The Deals: AI Music Platform Boomy Inks Distribution Pact With ADA; Futureverse Teams With CAA
Generative AI music creation platform, label and publisher Boomy has entered into a distribution partnership with ADA Worldwide , the independent label and distribution service of Warner Music Group. Under the agreement, Boomy's A&R team will bring top artists and music curated exclusively from Boomy's roster to ADA. Some Boomy artists are distributed and sold on platforms such as Spotify, Apple Music and YouTube Music. Key artists set to benefit from the partnership include rap producer Jelly, German harpist Katirha, Boston producer Lightfoot, rapper Paperboy Prince and techno/lo-fi music project Plague of Grackles. Boomy's AI systems enable human creators to create original music even if they do not have professional instruments or formal musical training.
Futureverse, an artificial intelligence and metaverse technology company, has signed an agreement with CAA for representation in all areas. The companies will work together to unlock new opportunities for talent and intellectual property in Web3, the metaverse, artificial intelligence, virtual games and experiences, and more. The announcement follows the unveiling of Futureverse JEN 1, a "high-fidelity model" strategy for creating text-based music, and paves the way for a new licensing system that compensates researchers, rights holders, producers and artists. “Futureverse's strategic partnership with CAA has created a strong bond to promote mutually beneficial business models that provide developers with innovative tools and profitable revenue streams. “As pioneers in artificial intelligence, Web3 and Metaverse infrastructure, guided by a deep appreciation for art and humanity, we see an incredibly bright future for the world of entertainment,” Futureverse founder Shara Sanderoff said in a statement . The founder of Futureverse is Aaron MacDonald .
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Through an existing joint venture, CTS Eventim and Sony Music Latin acquired Iberia Punto Ticket in Chile and Teleticket in Peru, thereby expanding the South American ticketing business of the joint venture launched in Brazil in 2016. The takeover will make concert ticket systems and similar services available to event organizers. and salons from both countries. The corporate management of the acquired companies remains in place.
Spotify has partnered with mobile operator Orange Middle East & Africa and is now offering customers additional data licenses to access Spotify services. “We recognize that data costs are still a barrier for people wanting to stream music. That’s why we at Spotify SSA are actively working on these partnerships,” says Jocelyn Muhutu-Remy , Spotify’s general manager for South Africa. . Africa Africa, in a statement. Brelot Ba , Orange's deputy director for the Middle East and Africa, added that the deal "will help accelerate digital inclusion on the continent." Orange operates in a total of 18 countries in Africa and the Middle East.
HARMAN , a Samsung Electronics subsidiary specializing in connected technology for the automotive, consumer and enterprise markets, has acquired Roon's music streaming, search and management platform. In a press release, Roon is described as a “music player for music lovers.” Available on all major operating systems, Roon also produces a line of server hardware called Nucleus. Roon will operate as an independent HARMAN company and will retain its current team. HARMAN is committed to expanding Roon's open device ecosystem, working with more than 160 audio brands and providing audio to more than 1,000 high-performance devices.
Universal Music Group (UMG) has signed an agreement with Ethiopian platform Sewasew Multimedia , which will now license and market UMG's music catalog in Ethiopia. “UMG has a long and successful presence in Africa and given Ethiopia’s rich and vibrant music culture, we are pleased to partner with Sewasew Multimedia to help realize the full potential of the Ethiopian music industry,” said Ulrik Kahn , Director of UMG Africa. the Middle East and Asia chief said in a statement.
Independent digital distributor IDOL has signed a global distribution and label services agreement with Young Art Records , the Los Angeles label of producer and DJ TOKiMONSTA. As part of the partnership, IDOL will handle global distribution and marketing of Young Art Records' catalog and major releases. In addition to TOKiMONSTA, Young Art's artists also include rapper Cakes Da Killa, Canadian R&B musician Rochelle Jordan and the instrumental duo Daktyl & Benni Ola.
Warner Music Group (WMG) has partnered with Ghanaian label and publisher Small World Records , founded by music entrepreneur and streetwear expert SmallGod . Under the new agreement, Small World will work with WMG, ADA and Warner Chappell Music to promote Small World's roster of artists and songwriters around the world and discover, nurture and nurture the next generation of African talent. SmallGod will continue to manage Small World operations.
SiriusXM has announced a new partnership with European Radio Monaco to launch SiriusXM Radio Monaco, bringing Monte Carlo artists and DJs to SiriusXM listeners in North America. According to a press release, Radio Monaco (originally launched in 2006) is the only music stream from Monaco. The channel broadcasts Jimmy'z live from Monte Carlo and DJ sets from the parties surrounding the Monaco Grand Prix, as well as offering interviews and exclusive content with the stars of the national music scene. Radio Monaco will be available to SiriusXM subscribers in North America.
Spinnin' Records has signed a new partnership with independent dance label and publisher Kanary Records , also known as production duo DVBBS, led by brothers Alex and Christopher Van den Hof . Artists on Kanary's roster include Arkade, Bad Nonn and Dayfive. “We are excited to work with Alex and Christopher and renew a relationship that goes back more than a decade,” said Jorn Heringa , A&R head of Spinnin' Records, in a statement. “Both brothers bring extensive experience and knowledge and will work harder than anyone to grow KANARY with us and take it to new heights. Welcome to Spinning!
Mozaic.io , a global payments platform that enables co-founders to automatically send and receive distributed payments, has closed a $20 million Series A funding round with Boston-based venture capital firm Volition Capital . Mozaic.io originally focused on paying music distributors, artists and collaborators and has since expanded to serve the entire peer-to-peer creator economy, with the goal of expanding further into the gig and freelance economy expand. The investment brings the total amount of funds raised for Mozaic.io to $27.1 million, with investments from Rise of the Rest, Maverick Nashville and music industry executive Joe Gallant . The funds will be used to develop new products and expand Mosaic's sales team and products.
Audoo is a music technology company that enables artists, songwriters, professionals and marketing executives to see where their music is being played in real time through their own audio meters and charge the best public performance prices in Abu Dhabi. Music rights organization ESMAA . Through the partnership, ESMAA will integrate Audoo's Audio Meter and Insights platform into its operating structure, enabling more accurate and transparent data collection and payment distribution for artists and rights holders. “ESMAA is at the forefront of creating a modern rights company and by implementing Audoo's best-in-class technology, we are leveraging the revenue potential identified with a system that optimizes the use of music recognition in public spaces,” said Speck . , co-founder. / Director General of ESMAA, in a statement.
Canadian booking agency Paquin Artists Agency (PAA) , a division of Paquin Entertainment Group, has signed a strategic partnership with Louis Carriere , founder/president of Quebec agency Preste . The partnership will deepen PAA's presence in Quebec through the opening of a new office in Montreal. PAA will also provide Career and its team with key resources to export talent from Quebec.
Believe-owned metal label Nuclear Blast has announced an exclusive e-commerce partnership with music and metalcore merchandise provider Impericon . Under the agreement, Impericon will control all of Nuclear Blast's e-commerce activities in Europe starting in the first quarter of 2024.
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