Fed, SEC investigate Goldman Sachs over Silicon Valley Bank's securities portfolio: ReportBoth regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank.

Touring industry responds Live Nation’s ‘all-in’ ticketing pledgeThe touring industry reacted cautiously to Thursday’s White House announcement that Live Nation, Ticketmaster, and SeatGeek will at least partially adopt an “all-in” model that displays the full cost of. Continue reading
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Return of the SPAC? Entertainment and sports-focused ESH Acquisition Corp prices $100m IPOBlank check company may pursue "record labels, music and television streaming services, production companies and publishing houses."
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NAMM Foundation Opens Three Scholarship Opportunities for Career GrowthThe NAMM Foundation has announced that three award programs are now open for application. These programs offer support to attend The NAMM Show for college students exploring careers in music, college faculty creating innovative music business curricula, and mid-career music business professionals striving for career advancement. Information about applying is available at nammfoundation.org. “These NAMM Foundation award programs invest in the future,” said Mary Luehrsen, executive director of The NAMM Foundation. “They support a life-changing experience — attendance and participation at The NAMM Show — and an introduction to a network of music professionals and innovators who are sure to inspire a lifetime career in music.”

 The Lamond GenNext Award, formerly the President’s Innovation Award, recognizes college and university students who demonstrate excellence in the field of music. The award was renamed this past April in honor of NAMM’s former president and CEO Joe Lamond, who served from 2001–2023. Recipients of the Lamond GenNext Award will receive a travel stipend to attend The 2024 NAMM Show, along with the opportunity to participate in an invitation-only reception, professional development sessions, networking and access to the NAMM exhibit floor. Eligible students can apply to be considered by carefully reviewing these guidelines. Submissions are now open, and the application period will close Sept. 30. Selected applicants will be notified Nov. 1. “The NAMM Show is really important because it allowed me to see all of the different roles and positions that are not talked about enough,” said Angelica Palmore, the 2023 President’s Innovation Award winner and a music technology student at Millersville University. “It helped me to meet many professionals that have given a lot of great advice on how to go about working in the industry.” The Bernice Ash Memorial Award was established in 2021 to honor the remarkable life and legacy of Sam Ash Music’s Bernice Ash and recognize emerging leaders in the music products, sound and entertainment technology industries. The award offers a grant for continued college-level or trade-related studies, a travel stipend to attend The NAMM Show and a one-year mentorship through the NAMM Young Professionals group. Submissions for the Bernice Ash Memorial Award are now open, and the application period will close Oct. 1. Selected applicants will be notified Nov. 1. “Bernice’s story of how she fiercely pursued what she believed in was incredibly inspiring,” said Leanne Chu, Gator’s director of supplier operations and the 2023 Bernice Ash Memorial Award recipient. “To be the recipient of an award that honors her legacy of courage will always remain a source of motivation for me to keep learning and reaching new heights.” The NAMM Foundation-College Music Society Fellows Award supports college, university and community college faculty committed to developing curricula in music business, business leadership and innovation in the fields of music, pro audio and entertainment technology. The program seeks representation from each region of The College Music Society (CMS), including its international members, and preference is given to applicants from institutions that service traditionally underrepresented student populations. Submissions for the award are now open, and the application period will close Oct. 10. Selected applicants will be notified Nov. 1. “The NAMM Foundation-College Music Society Fellows program was built to break down the distance between the higher-education music industry and the fields of music employment,” said Mark Rabideau, president of The College Music Society. “Each year, I’ve witnessed the transformational change music faculty undergo as they are introduced to a vastly bigger world of music, music-makers and music industry professionals during The NAMM Show.” These NAMM Foundation scholarships are made possible through the generosity of NAMM members and donors.

To learn more about the work of The NAMM Foundation, visit nammfoundation.org.

TikTok plans to invest ‘billions of dollars’ in Southeast AsiaCompany's CEO was speaking at a forum organized by TikTok in Singapore
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Live Nation, Ticketmaster, SeatGeek to shift to all-in ticket pricing[UPDATED] President Biden hosted executives from Live Nation and other companies at the White House on Thursday afternoon to highlight progress on his State Of The Union pledge to end. Continue reading
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Spotify tests AI playlist cover art toolSpotify is testing a tool that uses AI to enable users to create custom artwork for playlists on the streaming platform. Spotify’s new tool, AI Playlist Art, analyzes a playlist. Continue reading
The post Spotify tests AI playlist cover art tool appeared first on Hypebot.

