146 posts and columns on Warner Music Group
News Byte$130 million in a round led by Warner Music Group owner Access Industries. Of that, $30 million will supposedly be used to buy out existing shareholders. Earlier this week Deezer invited press to an October 10 event where it said it would reveal “details of a major new funding investment.”
News ByteGreenLight Music, a Web-based music-licensing exchange run by Corbis, the Seattle-based company best known for its photo-licensing operations. GreenLight is designed to let professional users, like commercial producers, quickly clear the rights to songs owned by big labels like Sony, Warner Music and EMI. GreenLight will take a fee ranging from 10 to 20 percent of each transaction.