Hotly-tipped UK artist Holly Humberstone signs with Polydor, Interscope, and Darkroom Records – Music Business Worldwide

The last artist to have a working relationship with Platoon, and then jointly sign to Interscope and Darkroom Records was… ah, you know who it was. Now-Apple-owned Platoon was the distributor for Billie Eilish before the multiple-Grammy-winning artist inked a deal with UMG’s Interscope and Darkroom’s Justin Lubliner. Today (March 17), we learn that another hotly-tipped […]

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France’s recorded music market generated revenues of $883m in 2020 – Music Business Worldwide

The recorded music market in France generated €781 million (approximately $883m) in 2020, representing annual growth – albeit very small annual growth – of just 0.1% in the pandemic year. The results, which include total revenues for physical and digital sales, neighboring rights and sync, were published this week by French trade body SNEP. According […]

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Warner Music Group joins $52.5m Series C funding round in gaming UGC platform Overwolf – Music Business Worldwide

Overwolf, an Israel-based company that lets creators build, distribute, and monetize in-game apps and mods has raised $52.5 million in a Series C round. The round was co-led by Griffin Gaming Partners and Insight Partners with participation from investors including Ubisoft, Warner Music Group, Meg Whitman, Gen.G Co-Founder, Kevin Chou, and existing investors Marker, Intel […]

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Distiller Music Group signs global deal with Believe – Music Business Worldwide

London based independent music company Distiller Music Group has inked a wide-ranging agreement with Paris-based Believe. This new global deal will see Distiller Music Group transfer all of its digital distribution to Believe who will also be providing international marketing support across the company’s roster of artists. All of Distiller Music Group’s forthcoming new releases, […]

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View: India’s new bank for infra financing is clearly mandated to have a ‘developmental role’

And it finally gets an institutional structure that can be a receptacle to monetise global goodwill into friendly funding from all over the world. Synopsis As Nirmala Sitharaman let us know on Tuesday, it is to start with an equity base of Rs 20,000 crore — the largest-ever institutional startup — plus a one-time Rs […]

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Fed keeps zero-rate outlook, sees inflation bump as short-lived

By Craig Torres Federal Reserve officials continued to project near-zero interest rates at least through 2023, while upgrading their economic outlook to reflect greater optimism over the US recovery from Covid-19 amid a surge in Treasury yields. “Following a moderation in the pace of the recovery, indicators of economic activity and employment have turned up […]

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CBI books Cadbury India for allegedly obtaining factory licence in HP

The Central Bureau of Investigation (CBI) has registered a case against Cadbury India Limited (now Mondolez Foods Pvt Ltd) and Central Excise tax officials for allegedly obtaining a licence of chocolate factory in Himachal Pradesh in 2009-2010. It is alleged that the company in conspiracy with Excise officials availed excise exemption benefits of Rs 240 […]

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Aditya Birla Capital may rally up to 30% ahead of MF arm IPO

Aditya Birla Sun Life AMC is likely to be valued at over Rs 24,000 crore in the IPO, according to analyst estimates. Synopsis The share sale in Aditya Birla Sun Life Asset Management Company will unlock value in the financial services company belonging to the Aditya Birla Group, boosting its valuations. MUMBAI: Shares of Aditya […]

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Take steps to contain further deterioration in exports, imports: Parliamentary Panel

A parliamentary panel has suggested to the Department of Commerce to take appropriate measures to check further deterioration in exports and crucial imports for preventing more disruptions in the supply chains. A report by the department-related Parliamentary Standing Committee on Commerce said the committee is perturbed to note the “precipitous” decline in both exports and […]

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Tata Communications OFS closes; govt to mop up nearly Rs 5,440 crore

MUMBAI: The government is expected to garner Rs 5,440 crore from the offer for sale (OFS) of the which ended on Wednesday. The OFS was subscribed 1.33 times despite poor response from the retail investors. The offer received overall bids for 6.12 crore shares as against 4.6 crore shares on offer. Though the floor price […]

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