Quick Hits: Apple, Glastonbury, Caribou & More

Music Industry News Roundup

Here is the latest news from the music industry:

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Deals

Bella Figura Music has secured a new round of funding led by private equity firm Freshstream to further expand its music catalog. CEO Alexi Cory-Smith expressed excitement about the future, emphasizing the company’s commitment to enhancing its music catalogue and creating value for creators and rights owners.

Sony Music has acquired podcast production company Neon Hum, solidifying their partnership after a strategic investment five years ago. Jonathan Hirsch, the founder of Neon Hum, will now serve as VP Global Podcasts and Head Of US Creative at Sony Music’s Global Podcast Division.

Feed.fm has teamed up with AI music tagging and search company Cyanite to enhance music discoverability on its platform. This collaboration aims to improve licensing compliance and boost revenues for recorded music.

Appointments

MaMA, a Paris-based music festival and conference, has undergone organizational changes. Co-founder Fernando Ladeiro-Marques has taken ownership following the retirement of co-founder Daniel Colling. Several key appointments have been made to the conference programming team, including Emmanuel Legrand and Emily Gonneau.

Digital

Apple has announced revisions to its App Store rules within the European Economic Area, allowing music streaming apps to provide information on alternative payment methods. This decision follows a €1.8 billion fine imposed by the EU for alleged antitrust violations related to music app distribution on iOS devices.

Gigs & Festivals

Exciting updates in the live music scene include news about Glastonbury tickets, a 40th-anniversary show by Dream Theater at the O2 Arena in London, Chilly Gonzales performing at the Royal Albert Hall, and upcoming shows by Rise Against in Manchester and London.

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Releases

New music releases to look out for include tracks from Caribou, Greg Saunier of Deerhoof, Mandy, Indiana, and Girls In Synthesis.

Stay tuned for more updates and developments in the dynamic world of music!



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