Collaborative Music Platform Drooble Is Shutting Down

SoundWare announces its partnership with Soundtrack Loops to provide a marketplace of royalty-free, high-quality music and sound effects for producers. SoundWare is a top provider of VST (Virtual Studio Technology) Plugins for music producers. Together with Soundtrack Loops, a leading creator of royalty-free music loops and samples, the companies will provide creators with a marketplace full of high-quality music and sound effects.

Last month, Universal Music Group (UMG) head Lucian Grainge expressed the belief “that the economic model for streaming needs to evolve” as part of “the industry’s next big shift.” Now, UMG has partnered with Tidal “to explore an innovative new economic model for music streaming.”

Podcast creation has reached an all-time low since it exploded in 2020 during the pandemic. Is the luster of this audio format wearing off for creators?. According to data compiled by Chartr, fewer podcasts were created in 2022 than the two years prior. The number of new shows created dropped 80% between 2020 and 2022. The core data is from Listen Notes, a podcast search engine.

After making several acquisitions during 2022, Beatport has purchased a majority interest in the International Music Summit (IMS). Denver-headquartered Beatport, which arrived on the scene in 2004 and bills itself as “the worldwide home of music for DJs, producers, and their fans,” formally announced this latest play today. For reference, the Soundful investor last year bought royalty-accounting and distribution company Ampsuite and demo-submission platform LabelRadar, besides making multiple executive appointments.

Hipgnosis Song Management (HSM) has officially purchased the catalog of production and songwriting trio TMS. Word of Blackstone-powered Hipgnosis Song Management’s latest song-rights investment just recently entered the media spotlight; in a contrast to most other formal announcements, HSM published the corresponding release on LinkedIn. The TMS deal –...