Music Business Worldwide
March 12, 2021
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.
This week, Swedish music company Epidemic Sound took on a $450 million funding round, which gives the much talked-about firm a $1.4 billion valuation.
Meanwhile, B2B music licensing marketplace Songtradr has acquired award-winning Sydney-based music and sound design company Song Zu in a ‘multi-million dollar transaction’.
EQT och Blackstone investerar i musikplattformen Epidemic Sound
dagensjuridik.se - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dagensjuridik.se Daily Mail and Mail on Sunday newspapers.
Epidemic Sound closes $450M funding round at $1 4B valuation
hypebot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hypebot.com Daily Mail and Mail on Sunday newspapers.
Music Business Worldwide
March 11, 2021
An artist performs as he takes a selfie at Epidemic Sound s Music Summit 2019 in NYC
Much talked-about Swedish music company Epidemic Sound has just taken on a $450 million funding round – including money from investment giant Blackstone.
Epidemic Sound’s existing investors before today included Creandum and EQT Mid-Market, as well as Atwater Capital.
Epidemic Sound, which was founded in 2009, said that the new investment would “be used to further accelerate [our] customer acquisition and invest even more aggressively in [our] core user experience”.
In addition, Epidemic said the money would be used to fuel the company’s international expansion, both in existing territories and new markets.
Epidemic Sound raises $450M at a $1 4B valuation to soundtrack the internet – TechCrunch
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