Tag: acquisition

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Delivery Agent buys up Live Nation’s Musictoday

Delivery Agent, which is based around shopping via smart TV, is moving into music with the acquisition of Musictoday, a merchandise fulfillment company with over 500 acts on its books – including U2, Pitbull, Toby Keith...
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Beats and Apple push back on reports of more than 200 layoffs

Yesterday we reported on claims that around 200 staff were being laid off from Beats Electronics, as it moves to complete its acquisition by Apple. Now the two companies have clarified the situation: jobs are going, it’s...
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Reports predict layoffs for Beats, but Rogers and Reznor tipped to stay

Apple may have won EC approval of its $3bn Beats acquisition, but the deal hasn’t actually closed yet – it’s expected to this quarter, assuming various lawsuits filed since it was announced don’t prove...
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IMMF calls for labels to share advances and equity with artists

From Beats’ $3bn acquisition by Apple to Spotify’s long-expected IPO, digital music exits are provoking increasing amounts of unrest from artists and managers over whether labels’ share of the spoils will...
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Reports claim Twitter may decide to pass on SoundCloud acquisition

“Interest: yes. Acquisition offer: no,” was German news site Der Spiegel’s verdict on the rumours that Twitter was about to buy SoundCloud that emerged earlier this week. It claimed that Twitter had “definitely”...
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EC approves Apple’s Beats buy, citing ‘no anticompetitive effects’

One more barrier to Apple buying Beats Electronics has been removed, with news yesterday that the European Commission has approved the proposed $3bn acquisition. “The Commission concluded that the combination of the two...
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Report claims Twitter is considering buying SoundCloud

Well, at least we have something else to gossip about besides Apple buying Beats now. Twitter may be buying SoundCloud, although for now the story is equally speculative: Recode’s scoop includes lashings of “considering...
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Ahead of Apple acquisition, Mog founder sues Beats for $20m

Apple hasn’t acquired Beats Electronics and Beats Music yet, but there’s already a related lawsuit. Back in 2012, Beats bought streaming music service Mog to use as the base for what eventually became Beats Music (Bulletin,...
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YouTube MCN Fullscreen tipped for majority-stake sale to Otter Media

As one of the biggest YouTube multi-channel networks, Fullscreen has been sparking acquisition rumours ever since Disney agreed to buy its rival Maker Studios in a deal that could reach $950m. The latest report on Fullscreen...
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Did Google try to buy Spotify? Wall Street Journal and Recode disagree

We reported yesterday on news that a pair of Google execs are joining Spotify in advisory roles, and mischievously linked it to an SEC filing late last year when Google said it had “pursued but discontinued a potential...
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Facebook and Twitter make their latest moves in e-commerce

The idea of social commerce has received plenty of hype in recent years, but hasn’t always delivered on it. Both Facebook and Twitter are seemingly keen to rectify that state of affairs, with both making new moves yesterday....
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MCN consolidation as Rightster buys Base79 for up to £50m

UK-based multi-channel network (MCN) Base79 is familiar to the music industry, partly through its deal to run the channel of Ministry of Sound – one of the first of its kind when it launched in 2009 – and more recently...