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The Deals: WMG Inks Expanded Licensing Pact With Audiomack, Exceleration Acquires Jazz Label Group
Warner Music signed a new licensing pact with Audiomack and more music deals, including Exceleration Music's acquisition of Mack Avenue Music Group.
Warner Music Group signed an expanded licensing agreement with Audiomack that covers 47 new countries including the U.K., France, Italy, Germany, the Caribbean, Mexico, Uganda and Zimbabwe. Triller Group scored a $50 million equity funding round from institutional investors, secured through a private placement consisting of common stocks and warrants, with the company’s shares priced at $2.20. In Indonesia, FUGA partnered with Jakarta-based label Maspam Company, whose roster includes Pamungkas and Prince Husein; and label/distributor Sintesa Pro, home to Batas Senja.
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