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Napster just sold for $207 million

Engadget

The once-iconic music-sharing platform Napster just sold for $207 million, according to reporting by CNBC. More specifically, the company plans on creating virtual 3D spaces for music fans to attend concerts and listening parties, in addition to creating a sales platform for musicians and labels to sell merch.

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Music licensing marketplace Songtradr raises $50M

TechCrunch

Music licensing marketplace Songtradr this morning announced a $50 million Series D. The platform licenses music to high-profile names for advertising, films, TV, gaming and the like, including Disney, Netflix, Apple, Coca-Cola, Amazon and Google. Wiltshire adds that the company saw a 100% y-o-y revenue growth for 2020.

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TikTok and Sony Music reach a long-awaited licensing deal

The Verge

TikTok and Sony Music Entertainment have reached a licensing deal that will keep bringing songs from the record group’s roster of hit artists to the shortform video app. TikTok is paying “a significant increase” over its previous licensing deal, according to Bloomberg. Illustration by Alex Castro / The Verge.

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Songclip raises $11M to bring more licensed music to social media

TechCrunch

The team behind Songclip thinks that social media could use more music. Yes, music is a big part of the experience on a handful of apps like TikTok and Triller, but Songclip co-founder and COO John vanSuchtelen told me, “That is not the end of how music is going to be a feature, that is a beginning.”

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Facebook Gaming will now allow partnered streamers to play copyrighted music

The Verge

Today, Facebook Gaming is set to allow its partnered streamers to play copyrighted, popular music in the background of their live stream s — which means they’ve seemingly solved the copyright problem that’s plagued live-streaming (and basically the entire internet) since the beginning.

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The music industry has taken another step toward a legal fight with Twitch

The Verge

Amazon received a “blistering” letter last Thursday about copyright infringement and Twitch’s nonexistent licensing deals with major music rights holders, Variety reports. The document accuses Twitch of allowing streamers to play copyrighted music without getting the proper licensing to do so.

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Styngr makes it easier to license music for video games

VentureBeat

When it comes to getting music for games, Styngr is the only full licensed major label partner that can get pre-cleared music into games. Read More

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