music library platform raises $7.5M Series financing; Sony Music involved

Music library platform, which contains over 100,000 tracks and sound effects, has obtained $7.5-million in Series A financing led by Sony Music Entertainment, Third Prime, and Lightshed Ventures. joins an industry segment of music libraries in an addressable market of 22-million YouTube creators and 30-million independent creators who need audio assets for their creations. Continue Reading

NOW That’s What I Call Music! gets free mobile streaming option in UK

A streaming music app co-owned by Sony Music and Universal Music is adding a free tier. The labels operate NOW That’s What I Call Music! brand, which includes the NOW Music app for both iOS and Android mobile devices in the UK. The app now offers a free, ad-supported counterpart to its usual mid-tier subscription of £4.99 per month. Continue Reading

Sony Music Entertainment: Another podcast deal, arguably the biggest, reinforces Sony presence

Sony Music has forged a content development partnership with Somethin’ Else, an indie British podcast production company. The press release lists Sony’s contributions to be content expertise, marketing, and monetization. We don’t know whether Sony has taken an ownership stake in Somethin’ Else. We do know Sony is moving fast in podcasting. Continue Reading