Jem Aswad / Variety:
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019 — It’s a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube …
Jem Aswad / Variety:
YouTube says it paid over $6B to the music industry between July 2021 and June 2022, up $2B YoY, and that user generated content drove more than 30% of payouts — YouTube, the world’s largest streaming platform for music, announced that it has paid more than $6 billion to the music industry …
Jem Aswad / Variety:
US music publishers settle on 15.35% for 2023 to 2027 mechanical streaming rates, avoiding costly legal fights with Amazon, Apple, Google, Pandora, and Spotify — The announcement comes as a surprise, as the NMPA has been saying for months that it would push for a 20% rate for the forthcoming period.
Chris Willman / Variety:
Timbaland and Swizz Beatz settle a missed payments lawsuit with Triller after Triller acquired their music series Verzuz in March 2021; terms were not disclosed — Swizz Beatz and Timbaland have settled their lawsuit with Triller, after suing the service last month for $28 million …
Kyle Wiggers / TechCrunch:
OneSignal, which helps businesses automate SMS, in-app, and email campaigns, raised a $50M Series C led by BAM Elevate, bringing its total funding to $80M — OneSignal, a platform that powers notifications for mobile apps and more, today announced that it raised $50 million in a Series C round led …
Adele Peters / Fast Company:
GiveDirectly and Google.org are using AI mapping and satellite imagery to find low-income hurricane survivors in Puerto Rico and Florida and send cash payments — Storms worsen inequality. These $700 cash payments can help lessen the blow. — After a disaster like Hurricane Ian …
Ofir Dor / Globes Online:
Israel-based Vesttoo, an AI-powered risk transfer marketplace connecting insurers and investors, has raised an $80M Series C at a $1B post-money valuation — The company’s emergence as a unicorn is surprising when taking into account the slowdown in fund raising and that it had a valuation of just $22 million last year.
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