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Music News

Quick hits: Highnote + $2.5 million • Sony Music acquires Songwhip • UnitedMasters + TikTok • Live Nation revenue • Music Marketing Awards

adminBy adminOctober 24, 2024Updated:October 24, 2024No Comments2 Mins Read

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collaboration platform Highnote has secured an additional $2.5 million in funding with participation from Dropbox Ventures.

With the rise of AI-powered platforms like Splice and BandLab, Highnote provides a streamlined workflow for creators to collaborate from demo to distribution. Click here for details.

• Sony Music acquired Songwhip and Fansifter as part of its Superfan strategy.

Sony Music executive Jacob Fowler described SongWhip as a “mini-website ‘link in bio’ solution for the music industry.”

“The easiest way for labels to quickly set up mini-websites on behalf of artists is to gather material in one place for fans to consume and engage with, and to link directly to it on the platform. their profile,” Fowler said.

• Indie and DIY music distributor UnitedMasters has entered into a multi-year direct partnership with TikTok.

The deal will give TikTok’s more than 1 billion users access to UnitedMasters’ complete catalog of independent music, and give UnitedMasters artists additional commercial opportunities through TikTok’s commercial music library.

• Live Nation will announce its third quarter financial results on Tuesday, November 12, 2024 at 5:00 a.m. PT. Michael Rapino, president and chief executive officer of Live Nation Entertainment, will host a conference call that day at 6 a.m. PT.

• Music Ally has announced the finalists for its annual Music Marketing Campaigns competition. See the complete list here.

Bruce Horton on 10/24/2024 in Music Business | Permalink | Comments (0)

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