Music Business Worldwide News

1. African music service uduX launches PopRev, an investment platform that lets fans buy shares in artists’ music

   Platform to launch in partnership with Nigeria-based FinTech firm PiggyVest

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2. Warner Music Asia launches Pan-Asian dance label, Whet Records

   First signing is producer and DJ Lizzy Wang

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3. Reservoir to list on the NASDAQ via SPAC merger with $788m valuation

   Reservoir has spent $400m on catalog acquisitions to date – and says it's going to keep on buying

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4. Triller has a new CEO… having just acquired 3 companies in 5 weeks

   Amplify.ai co-founder and CEO Mahi de Silva named CEO of TrillerNet, as Mike Lu transitions to role of President

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5. TikTok users watch the app for an average of 89 minutes per day – and there’s 732m of them worldwide

   Leaked pitch deck reveals a slew of the Bytedance app's key numbers in 2021

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6. Sherri Sosa joins Live Nation to oversee portfolio of 100+ venues in the US

   Exec hired as President of Venue Nation

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7. Sony pumps another $200m into Fortnite maker Epic Games as part of $1bn funding round

   MBW estimates that Sony now owns between 2% and 2.5% in Epic Games

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8. After selling stake to Live Nation, Veeps equips 60+ US venues with livestream technology

   Venues to get new tech include The Fillmore in San Francisco and Philadelphia, House of Blues in Chicago and New Orleans, The Wiltern in Los Angeles

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9. Cooking Vinyl launches catalog division with ‘aggressive acquisition policy’, headed by Steve Bunyan

   New department will be headed up by catalog industry veteran Steve Bunyan

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10. Spotify is officially a hardware maker now, as Car Thing arrives in the US

    Music streaming company's voice controlled smart device gets limited US release

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