Music Companies & the Next Revenue Boom; U2 Scripted Series at Netflix; Warner Acquires Qanawat Music

As the music industry continues to develop its Web3 strategies, we explore the significant potential for revenue generation.

deadmau5 is one of the investors in a $5m seed round for the startup alongside entrepreneur Mark Cuban and investment firm HOF Capital.

Details of U2’s involvement are being kept under wraps, though sources say the band behind hits including “With or Without You” and “Pride (In the Name of Love)” is expected to be involved and sanction the project.

Qanawat Music operates as a music distributor across the Middle East and North Africa.

The NFT, named Manager Noët All, will become the manager of virtual group.

It was no surprise to see criticism of Spotify yesterday in the wake of its sponsorship deal with FC Barcelona, but this could have a constructive outcome.

Listening to music on the Spotify mobile app is good, but it can be better.

Artists will keep 100 per cent of their royalties and retain their masters on SoundOn, TikTok's new music platform designed to "empower new and undiscovered artists".

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"We plan to post our playlists on Moodagent via the Hurricanes profile page as well as getting up-close-and-personal with players’ favourite tunes”

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