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
The post Live Nation, Ticketmaster, SeatGeek to shift to all-in ticket pricing appeared first on Hypebot.

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
The post Music Publishers Hit Twitter with $250 Million Lawsuit appeared first on Hypebot.

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

Reliving the Taylor Swift catalog sale saga (and following the money…)MBW uncovers exclusive facts about the buying and selling of the catalog of the world's biggest megastar
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2B Played Music QFX Cube QFX Cube is exactly what the name suggests. It's a cube of which you decide how big it is and how the sound reflects in it. So it's not a Reverb plugin, and it's not a Delay plugin either.... Read More

2B Played Music QFX Color QFX Color is a quick filter effect that provides your productions with high-quality low-pass and high-pass filters that have the sound color and precision as if they were selected from... Read More

Music publishers sue Twitter for $250m+ alleging ‘rampant infringement of copyrighted music’Publishers claim that "Twitter fuels its business with countless infringing copies of musical compositions".
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