Vivendi buys 80% stake in Dailymotion for $241m
Talking of Vivendi… The media group has completed its acquisition of an 80% stake in online video site Dailymotion for €217m (around $241m). The company was previously owned by Orange, with the French government having...
July 1, 2015
Forbes digs in to the ‘revenge of the record labels’
Shock news! Major labels have equity in digital music services! Yet there’s more to Forbes’ latest feature on the music industry than its reminder that WMG has a stake in SoundCloud, major labels have equity in Spotify...
April 17, 2015
Sony cites streaming as key to its future music plans
Changes are afoot at Sony Music’s parent corporation, which has announced its “mid-term” strategy for the next three years. That will see the company spinning off its camera and music-player businesses into a new subsidiary,...
February 20, 2015
Facebook could have invested in Xiaomi’s $1.1bn funding round
Facebook had talks over being one of the investors in Chinese device-maker Xiaomi’s recent $1.1bn funding round, according to Reuters, which suggests that a deal didn’t happen due to “political and commercial implications”...
January 20, 2015
Hearst invests $81.25m in youth-focused MCN AwesomenessTV
One last multi-channel network (MCN) deal to round off 2014? Media giant Hearst has paid $81.25m for a 25% stake in AwesomenessTV, the youth-focused MCN owned by Hollywood studio DreamWorks Animation. The deal values AwesomenessTV...
December 23, 2014
Rhapsody revenues up, but so are its losses
RealNetworks recently filed its financial results for the third quarter of the year, and as usual they included some figures for Rhapsody, in which it owns a significant stake still. The key figures: the company’s revenues...
November 17, 2014
UMG had a stake in Uber that would be worth $364m today
An emphasis on the “would” there, because the major label doesn’t still own that stake in the buzzy private cab company. And we’re not blaming Universal for not spotting that Uber – a startup a long way away from...
November 10, 2014
One Direction have a financial stake in 5 Seconds of Summer
Boy bands One Direction and 5 Seconds of Summer have been chummy since the latter band emerged, but there’s more than a management company in common. Billboard has a report outlining One Direction’s financial...
October 9, 2014
Otter Media takes controlling stake in MCN Fullscreen
Once Disney agreed to pay up to $950m for YouTube MCN Maker Studios, attention turned to its closest rival Fullscreen, which has been rumoured to be on the verge of selling for months. Yesterday, the deal was finally announced:...
September 23, 2014
AKQA takes 20% stake in Tunepics
We have written about Tunepics recently and how it is following in the footsteps of SoundTracking by adding music to static imagery to (potentially) drive music sales. It has now taken seed investment from digital marketing...
August 8, 2014
Sony Music buys 26% stake in Indian digital music firm Infibeam
It’s seemingly the week for major label investments in digital music, given the Shazam reports. But Sony Music Entertainment has also taken a stake in another digital music firm: Indian company Infibeam Digital Entertainment....
July 18, 2014