Steven Spielberg’s Amblin Partners sells 50% stake in music library to $200m-backed Multimedia MusicTransaction includes the rights to the soundtracks of numerous movies, including 1917, The BFG, Bridge of Spies
Source

Veteran music exec Caron Veazey joins DICE Board of DirectorsExec managed Pharrell Williams for nearly a decade
Source

Minimal Audio Stream: Cloud-based sample platform Minimal Audio's new cloud-based platform provides access to the samples found in their Sound Packs, and will eventually be expanded to an all-in-one service that includes all of their sounds, instruments and effects.

What’s next: Our future in creativity
Learn more about the technology and philosophy behind Create, our new AI-powered tool that allows users to discover sounds in a profoundly new way.

WMG leads UMG and Sony in music tech startup investmentsAll three major labels and some independents have made significant investments in music tech, but Warmer Music Group is clearly the most aggressive, at least in terms of the number. Continue reading
The post WMG leads UMG and Sony in music tech startup investments appeared first on Hypebot.

SoundCloud adds Meta’s Devi Mahadevia, promotes Tracy Chan, Ama WaltonSoundCloud has hired Devi Mahadevia as its new SVP of Strategy and promoted two senior executives in moves that confirm the company’s increasing focus on creators. Tracy Chan has been. Continue reading
The post SoundCloud adds Meta’s Devi Mahadevia, promotes Tracy Chan, Ama Walton appeared first on Hypebot.

What the new rise of vinyl sales means for artists in 2023Vinyl sales are rising yet again, which means some change is coming for many independent artists and labels… by Andre Calilhanna from the Disc Makers Blog According to the RIAA,. Continue reading
The post What the new rise of vinyl sales means for artists in 2023 appeared first on Hypebot.

Decomposer Releases Sitala 2.0 (Exclusive $5 Discount For BPB Readers)
Decomposer released Sitala 2.0 ($20), an updated version of its drum sampler plugin. It feels like only yesterday I was looking for a suitable drum rack for Reaper and stumbled upon Sitala. The fine folks at Decomposer have already released Sitala 2.0, which is a paid update. That said, it is an inexpensive update overall, [...]
View post: Decomposer Releases Sitala 2.0 (Exclusive $5 Discount For BPB Readers)

Devious Machines Multiband X6 NEW RELEASE - Multiband X6 is an advanced multiband compressor that sets new standards in mixing and mastering. It's also really easy to use. The unique workflow means it can... Read More

Dear House Sound Engineers: We Love You, We Need You, Please Stop.Few people in the live music industry give me as much anxiety as the house sound engineers.

Antares launch Auto-Tune Access 10 The latest version of Antares’ most affordable and beginner-friendly version of Auto-Tune features a redesigned GUI, improved visual feedback and a range of other enhancements.

Multiband X6 plug-in from Devious Machines Multiband X6 aims to make multi-band dynamics processing more approachable and enjoyable, whilst still providing the comprehensive feature set and sound quality demanded by serious audio professionals.

Strange Currencies: Music from Season 2 of The BearWe've assembled some choice musical selections from season 2 of The Bear including R.E.M., Wilco, and very unexpected deep cuts from Tangerine Dream, Brian Wilson, Italian superstar Mina, and the best song from National Lampoon's Vacation.

Despite EV delivery delays, Faraday Future raises $90M to stay afloatFaraday Future has managed to raise $90 million from existing investors to help it get its much-delayed FF 91 luxury electric SUV to production and delivery. Faraday’s investors will also accelerate an existing commitment of $15 million, the EV company said Tuesday.
Faraday is one of a litany of EV SPACs — EV startups that went public via a merger with a special purpose acquisition company — that has struggled to stay afloat. The company keeps burning through cash and putting its hand out for more, while pushing the delivery date of its vehicles. Against that backdrop, Faraday Future has also been investigated by the U.S. Securities and Exchange Commission and the Department of Justice, and suffered through one internal drama after another.
Despite repeated production delays and an inability to deliver vehicles into customers’ hands, Faraday in May announced that its luxury EVs would have ChatGPT capabilities, an attempt to jump on the AI bandwagon and attract attention. And perhaps it worked, because the company, which as of April only had $30 million to its name, now has somehow managed to convince investors to give it millions more.
Per an SEC filing, Faraday’s latest funds will be led by private equity firm ATW Partners with participation from Senyun International.
The company, which said in May that it hopes to raise $100 million in debt to support initial deliveries, will continue to seek additional funding sources. Faraday Future had planned to begin deliveries of its FF 91 Futurist at the end of May but needed to secure “substantial additional financing” first. It’s not clear if those deliveries have begun, and Faraday didn’t reply in time to TechCrunch to comment.
Shares popped 5%, or a whole penny, after the news, but have since dropped back down. Faraday’s stock closed at $0.24 on Tuesday.
Faraday’s funding comes as peer EV SPAC Lordstown Motors files for bankruptcy protection and sues its investor and manufacturing partner Foxconn for failing to make good on its investment commitments.

As Lordstown immolates, SPAC deals that didn’t go to zero feel like the exception

Despite EV delivery delays, Faraday Future raises $90M to stay afloat by Rebecca Bellan originally published on TechCrunch