Tag: acquisitions

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Report: Facebook held serious acquisition talks with Musical.ly

Chinese technology firm Bytedance bought social-video app Musical·ly for reportedly north-of-$800m in November 2017. Then, in August 2018, it folded Musical·ly into TikTok (obligatory reminder: Musical·ly had nothing...
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Bytedance faces US national-security review of Musical.ly acquisition

US politicians have been expressing unease about TikTok and its Chinese parent company Bytedance in recent weeks. Now it seems the latter company is facing a national-security review of its 2017 acquisition of social app...
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Vivendi set for Tencent UMG investment, plus interest from others

Vivendi’s latest quarterly financial results yesterday provided us with an update on the company’s plans to sell up to half of Universal Music off to partners. Talks with Tencent to buy up to 20% of UMG continue: Vivendi said that...
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Shazam financials reveal it added 78m users in 2018

Shazam reached 478 million annual active users in 2018, which is 78 million more than in the previous year. The company’s revenues fell by 23% to £31.4m last year, but it swung from a loss of £17.7m in 2017 to a profit...
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Google tipped to buy TikTok-ish social app Firework

Another story for the soon-to-be-bulging file of ‘TikTok killers’ – most of which will turn out to be anything but. According to the Wall Street Journal, Google “has held discussions” about...
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Concord acquires Victory Records and Another Victory Publishing

Music firm Concord has announced its latest acquisition: Chicago-based independent label Victory Records, including the catalogue of its sister company Another Victory Publishing. The deal was for an undisclosed amount, although Billboard’s...
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Spotify’s SoundBetter acquisition may spark new revenue stream

Spotify announced its latest acquisition yesterday afternoon: it’s bought ‘music and audio production and collaboration marketplace’ SoundBetter. That’s a site that helps musicians find other musicians, producers...
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Alibaba reportedly buying a 20% stake in NetEase Cloud Music

Big moves are afoot in China’s music-streaming world, with reports that tech giant Alibaba is acquiring a 20% stake in NetEase Cloud Music, as part of a wider $2bn investment in the latter’s parent company NetEase. MBW suggests that...
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Festivals ticket’n’travel firm Festicket buys Event Genius

Festicket is the company that sells tickets AND travel to festivalgoers, currently working with more than 2,000 events worldwide. It’s just announced an acquisition that it hopes will fuel its next stage of growth. Festicket...
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Hasbro will pay $4bn in cash to buy Entertainment One

“eOne is on the rise. They’ve had a great couple of years, and they’re getting more diverse and more aggressive in the things that they do,” Techstars Music boss Bob Moczydlowsky told Music Ally yesterday, in our...
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Spotify’s latest podcast acquisition is music show ‘The 500’

Spotify has made another acquisition in the podcasts space, but this time it’s an individual show rather than a production company or recording app. Spotify is now the owner of ‘The 500 With Josh Adam Meyers’, a music-focused...
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Look beneath the drama of the BMLG / Scooter Braun / Taylor Swift row

There’s a whole sub-genre of YouTube channels and Instagram accounts dedicated to documenting ‘drama’ – the breakups, makeups, shade and almighty rows within the world of social-media stars. Today, music-industry...