Gaining speed on tokenization is vital for UK’s financial future, banking group warnsUK Finance says it’s not too late for the United Kingdom to make up for other jurisdictions’ faster start to securities tokenization, and it better do it if it wants to remain a global financial leader.

EV truck maker Nikola fails again to secure enough shareholder support to issue more sharesNikola failed for the second time since June to get enough shareholders to vote on a proposal that would allow the EV truck maker to issue more shares in a bid to raise more capital.
The company said Thursday it adjourned its annual meeting of shareholders until August 3 when it will try once more to attract enough shareholders to vote for the measure. The company is required to secure more than 50% of all outstanding shares to vote in favor of the proposal.
Nikola failed to get enough votes at its June 7 meeting and pushed the vote to July 6.
This next time may prove fruitful for Nikola thanks to a change in Delaware law that’s expected to go into effect August 1. Under the change, companies incorporated in Delaware that want to increase the number of shares would only need to receive a simple majority of the votes cast. Amendment to the existing law has been approved by Delaware’s state legislature and is now awaiting Gov. John Carney’s signature.
Nikola said that had the new law been in place, its proposal to issue more shares would have passed.
Nikola is among a group of EV and mobility startups that went public via mergers with special purpose acquisition companies before generating revenue, never mind being profitable. Many of these, notably Nikola, were swept up in the meme stock craze during the pandemic and saw shares — and market cap — jump into the stratosphere. All of these stocks have come crashing back down to earth, leaving EV SPACs like Nikola scrambling for cash.
Nikola has also sought ways to reduce costs. In May, the company laid off 270 employees, or about 23% of its workforce, and announced plans to restrict electric truck efforts to North America. About 150 workers who were supporting the company’s European programs were laid off. Another 120 employees based at the company’s Phoenix and Coolidge, Ariz., sites also lost their jobs. About 900 employees remain.
EV truck maker Nikola fails again to secure enough shareholder support to issue more shares by Kirsten Korosec originally published on TechCrunch

Soundiron Quadral 3 Quadral 3 is a prolific audio powerhouse. Randomize your way to your next favorite electronic score using 16 brand new groups of hand-crafted atmospheric synth pads. Combine quadrants to... Read More

SXSW Announces Applications are openSXSW have sent out a reminder that applications are open for the Music Festival, SXSW Pitch, SXSW Innovation Awards, and now is your chance to enter a phenomenal session idea for the 2024 Conference via SXSW PanelPicker®. 

Learn more below, make note of the deadlines, and mark your calendars. And ICYMI: registration for the 2024 event and Film & TV Festival submissions both open on Tuesday, August 1, so get ready, March will be here before you know it!

PanelPickerENTER YOUR SPEAKING PROPOSAL FOR THE SXSW CONFERENCE THROUGH JULY 23

Music FestivalAPPLY TO PERFORM AT OUR LEGENDARY INDUSTRY SHOWCASE THROUGH OCTOBER 27

SXSW PitchBRING YOUR STARTUP TO SX! ENTRIES ARE OPEN THROUGH NOVEMBER 12

Innovation AwardsHONORING INNOVATION IN THE CONNECTED WORLD. APPLY THROUGH NOVEMBER 12

After Nelly’s reported $50m deal with HarbourView, company buys ‘select’ recorded music and publishing assets from Wiz KhalifaHarbourView Equity Partners announces its second deal with a US hip-hop star this week
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Live Nation expands into meditation music app space with ‘Mindful Nation’The growth of audio streaming has led to an overlap between the music business and the practice of mindfulness and meditation which presents an opportunity that a growing number of businesses are seizing. A few examples: Streaming service Deezer has launched Zen by Deezer, a wellbeing app that features music and sounds, guided Yoga sessions, … Continued
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Antares Audio Technologies Auto-Tune Hybrid For Avid DSP Systems Auto-Tune Hybrid is the ultimate real-time tuning solution for Pro Tools and Avid DSP hardware, including Carbon interfaces and HDX systems. It delivers... Read More

Boss announce ME-90 multi-effects pedal Boss’ new ME-90 multi-effects pedal combines amp modelling and impulse response loading with a range of effects derived from their flagship GT-1000 unit.

9 Reasons Why Every Musician on Instagram should be active on ThreadsEvery musician and creator with almost any sized following on Instagram should sign up and be active on Meta and Instagram’s new Twitter-like social platform Threads. Posts on Threads can. Continue reading
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SoundCloud Artist Discounts top 25 with addition of Adobe, Discord, Rap Plug & SquarespaceSoundCloud has partnered with Squarespace, Adobe, Discord, and Rap Plug to add to the list of 25 benefits and discounts offered to registered SoundCloud artists. “Being an artist today often. Continue reading
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10 types of musicians you DON’T want to beFrom Awkward Moments to Valuable Lessons: How to be a decent person in the music industry. by CRISTINA CANO from CD Baby’s DIY Musician As musicians, sometimes we can all. Continue reading
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Spotify in talks to add full length videos, take on YouTube and TikTokFacing increasing competition from YouTube and TikTok, Spotify is in talks with record labels and music publishers about adding full-length music videos. Spotify already encourages creators to upload a “Canvas’. Continue reading
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Recent Classical Highlights for June 2023Epic listening is what you get with this month's classical reviews, in more than one sense. If only we all had the energy of Garrick Ohlsson (pictured), who, with conductor Donald Runnicles, performed the heroic feat of playing all of Beethoven's piano concertos over the course of one week.

Tascam launch DR-10L Pro field recorder The DR-10L Pro combines a wired lavalier microphone with a 32-bit floating point field recorder, offering a simple and unobtrusive all-in-one dialogue recording solution.

#TikTok launches #AI #Music #Creation #tool.
#MusicIndustry #MusicBusiness #Creators #musicproduction #artists