The genius of Bowie bonds is making a comeback, 14 years after they went away. MBW’s sources tell us that at least one major music rights portfolio owner is currently seeking a handsome rating (perhaps a platinum-plated, bet-the-house-on-it, super-solid-stuff rating) for bonds securitized against music assets.
Source: The name’s bonds. Music bonds.
Source: Netflix Reports Jump in Users, Calls ‘Squid Game’ Its Most Popular Show Ever
Streaming services may pay up to 30 percent more to production workers as part of the International Alliance of Theatrical Stage Employees’ (IATSE) deal with major Hollywood studios to avert a strike. The union tweeted a document that specifically outlined the new streaming terms of the tentative Basic Agreement.
Source: The IATSE’s strike-averting deal means better pay on streaming
Roar players will be able to play music as avatars in virtual studios with other players. They’ll also be able to create, collaborate, and share their music and performances live with the rest of the Roar community. There are solo artist and band modes, as well as game-based events and campaigns.
Roar Studios’ first $7 million funding round included Galaxy Interactive, Todd Wagner, Scott Barger, and other notable investors.
Source: Roar Studios Raises $7MM to Build ‘Music Metaverse’ for Online Collab
Audioshake debuted its “on-demand A.I. platform” in July of this year, and the service deconstructs “songs into their parts (called ‘stems’) so that they can be monetized for new uses in re-mixes, samples, sync licensing, and more,” the company’s announcement message relays. Since this platform’s rollout, Audioshake says that it’s secured clients including the major labels, Primary Wave, Hipgnosis, Downtown, CD Baby, and a number of indie labels, among others yet.
Source: AI-Powered Music-Separation Startup Audioshake Raises $2 Million
As expected, the global investment firm KKR and Kobalt Capital Limited have announced that KKR, together with its co-invest partner, Dundee Partners, the investment office of the Hendel family, have purchased the KMR Music Royalties II portfolio from KCL for approximately $1.1 billion.
Source: Kobalt Sells Fund II, With Songs by the Weeknd, Lorde and More, to KKR Venture for $1.1 Billion
Galaxy Interactive has raised a massive new fund to invest in crypto projects at the intersection of finance and tech. So far, the new Galaxy Interactive fund has already invested around $150 million of its capital in companies like video game maker Mythical Games and Masterworks, which lets people buy portions of fine art and register their title on a blockchain.
Source: Crypto Giant Galaxy Raises $325M for ‘Content and Technology’ Fund – Decrypt
Netflix paid $21.4 million for the nine-episode series, which premiered four weeks ago, and the company estimates “Squid Game” will deliver more than 40 times that — an estimated $891 million — in what it calls “impact value,” Bloomberg reported Saturday evening, citing confidential internal data that someone provided to the outlet.
Source: Netflix Projects ‘Squid Game’ Will Generate $891 Million in Value, According to Leaked Data
Visa has announced it will launch a program to introduce artists to the world of NFTs. The company is partnering with former MLB player Micah Johnson, who is now a digital artist, in order to show the benefits that non-fungible token (NFT) technology can provide. Things like new markets for art creations and at the same time, close the gap between consumers and art providers.
Source: Payments Giant Visa Launches NFT Program to Support Digital Artists – Bitcoin News
A year ago, new concert livestreaming platforms were popping up faster than we could count, each competing for attention in a dog-eat-dog environment. But now, as acquisitions seem to be happening at nearly the same pace, the crowded livestreaming sector has a new motto: If you can’t beat them, join them.