Novation introduce FLkey 49 & 61 Novation have added 49- and 61-key models to their FLkey range, providing users of FL Studio with seamless, hands-on control over their DAW.

Vicious Antelope 4th Lead - Mercury-4 4th Lead soundbank contains 50 retro sounding mono synth presets for Cherry Audio Mercury-4 synthesizer. The presets are inspired by late 70s and early 80s synth sounds and fit for vintage... Read More

The Solos Dark Mass Sounds From Another Universe. This Retrologue expansion is filled with dark, ominous sounds for your film, trailer and electronic scores. Dark Mass contains deep subs, decomposed... Read More

Plugin Alliance join Native Instruments After having joined forces as a part of the Soundwide group in 2023, Plugin Alliance, Brainworx and iZotope are now all officially a part of Native Instruments.

Emergence Audio unveil Double Bass Textures The latest sample library from Emergence Audio promises to push the limits of traditional sound design by pairing a collection of double bass samples with a set of synth-style programming options.

Music Publishers Hit Twitter with $250 Million LawsuitThe National Music Publishers Association representing 17 major and independent music publishers, has filed a major federal copyright infringement lawsuit against Twitter for failure to license and pay for music. Continue reading
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DeFi options platform uses social logins, margin trading to draw in liquidityDevelopers claim Synquote handled one single trade of over $1 million of notional volume with no detectable slippage in its beta period.

TrueCar lays off 102 employees, taps new CEO amid restructureTrueCar, a platform where people can research new and used car prices and find local dealer savings, is laying off 24% of staff due to a restructure, the company said Wednesday. About 102 people will be impacted by the layoff.
President and CEO Michael Darrow is stepping aside both from his executive roles — to be replaced by Jantoon Reigersman — and his position on the board. Reigersman previously served as TrueCar’s chief operating officer and chief financial officer.
TrueCar’s stock jumped nearly 13% in after-hours trading on the news.
“The restructuring announced today better aligns our cost structure with our revenue base and is designed to make TrueCar a nimbler, more efficient company,” said Barbara Carbone, incoming chair of the board, in a statement. “We made this difficult decision after an extensive review and believe that it is necessary to enable TrueCar to achieve its strategic priorities and create long-term shareholder value.”
TrueCar says the restructure should result in nonrecurring cash payments of about $7 million, which will show up in the second and third quarters of 2023, and an annualized reduction in expensive exclusive of stock-based compensation of over $20 million.
As of May 31, 2023, TrueCar had cash and cash equivalents of $146.5 million. The company expects that number to drop below $125 million in the near term, but says it continues to anticipate break-even or positive adjusted EBITDA and double digit year-over-year revenue growth in the fourth quarter of 2023.
TrueCar’s first-quarter earnings also show a dip in revenue and increase in cost. The company closed Q1 with nearly $37 million, down from $43.5 million in the same period last year. Net loss hit $19.5 million, up from $12.4 in Q1 2022.
TrueCar was founded in 2005 with a goal of revolutionizing the car-buying process by making it more transparent and efficient. The company officially launched at TechCrunch50 back in 2008, a now-ended pitch competition during which judges found TrueCar’s commitment to providing users with the actual price paid for specific vehicles in a given area compelling. TrueCar ran up against challenges in 2012 as dealerships were threatened by the company’s model, even facing legal issues in states like California due to allegations of operating as a dealer without a license.
The company continued to expand regardless, acquiring new businesses along the way, and went public in 2014 under the ticker TRUE.
TrueCar was also sued by the California New Car Dealers Association in 2015 for allegedly violating California law with its billing model. TrueCar settled in 2017 and agreed to modify its billing model in the state.

Carvana crashes back down to earth

TrueCar lays off 102 employees, taps new CEO amid restructure by Rebecca Bellan originally published on TechCrunch