The next big music biz acquisition will be $500m-valued Tempo, say MBW sources

The next big music biz acquisition will be $500m-valued Tempo, say MBW sources

Three years ago, Music Business Worldwide reported that Tempo Music, a music rights fund established by the private equity firm Providence, was exploring the sale of its catalog valued at approximately $500 million. However, the sale did not proceed as rising interest rates in key markets like the UK and US led to a slowdown in high-profile music acquisitions. Interest revived last year as rates stabilized or dropped, renewing discussions about Tempo. In October, predictions surfaced suggesting a shift in […]

January 20, 2025 6

News

TikTok goes offline for 170m+ US users, as divest-or-ban law takes effect

TikTok has temporarily ceased operations in the U.S., affecting over 170 million users. This shutdown occurred just before a new law was enacted, which mandates the divestiture of TikTok's U.S. operations due to security concerns linked to its Chinese ownership. The Supreme Court confirmed this requirement on January 17. Currently, U.S. users attempting to access TikTok are greeted with a message informing them of the ban and advising them that President Trump intends to collaborate on a resolution to reactivate […]

January 20, 2025 5

Music News

How the Live Music Industry Is Preparing for a TikTok Ban

The live music industry is bracing for potential impacts from a TikTok ban, especially given the platform's significant role in marketing and engagement strategies for concerts and festivals. Industry experts are actively exploring alternatives to maintain their connection with audiences, particularly younger demographics who are prolific users of TikTok. As TikTok has become a crucial marketing tool, its potential ban is prompting the industry to adapt its digital strategies. The use of TikTok for marketing in the live music sector […]

January 14, 2025 6

Hip Hop

Jacquees Performs ‘New Wave’ On The 10th Anniversary of ‘Mood’

Jacquees celebrated the 9th anniversary of his classic mixtape Mood with a performance of the track "New Wave" at Hip-Hop Wired. This mixtape, which includes hits like "Come Thru," "B.E.D.," and "Them Other Girls Interlude," significantly boosted Jacquees's career, blending R&B with street energy. During the event, Jacquees also excited fans by announcing an upcoming Mood 2 mixtape, following his new song release with Dej Loaf, signaling more captivating tracks to come.

January 13, 2025 3

Chart News

Lil Baby’s ‘My Turn’ is the Longest Charting Rap Album of the 2020s

Lil Baby's album "My Turn" has made a significant mark in the music industry by becoming the longest-charting rap album of the 2020s. Released on February 28, 2020, the album not only dominated the charts but also resonated deeply with fans, encapsulating the era with its blend of hard-hitting rap and melodic flows. The album's standout tracks like “Woah,” “Sum 2 Prove,” and “The Bigger Picture” played a major role in defining Lil Baby's career and connecting with his audience. […]

January 13, 2025 4

News

Drake Is Having Trouble Selling His Mansion In California

Drake is experiencing difficulties in selling his mansion in Beverly Hills, California. He initially purchased the sprawling estate from British singer Robbie Williams for $75 million in 2022 and listed it for sale at $88 million. Despite its luxurious amenities, including a 25,000 square-foot main house with multiple bedrooms, a private gym, a screening room, and extensive grounds featuring a tennis court and pool, the mansion has been on the market for an extended period without a buyer. The property's […]

January 13, 2025 4

News

Meek Mill Receives Backlash After Tweeting About LA Wildfire

Meek Mill faced significant backlash after a tweet he posted about the Los Angeles wildfires. In his tweet, he attempted to express empathy by sharing his personal experience with a house fire in his childhood, saying, "Prayers to LA, I never knew about fire trauma until my house caught on fire… I was smelling fire in my sleep jumping up for 3 years… I didn't know that type of trauma existed, so I was just dealing with it as a […]

January 13, 2025 4

News

Nicki Minaj’s Ex-Manager Sues Her For Assault

Nicki Minaj is facing a lawsuit filed by her former tour manager, Brandon Garrett, who alleges that the rapper committed assault, battery, and inflicted emotional distress during an incident backstage at a concert in Detroit on April 21, 2024. According to Garrett, the altercation occurred after a heated exchange in Minaj's dressing room where she reportedly criticized her team's performance. Garrett claims that Minaj struck him on the face and wrist during the confrontation, which escalated after he delegated a […]

January 13, 2025 3

News

Lil Durk’s Murder-For-Hire Trial Postponed Until October

Lil Durk's murder-for-hire trial has been postponed until October 14, 2025, moving from the originally scheduled date of January 7. The delay is attributed to the need for additional time to prepare due to the complex and voluminous evidence involved, which includes about 230 GB of digital evidence and roughly 20,000 pages of reports. This evidence encompasses audio and video recordings, surveillance footage, witness statements, and medical records. The case centers on allegations that Durk, whose legal name is Durk […]

January 13, 2025 3

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