The industry-first, seminanual benchmark polls artist managers, lawyers and indie executives for their expectations for catalog investment trends. The Index is intentionally centered on the perceptions of music industry stakeholders, rather than buyout funds and financial institutions that can be a few steps removed from the “action” in the space.
Source: Introducing: Duetti and Billboard’s Music Finance Index
Heavybit, the self-described “leading early-stage investor in enterprise infrastructure,” led the newer raise. Also contributing to the $4.5 million tranche were the Business Development Bank of Canada and Halifax-based Build Ventures. Looking ahead to the remainder of 2026, Musical AI intends to keep on building out its core attribution tech. Per the company, the involved tools are “successfully deployed” and “can parse what percentage of a generated output came from which source.”



Back in November, Napster’s $3 billion funding apparently fell through, leaving the music streaming platform’s future uncertain. Now, the company has abruptly shuttered its music streaming capabilities—while users were actively using the service—in its broader pivot to AI assistants. The pivot into AI isn’t unexpected—the brand was purchased by AI company Infinite Reality last year—but for users of the music streaming service, to call it jarring is an understatement.
PRS paid out GBP £274.9 million (USD $367.6 million) at the current exchange rate) to songwriters, composers and music publishers in December, a 4% increase over the same period a year earlier. In all, 51,500 PRS members will receive a payment this quarter, among them 400 songwriters and composers who will receive royalties for the first time.
IP acquisition is only the first step – one quickly followed by potentially overwhelming blocking and tackling. A typical catalog requires ingesting data from hundreds of platforms and sources spanning DSPs, sub-publishers, CMOs, and social media platforms, often in conflicting formats. And that’s just a working list of initial considerations to properly collect associated IP revenues, with downstream payouts and revenue splits another major area of concern.