MusicBird Secures $100 Million Term Loan Facility to Buy More Music Rights

MusicBird AG, a Swiss-based music rights investment firm, has signed a term loan facility with a capacity up to $100 million with Mitsubishi UFJ Financial Group (MUFG). With publishing rights from hitmaker J.R. Rotem (Rihanna, Jason Derulo, Fall Out Boy) and master income and publishing rights from Shaggy already part of their acquired catalog, the firm is hoping to invest even further in music.

Source: MusicBird Secures $100 Million Term Loan Facility to Buy More Music Rights

RightsTech Extra

The TikTok Follies

By Paul Sweeting

Congress has passed, and President Biden has now signed, a bill requiring ByteDance to sell TikTok to an American buyer or American-controlled company within 270 days (possibly extendable to a year), or face having the app banned from the U.S. Things are not likely to work out quite as neatly as that forced choice would have it. TikTok CEO Shou Zi Chew issued a defiant statement in response to the bill’s passage proclaiming “we aren’t going anywhere,” and vowing to challenge the law in court. “We are confident, and we will keep fighting for your rights in the courts,” he said. “The facts and the Constitution are on our side, and we expect to prevail again.”... Read More >>

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