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The Deals: Cutting Edge Secures $500M for Music Rights; TikTok Partners With AXS for Concert Tickets
TikTok's tickets partnership, Cutting Edge gets $500M and more music deals involving Universal Music Group, ASM Global, Audacy Sony Music and others.
“During that time, the structural trends driving our industries have accelerated exponentially, delivering a proliferation of digital platforms and content, matched by an increase in demand for media music usage. Before the acquisition, Sony made a strategic investment in Neon Hum in 2019, with the two jointly launching podcasts including Dinners on Me with Jesse Tyler Ferguson, Smoke Screen and My Fugitive Dad. Linear Labs focuses on “new progressive music” and has worked with artists including Ghostface Killah, The Delfonics and Angela Muñoz while releasing scores and soundtracks for CBS, Hulu and Netflix.
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