Klein ad in the country, the singer is…
Universal Music Group Stock Spikes Following Layoff Reports — Market Cap Tops $53 Billion
Universal Music Group stock (UMG on the Euronext Amsterdam) has surged following reports of planned Q1 layoffs. Universal Music Group stock (UMG on the Euronext…
AI Catalog Optimization is Here — What Now?
Digital Music News and our longtime partner Reprtoir joined forces for a live-streamed panel. On the occasion of Reprtoir and Cyanite teaming up to launch…
Diddy Will Not Be Attending the 2024 Grammy Awards
Photo Credit: Reckless Dream Photography / CC by 2.0 Embroiled in sexual assault lawsuits, Diddy will not be attending the 2024 Grammy Awards — despite…
Who Will Watch the AI Music Hubs? Discord Layoff Announced
Photo Credit: Alexander Shatov Following a spate of layoffs at Amazon-owned subsidiaries like Prime Video, Twitch, and Audible, it appears more layoffs are on the…
Universal Music Preparing Major Layoff Round of ‘Hundreds,’ with Recorded Music Division ‘Hit the Hardest’
Photo Credit: Josh Appel Universal Music Group is reportedly preparing to cut ‘hundreds’ of jobs in Q1, with UMG’s recorded music — the company’s largest…
Britney Spears Teams Up with Snapchat for ‘Baby One More Time’ 25th Anniversary
Britney Spears is celebrating the 25th anniversary of her debut hit, ‘Baby One More Time,’ with a series of augmented reality experiences on Snapchat. Britney…
The Weeknd’s ‘Blinding Lights’ is the Most Streamed Song on Spotify
Photo Credit: Spotify Just a year after surpassing Ed Sheeran’s “Shape of You” as the most-streamed song on Spotify, The Weeknd’s “Blinding Lights” has racked…
Michael Jackson Biopic is Coming Soon — Lionsgate Promises to Profile ‘Brilliant Yet Complicated Man’
Photo Credit: Constru-centro / CC by 4.0 Lionsgate and Universal will release a new Michael Jackson biopic in 2025, promising to profile a ‘brilliant yet…
Latest Music Industry Hires: Hipgnosis, Gibson, Deezer, Beatport, Utopia, More
In one of January 2024’s music industry hires and promotions, Luke Ericson (pictured) became Gibson’s COO on a permanent basis. Photo Credit: Gibson Brands Here’s…
Believe UK Inks Distribution Deal with Mahogany, Including An Upcoming DIY Distribution Service
Photo Credit: Believe Believe’s UK office has formed a long-term label solutions partnership with Mahogany. Mahogany is the global multi-platform music brand behind the Mahogany…
Hipgnosis Songs Fund Announces High-Profile Board Departure As Restructuring Deadline Nears
Photo Credit: Hipgnosis Songs Fund As the fate of Hipgnosis Songs Fund (HSF) hangs in the balance, longtime director Sylvia Coleman has officially exited the…
Web3 Streaming and Superfan Platform Tune.fm Announces $20 Million Raise, Targets Major Label Licensing Deals
Tune.fm has announced $20 million in new funding. Photo Credit: Tune.fm Web3 streaming platform Tune.fm has disclosed “a $20 million commitment of capital” and plans…
Crafting an Effective Electronic Press Kit (EPK) for Musicians
Photo credit: Priscilla Du Preez If you’re serious about your music career, you should create an Electronic Press Kit. It looks professional. It helps tell…
Artelize Announces $1.1 Million Funding Round to Invest in AI Services Supporting Global Visibility of Performing Arts
Photo Credit: Lindsay Martin Performing arts platform Artelize secures a $1.1 million pre-seed funding round to invest in its AI services to support global visibility…
Amazon Layoffs Will Impact Audible Division Too, Leaked Email Reveals
Photo Credit: Distingué CiDDiQi Amazon is looking to downsize various divisions, with Prime Video & Twitch layoffs announced yesterday. Now a leaked email reveals the…