News

WARNER BROS. DISCOVERY EXPLORING SALE OF MUSIC ASSETS THAT COULD BE VALUED AT $1BN+ (REPORT)

Warner Bros Discovery was formed in April last year via the merger of WarnerMedia with Discovery, after the former company completed its acquisition of WarnerMedia from AT&T.

The merger combined entertainment and media properties ranging from the Discovery Channel, to Warner Bros. Entertainment, CNN, DC, Eurosport, HBO, HBO Max, HGTV, the Food Network and more

THE SONY WALKMAN IS BACK… AS A HI-RES STREAMING PLAYER

Sony just introduced two new devices called the NW-ZX707 and the NW-A306, which the company claims, offer “evolutionary sound”.

Music can be either streamed via Wi-Fi or downloaded to the devices.

The new Walkman players are supported by Android, and Sony says that you can use “your favourite streaming and music apps right on your Walkman or connect to a PC to access your music collection”.

Apple iOS compatibility is not mentioned in the product description.

MUSIC NOW HAS OVER 616 MILLION PAYING STREAMING SUBSCRIBERS GLOBALLY

MBW’s Stat Of The Week is a series in which we highlight a single data point that deserves the attention of the global music industry. Stat Of the Week is supported by Cinq Music Group, a technology-driven record label, distribution, and rights management company.

WEB3 MUSIC PLATFORM PUBLIC PRESSURE RAISES $6M LED BY BLOCKCHAIN-FOCUSED INVESTOR SCYTALE

Web3 music platform Public Pressure has raised USD $6 million in its new round of funding led by digital asset manager Scytale, which invests in blockchain solutions.

FORMER CNN CEO JEFF ZUCKER FORMS $1BN FUND TO ACQUIRE AND INVEST IN ENTERTAINMENT AND SPORTS PROPERTIES

Former CNN CEO Jeff Zucker has launched a joint venture with private equity firm RedBird Capital Partners and Abu Dhabi-based International Media Investments to acquire and invest in “large scale media, entertainment and sports content properties” on a global scale.

CHARTMETRIC LAUNCHES ‘V2’ OF ITS PLATFORM, INCLUDING NEW TRACK FILTERING CAPABILITIES

Chartmetric has told MBW that the improvements and additions within the recent ‘V2’ update to its platform reflect not only the need for increasingly granular data, but also the ongoing shift in balance of emphasis from artists to tracks. As well as categories such as genre, audience, Spotify streams, YouTube views, TikTok posts, Shazams etc., ‘Tracks List’ results can be filtered by growth metrics (100-1K% 7-day change, for instance) to instantly highlight fast-rising tracks.