Since its founding in 1998, CD Baby, the music distributor owned by Downtown Music Holdings, has reportedly paid out more than $1 billion to musicians.

Andrew Bergman from, Downtown said: “As business partners since 2014, we appreciated the depth of CD Baby’s organization and its incredibly loyal client base, two key drivers of our acquisition. Unique in the industry, they have long understood that not all creators are the same, each having their own story, ambition and art to share.”

“With CD Baby now leveraging resources across Downtown’s platform, including technology, royalty collection, global licensing operations and capital, we are able to drive equity and innovation to all creators at an accelerated pace.”

Originally published at https://www.globalsoundgroup.com on December 22, 2021.

The purchase of music catalogues is becoming the equivalent of premier league clubs purchasing the world’s best footballers; the money spent is out of this planet!

Furthermore, Sony Music Entertainment has purchased Bruce Springsteen’s music rights for a whopping 550 million dollars! Although we do not know the ins and outs of the deal, insiders revealed the amount, and Sony also stated: “The agreement involves two separate deals — one for Springsteen’s recorded work and another for his songwriting rights, known as music publishing.”

Originally published at https://www.globalsoundgroup.com on December 21, 2021.

With their latest announcement that they will develop ‘Virtual Identities,’ Universal is paving the road forward in the NFT space.

The flagship label will team up with Genies, the avatar tech company, for their project, and they also state they will create NFTs for their artists.

Celine Joshua from Universal said: “UMG continues to lead and unlock what is possible with Web 3.0 and virtual economies. With our Genies partnership, we created an ideal framework and toolkit to empower our artists in the evolving digital universe.”

Originally published at https://www.globalsoundgroup.com on December 10, 2021.

According to recent reports, Ali Lieberman will join Symphonic Distribution as Vice President of Product.

Speaking about the new appointment, Ali said: I’m thrilled to join the team at Symphonic and am very impressed with the high-quality services they offer creators. I can’t wait to build some really cool products with talented people that will further the success of Symphonic and our artists.”

Symphonic Distribution, situated in the United States, is a digital music distributor.

Originally published at https://www.globalsoundgroup.com on December 9, 2021.

The Beatles’ vintage audio interviews will head to auction this week as NFTs. The interviews, which are separate interviews with each member, have not seen the light of day in decades.

Speaking about the revelation, Jonathan Firstenberg said: “The owners of VOCR acquired this remarkable archive from its creator, Kathleen Wittbold, because they understood that there would always be future growth in the value of audio content for all things related to classic rock music. All of the interviews contained with VOCR are unique, and, like any other important and unique object or artwork, they will continue to grow in rarity and value over time.”

Originally published at https://www.globalsoundgroup.com on December 7, 2021.

Global Sound Group

Global Sound Group

Award-winning music company specialising in music promotion, music business, music consultancy and concert bookings.