Detroit techno legend Kevin Saunderson and Russian DJ-producer ARTY are among the fund’s first catalog acquisitions.
The company will use the funds to sign more artists and songwriters while purchasing current music assets in the pop and hip-hop genres.
Also this week: Chrysalis pacts with Secretly Distribution, Beatport partners with a blockchain network for a Web3 marketplace and more.
Corporate investment in AI is on the rise, driven both by hype and the tech’s promise to bolster productivity — and revenues. Corporate investment in AI is on the rise, driven by the tech’s promise by Kyle Wiggers originally published on TechCrunch
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