Music industry bigwigs weren’t able to prevent the, at-best, "muddy" Spotify practice, so they are joining the crowd instead.
For its part, Sony Music Group has established a $100 million social justice fund and Universal Music Group is allocating $25 million to its new "Task Force for Meaningful Change."
The company just launched a new Walkman MP3 player that is particularly targeted towards all the audiophiles out there.
Sony Music Entertainment is forming a joint venture with two experienced podcast producers, Adam Davidson and Laura Mayer, in an attempt to help creators grow their brands and share their work with global audiences.
Snowcrash, yet another NFT trading platform has launched, this time in partnership with music industry giants Sony Music Entertainment and Universal Music Group who represent some of the biggest names in music like Bob Dylan and Miles Davis.