Photo Credit: Hippopx / CC by 1.0 According to court documents, Jay-Z offered $1.5 billion to purchase Bacardi’s half of their D’USSE Cognac brand. Newly unsealed court documents show that Jay-Z and his SC Liquor company offered $1.5 billion for Bacardi’s ownership share in their cognac brand before he sued the spirits giant. However, Bacardi rejected the offer, […]
Photo Credit: Alexander Londoño One year after Astroworld, Houston officials issued new permitting procedures for large-scale events. The City of Houston is fine-tuning its plans to deal with large-scale events following the Astroworld tragedy last year in which ten people lost their lives. On Wednesday, the city finalized the new ordinance with signatures from Susan […]
Photo Credit: Collabstr TikTok CEO Shou Chew is dancing around the growing security concerns about U.S. data ending up in the hands of the Chinese government. Several U.S. federal entities including the FCC and FBI Director Christopher Wray have expressed concerns about the app. Now TikTok CEO Shou Chew says the company is taking serious […]
![Universal Music Group Takes Minority Investment in [PIAS]](https://noxumusicgroup.com/wp-content/uploads/2022/12/1670856031_Universal-Music-Group-Takes-Minority-Investment-in-PIAS-1024x576.jpg "Universal Music Group Takes Minority Investment in [PIAS]")
Photo Credit: [PIAS] Universal Music Group announces a minority share investment of the [PIAS] Group. One of the world’s leading independent music companies, [PIAS], has received a minority share investment from Universal Music Group, according to details first tipped to Digital Music News on Tuesday (November 29th). The announcement sees UMG acquiring a 49% shareholding […]
Photo Credit: IFPI IFPI launches ‘The Official MENA Chart’ spanning 13 countries, bringing definitive ranking to the region across all major streaming platforms. IFPI has announced the launch of The Official MENA Chart, the first regional music streaming chart, and the first official chart in the Middle East and North Africa (MENA). The new singles […]
Photo Credit: Wes Hicks Collaborative music platform Drooble is shutting down in December. The social media network was created by musicians for musicians to meet and collaborate together. Drooble was founded in 2013, back when Facebook and Twitter were still experiencing explosive growth. Drooble never reached mainstream success, but it does have a userbase of […]
Photo Credit: Cosmopolitan UK / CC by 3.0 A new report reveals that Adidas grappled with its Kanye problem for years but took little action. Adidas’ chief and senior executives in Germany discussed the risk of continuing a working relationship with Kanye West as far back as four years ago, documents reveal in a new report […]
Photo Credit: Instafest.app Now you can create a fake festival lineup from your Spotify plays with Instafest. If you’ve been on social media over the weekend, you’ve probably seen people posting music festival lineups based on their most-played artists on Spotify. At a glance, you might even think they’re posters for an actual music festival. […]
Photo Credit: Utopia Music Six-year-old music fintech company Utopia Music is reportedly set to reduce its staff costs by 20 percent after completing multiple acquisitions during late 2021 and early 2022. The expense-reduction plans of Utopia Music just recently came to light in an internally circulated memo, per Music Week. For reference, the Swiss business […]
Two months after Apple announced a price increase for Apple Music–the new monthly rate is rolling out. Apple announced in October 2022 that it would increase the price of Apple Music, Apple TV+, and the Apple One bundle. Those new prices were effective immediately for new subscribers but rolled out to current subscribers in a […]
