The round, which is expected to close at the end of the week, is being led by TPG and Dragoneer Investment Group, according to the report. It would bring the total amount of money raised by Spotify so far to more than $2.5 billion.
Debt financing has the advantage that it doesn’t dilute Spotify’s stock value, which means that employees and other investors aren’t effectively losing any money on the deal. However, the deal may give a Spotify a more definitive deadline for a public offering, at which point the lenders would be able to convert their debt notes into stock.
Brooks & Dunn had a hit once called “Put a Girl In It,” and that’s just what the Academy of Country Music Awards have done, adding Kelly Clarkson, Brandi Carlile and Ashley McBryde to the lineup of performers for the April 7 telecast on CBS. While they’re at it, they also added Brooks & Dunn, [...]
In the wake of the terrorists attacks on mosques in New Zealand last week, concerts in the country by former Pantera singer Philip Anselmo and his band the Illegals were cancelled due to statements he made in the past about “white power,” according to the New Zealand Herald. Anselmo was filmed giving a Nazi salute [...]
Remember the plot of “Be Kind, Rewind”? Mos Def plays a video store clerk who, after its inventory of videocassettes is erased, sets out with Jack Black to reshoot movies such as “Ghostbusters” and “Rush Hour 2” in the streets of Passaic, N.J. That idea — minus the wacky Fats Waller subplot — resonated with [...]
“Rocketman” is ready for lift off. Paramount Pictures threw a cocktail party Monday night to preview 15 minutes of the upcoming Elton John biopic, set for release on May 31, at the Troubadour in Los Angeles, the legendary rock club where John made his U.S. debut nearly 50 years ago. The footage featured pieces of [...]
Songtrust, the digital rights-management platform cofounded by Downtown Music Publishing’s Justin Kalifowitz, today announced that Joe Conyers III has been elevated to Chief Strategy Officer. According to the announcement, as co-founder and GM of Songtrust for the past eight years, Conyers has led the company from prototype to servicing over 20,000 publishers to collect their [...]
The list of artists heading to Vegas this year is getting a little longer. Reggaeton stars J. Balvin and Ozuna and DJ heavyweights Armin van Buuren, Deadmau5 and Eric Prydz are among the new artists who have announced residencies this spring at the Palms Casino Resort. The performers join previously announced residencies by Cardi B, [...]
Earlier this month, Amazon, Google, SiriusXM and Spotify challenged the Copyright Royalty Board’s decision to increase the compulsory mechanical rates paid to songwriters by 44% over the next five years. The streamers have come under fierce criticism for the move, which they claim is over the complexities of the CRB’s rules but is widely assumed [...]