Surf Music has been operating for three years: running in “quasi-stealth” mode in Japan and South Korea. Now it’s ready to go global.
Tuned Global hits the dancefloor with Pacemaker acquisition
Last year, we wrote about how music-tech firm Pacemaker – best known for its innovative DJ apps – was up for sale.
Songtradr agrees acquisition deal for B2B music firm 7digital
Music licensing firm Songtradr has long had an eye for an acquisition: Big Sync Music in 2019, CueSongs in 2020, Pretzel in 2021…
Cyanite debuts tech for ‘complex text input’ music searching
Cyanite’s latest music-search tech involves complex text input” using natural language, like the latest crop of text-to-image AIs.
K-Pop streams for businesses grew by more than 200% in 2022
Soundtrack Your Brand, one of the main companies providing music to shops, restaurants and other businesses, has offered some data points.
Rehegoo and Tuned Global launch ‘Music for Spaces’ service
Rehegoo Music Group is one of the companies focused on helping businesses license and play music, with an emphasis on new and unsigned artists.
Tuned Global adds Musiio AI-powered tagging to its platform
Musiio emerged in 2018 with technology that used AI to analyse and tag large catalogues of music.
TikTok wants to shake up B2B music licensing on its service
Earlier this year, Sony Music sued fitness brand Gymshark over use of its recordings in videos on Instagram, TikTok and Facebook.
Tuned Global talks telcos, wellness and local streaming growth
For B2B music company Tuned Global, years of hard work on its technology platform and music offering have been paying off in 2020 and 2021 so far.
“We’ve had a great last year: we’ve almost doubled as a business,” says managing director Con Raso, in an interview with Music Ally.
That growth has come from an increasingly diverse roster of clients, from telcos and local streaming service to wellness firms and other startups, who have tapped into various aspects of Tuned Global’s software and services.
7digital financials reveal Covid-19’s impact on its business
B2B digital music firm 7digital published its financial results for 2020 yesterday, with its revenues from ongoing operations falling by 20% to £6.5m (around $9m). However, the company narrowed its operating loss from £5.7m in 2019 to £2.1m in 2020 with what CEO Paul Langworthy described as its transition “to a leaner, more flexible, tech-focused business”.
“While our sales were impacted by the pandemic as our customers delayed purchasing or contract renewal decisions, it also threw up new opportunities for companies such as ours, accelerating trends that were already apparent pre-lockdowns,” added chairman Tamir Koch in the company’s annual report.
The pandemic impact was on clients delaying the launch of music (or music-using) services that required 7digital’s technology. However, fitness and social media apps were among those bright spots for 7digital in terms of client wins and renewals, with Apex Rides, Forme, Triller and Kuaishou among the companies it’s working with.
B2B licensing firm Songtradr raises $50m funding round
Songtradr’s $30m funding round last August has fuelled an acquisition strategy that has seen the B2B music licensing firm buy companies including Cuesongs, Pretzel, Song Zu, Tunefind and MassiveMusic. Now the company […]
Audible Magic gets into B2B licensing with MediaNet deal
MediaNet is one of the longest established companies in the B2B digital music space, running services for other companies and brands. In 2016 it was bought by Canadian collecting society […]