Live Nation has submitted a proposal to the Trump administration seeking changes to the secondary ticket market, including a 20% cap on resale prices, more artist control over resales, and stronger enforcement of the BOTS Act. The proposal was sent to the DOJ and FTC on the final day of public comments.
Mantis Ventures, co-founded by music duo The Chainsmokers, has raised $100 million for its third fund—a 25% increase from its previous $80 million—bringing total assets to $225 million. The venture capital firm, founded in 2019, invests in Seed & Series A technology-enabled startups, according to its website.
TikTok users in the Middle East and North Africa can now save songs directly to Anghami via the ‘Add to Music App’ feature. The tool, which launched globally in 2024, has enabled over 1 billion track saves and billions of streams. Anghami joins other platforms like SoundCloud, Amazon Music, Apple Music, Spotify, Deezer, Melon, and TIDAL in supporting the feature, now rolling out across the MENA region.
EXTRA NEWS
The European Commission is planning to open a “full-scale” investigation into Universal Music Group‘s proposed acquisition of Downtown Music Holdings.
Satellite and streaming audio service SiriusXM is rolling out a new, lower-priced ad-supported tier, in an apparent effort to compete with services like Spotify and grow its advertising platform.
Sony Music Central America and the Caribbean (CAC) has struck up a strategic alliance with Alofoke Music, the label founded by prominent Dominican Republic-based media personality Santiago “Alofoke” Matías. Under the agreement, Sony Music CAC says it will serve as the exclusive distributor of all forthcoming releases from Alofoke Music.
Music rights company Concord is preparing to issue $1.75 billion in bonds backed by more than one million music copyrights. The bond issuance is backed by the master recordings and compositions from artists such as Creed, R.E.M. and Phil Collins, American Banker reported, citing data from Kroll Bond Ratings Agency (KBRA).
EMPIRE is expanding into the Nordic region as it marks 15 years in music. Iman Hazheer will lead as Territory Manager, overseeing strategy, artist relations, and market growth across Sweden, Denmark, Norway, Finland, and Iceland.
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