Between mid-August and mid-September 2024 alone, music industry companies secured over $360 million in funding. But where’s the money going? Answering that question (and gaining a better sense of the industry’s direction in the process) […]
Comparison of major labels Universal Music, Sony Music, and Warner Music annual revenue by calendar year. Note: 2023 figures account only for calendar Q1, Q2, and Q3. In our latest DMN Pro weekly analytical report, […]
Photo Credit: Universal Music Group Last month, it came to light that Universal Music Group (UMG) had retreaded the contract of chairman and CEO Lucian Grainge through May of 2028 with a two-thirds salary reduction […]
Cameron and Tyler Winklevoss, most well-known to the general public for their role in the founding of Facebook, could be the next cryptocurrency moguls to be in some hot financial water. The New York Post […]
Earlier this year, the PGA Tour had to contend with LIV Golf, the new Saudi-backed golf league. About 50 players jumped from the PGA to LIV, despite warnings of repercussions from the PGA’s end. While […]
Former MoviePass executives are now facing federal charges in connection with allegedly deceiving investors. Per a report from CBS News over the weekend, ex-MoviePass CEO Mitchell Lowe and Theodore Farnsworth, the former CEO of MoviePass […]
Diddy played a secret role in Elon Musk‘s takeover of Twitter … we’ve learned he was among the investors who helped Elon buy the bird app. Sources close to Diddy tell TMZ … the music […]
Photo Credit: YOOM YOOM raises $15 million in a star-studded round of investment from the likes of Finneas and Jimmy Iovine. YOOM, founded in 2016 by Dr. Miky Tamir and Micha Birnboim and known initially […]
pixabay Self-described “Crypto King” Aiden Pleterski recently had $2 million worth of assets seized after at least $35 million of investor money mysteriously disappeared. Among the items seized during bankruptcy proceedings were two McLarens, two […]
Photo Credit: Robot Food More than 1,000 investors are set to lose $750,000 collectively as Awesome Merchandise in the UK enters bankruptcy. The Leeds-based merchandiser previously raised £654,000 from 1,064 investors via the crowdfunding platform, […]
The New York Yankees are teaming up with U.S. private equity group RedBird Capital Partners to become minority investors in Italian soccer club AC Milan. The Financial Times reports Yankee Global Enterprises, the MLB team’s parent company, and […]