Music industry

Moment House Closes $12M Series A Funding Round; UMG partners with Tomorrowland

House of the moment, the live media platform founded in 2019 by Arjun Mehta, Nigel Egrari and Shray Bansal, has closed a $12 million Series A funding round led by Forerunner Ventures. According to an announcement, Moment House processed 1 million tickets in 168 countries hosting appearances and performances from Tame Impala, KSI, Halsey, St. Vincent, Kygo, Kaytranada, the Tiny Meat Gang podcast, Brockhampton as well as “Wine” podcasts. & Crime”. and “My brother, my brother and me”. Events hosted digitally by Moment House also include Justin Bieber’s New Year’s Eve livestream and the virtual version of Clive Davis’ pre-Grammy gala earlier this year.

Investors participating in the round included UTA Ventures, IDEO, Halsey, Whitney Cummings, Kaytranada and manager William Robillard-Cole, Dumb Money Capital (Cameo founder Devon Townsend and Cody Ko), Noel Miller, actor/singer Tom Felton, Parcast Spotify founder and executive Max Cutler, former YouTube executive Shishir Mehrotra, Clubhouse’s Aarthi Ramamurthy, Adobe’s Scott Belsky, Discord’s Anjney Midha, Defy Ventures, Work Life Ventures and media entrepreneur Richard Rosenblatt.

More Variety

They join early investors Troy Carter, Scooter Braun, Steve Stoute and UnitedMasters, Palm Tree Crew Investments (Kygo and manager Myles Shear), Post Malone co-manager Austin Rosen, Logic manager Chris Zarou, Jared Leto, as well as tech industry leaders such as Matthew Ball, David Krane, CEO of Google Ventures, Kevin Mayer, former CEO of TikTok, Jess Lee, partner at Sequoia, Aaron Levie, CEO of Box, and Jack Conte, CEO of Patreon.

The platform was started by Jimmy Iovine and Andre “Dr. Dre” Young Academy for Innovation at USC.

+ tomorrowland (pictured) partnered with Universal Music Germany to release future content and artists through a newly created label. Virgin Records Germany through Virgin Music Label & Artist Services will provide Tomorrowland with access to global distribution through Universal Music Group as well as resources and personnel.

One of the biggest music festivals in the world, Tomorrowland has been held annually in Boom, Belgium since 2005 (but was canceled due to the pandemic in 2020 and 2021), attracting over 400,000 people from 200 countries to the two-weekend extravaganza, which sells out in minutes each year. Additionally, Tomorrowland has expanded into a winter edition in the French Alps, its own fashion brand (TML by Tomorrowland) and radio station One World Radio.

The partnership will be led in Berlin by Alexander Neipp, Daniel Schmidt and Magnus Textor (Virgin Records) and Tina Adams (Virgin Music Label & Artist Services). The first release under the new label will be the song “You Got The Love” by Never Sleeps, a new project by Afrojack ft. Chico Rose, which will be released on August 27.

+ tank media entered into an agreement with the group Alabama of interest for its catalog of recorded music rights. Among country music’s best-selling and most award-winning artists, the group set — and still hold — a record streak of 21 consecutive No. 1s.

Tuesday August 24

+ Kristen Burk was appointed president of Warner Music Canadasucceeding Steve Kane who has been with Warner Music Group since 2004. Burke joins from Universal Music Canada, where she spent 20 years and was named executive vice president and general manager in 2018. She begins Oct. 18 and will be based in Toronto, reporting to Simon Robson, President, International, Recorded Music for WMG.

Warner Canada welcomes artists such as Billy Talent, Brett Kissel, Charmaine, Just John and Scott Helman.

“I am honored to have been asked to lead Warner Music Canada,” said Burke. “As a country, we’ve always been a hotbed of talent finding a global stage and I want to make sure we tap into Canada’s diverse music scenes to help develop the next generation of talent. Steve has built an incredible team here and I know we will make him proud as we write the next chapter in Warner Music Canada’s history.

. – Credit: Warner Music Canada” width=”1000″ height=”562″ srcset=” 1000w, https://variety .com/wp-content/uploads/2021/08/Kristen-Burke.jpg?resize=150.84 150w, resize=300.169 300w, 125w, 2021/08/Kristen-Burke.jpg?resize=681,383681w,,253450w, https://variety. com/wp-content/uploads/2021/08/Kristen-Burke.jpg?resize=250,140 250w” sizes=”(min-width: 87.5rem) 1000px, (min-width: 78.75rem) 681px, (min-width :48rem) 450px, (max width: 48rem) 250px” />Warner Music Canada

Robson added, “We are so excited to have Kristen join us to lead Warner Music Canada. It’s such a key territory considering the incredible talent that has come out of Canada over the years. Kristen has a great reputation in the industry, combining great strategic insight with an instinctive empathy for artists. …And, of course, I want to pay huge tribute to Steve for nearly two decades of service. He is a hugely respected figure in the Canadian music industry and a much-loved colleague, having signed and worked with some of Canada’s most compelling artists over the years. We wish him the best for the future. »

Burke sits on the board of the Canadian Country Music Association and The Remix Project, which provides programs and services to young people from marginalized and underserved communities trying to enter the creative industries or further their education. formal.

+ Elsewhere at WMG, Warner Chappell Music signed a global publishing deal with a Scottish band Nuts. The indie rockers are signed to Warner Music’s Parlophone Records and their debut album, ‘WL’, topped the UK and Scottish charts earlier this year. In 2019, The Snuts released their debut single, “All Your Friends”, which was produced by in-demand hitmakers Inflo. The song was included on the “Mixtape EP”, which featured band-created soundscapes used as interludes between songs.

+ Kobalt signed an Australian electronic music duo Midnight of Cosmo to a worldwide publishing agreement covering creation, synchronization and administration services for their catalog and future works. Consisting of twin brothers Cosmo and Patrick Liney, Cosmo’s Midnight has worked with artists including Tove Styrke and co-wrote and produced BTS’ 2020 song, “Fly To My Room.” The duo is managed by Astral People.

+ Sony Music Publishing UK signed British singer-songwriter Mimi Webb to an overall agreement covering both the catalog and future works. Webb’s debut single, “Before I Go,” is a TikTok hit that has garnered over 85 million views.

The best of variety

Subscribe to the Variety newsletter. For the latest news, follow us on Facebook, Twitter and Instagram.