Warner Music Group becomes the first major label to adopt SoundCloud's user-centric payouts instead of the pro rata model used by Spotify
About three months after celebrating the anniversary of its fan-powered royalty model, SoundCloud has officially inked a global licensing deal with Warner Music Group.
Filing: Tencent took a 1.6% stake in Warner Music Group for $200M in Warner's IPO in separate transactions by two Tencent subsidiaries; shares now worth ~$250M
Chinese internet giant already had interests in Universal Music Group, Spotify — Tencent Holdings Ltd. TCEHY 1.56% took … Tweets: @somospostpc See also Mediagazer Tweets: Alex Barredo / @somospostpc...
Sources: Tencent is in talks to buy a $200M stake in Warner Music Group in advance of Warner's IPO; the offering is expected to value WMG around $11.7B- $13.3B
Wall Street Journal :
Spotify renews global licensing partnership with Warner Music Group, bringing WMG's roster of popular artists to Spotify users in India for the first time
Vikas SN / The Economic Times :
Warner Music Group sells its entire stake in Spotify for $504M
Jem Aswad / Variety : Tweets: @theblakemorgan See also Mediagazer Tweets: Blake Morgan / @theblakemorgan : “The sale resulted in $126 million “credited to artist accounts on their June 30 royalty sta...
Warner Music Group has sold 75% of its stake in Spotify for ~$400M; Sony said last week it sold about half of its Spotify shares for ~$750M
First Sony, now Warner Music Group. — As Spotify was getting its subscription music service off the ground, the world's biggest music labels took equity stakes in the company.
Spotify renews licensing deal with Warner Music Group, clearing last hurdle before going public
Peter Kafka / Recode :
Warner Music Group acquires core assets of concert discovery platform Songkick, including website and app, but not ticketing functions
Warner Music Group has acquired many of the core assets of concert discovery platform Songkick, including its website and app, along with the trademark.
Warner Music Group acquires core assets of concert discovery platform Songkick, including website and app, but not ticketing functions
Warner Music Group has acquired many of the core assets of concert discovery platform Songkick, including its website and app, along with the trademark.