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Khosla Ventures-backed AI music company GRAI acquires social music platform Hangout
Hangout launched in November 2024 with a catalog of over 100 million tracks, licensed from Sony Music Entertainment, Universal Music Group, Warner Music Group, and Merlin. Source...
Vinyl counterfeiter who made $3.6M from fake Taylor Swift and Kendrick Lamar records jailed for 3.5 years in the UK
Rehan Ahmed generated £2.7M (USD $3.6M) from counterfeit vinyl pressed at a west London plant, in a case referred to police by the BPI. Source...
Judge explains StubHub arbitration ruling: ticket buyer agreed to terms barring class actions when he clicked ‘Buy Now’
Judge Jed S. Rakoff explained the one-page order issued over a week ago, which sent the case to private arbitration. Source...
UK-based avatar concert producer Unit1 Studio raises $20M led by Balderton Capital
The fundraise lands alongside what Unit1 calls a world first: the transfer of an avatar concert production from one venue to another. Source...
Apple to open 600-capacity live music venue in London, with two recording studios and a broadcast control room built in
Artists who play the new Apple Music Hall can leave with a Spatial Audio recording, a mix ready for broadcast, and multi-camera video of the same show. Source...
Tuboleta owner BeatHub buys out Chile’s BeLive to take 100% of Bogotá’s Movistar Arena
BeLive Entertainment retains 100% control of Colombiana de Escenarios, which runs the venue under a concession. Source...
American Music Tourism Act heads to Trump’s desk after House vote
The bill would add music to the tourism-promotion duties the Commerce Department already carries under the Visit America Act. Source...
Erica Campbell’s label sues distributor SRG/ILS Group, claiming it never sent a single royalty statement
My Block Records is seeking damages in excess of USD $1 million, plus interest and legal fees, and has demanded a jury trial. Source...
HYBE’s CEO and Musicow’s Chair named vice chairs of the Korea Venture Business Association
KOVA said it expects HYBE's arrival as a vice chair company to widen the connections between the content industry and Korea's venture ecosystem. Source...
T.J. Martell Foundation raises more than $3.2M at gala honoring Red Light Management’s Coran Capshaw – with Dave Matthews, Chris Stapleton, and Trey Anastasio performing
The sold-out gala honored Red Light Management founder Coran Capshaw with its Lifetime Music Industry Award. Source...
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