Medialab Buy Genius

According to current sources, Medialab, the Los Angeles-based corporation, has purchased Genius, the lyrics database, for $80 million. Genius started life in 2009, and since then, more than two million contributors have contributed material to the platform. Tom Lehman, the co-founder of Genius, said: “MediaLab’s commitment to investing in artistsContinue Reading

Sony Music Germany

Sony Music Germany has announced a new stake in Tiger Media International GmbH. It will enable Sony to expand in the domains of children’s entertainment, and the new investment will aid their long-term strategic plans. Sony Music Germany’s Patrick Mushatsi-Kareba said: “Together, we are developing a direct-to-consumer business channel whichContinue Reading