The deal values 7digital at a 114% premium over the prior day's closing price.
Also this week: Spotify signs an international licensing deal with Rotana Music, Premier Music Group closes a financing round and more.
More digital consumption — from a multitude of sources — and improving margins are positive news for catalog valuations.
Also this week: TikTok signs a licensing deal with Rotana Music Group, WMG partners with digital fashion retailer DRESSX and more.
The purchase of the royalty processing firm is the latest development in the company's efforts to become a service-focused operation.
The purchase includes Lillywhite's share of royalties from albums by U2, Dave Matthews Band, The Rolling Stones and more.
The music investment firm shows global ambitions by acquiring the catalog through a new U.S. subsidiary.
Liberty Media CEO Greg Maffei said his company looked at around 140 companies in all as potential media or entertainment acquisitions, but saw no target worth pursuing.
Report of Spotify eyeing Middle East-based streaming company Anghami is a sign of big investor interest in the regions.
The purchase, estimated at $325 million, includes royalty streams for songs by artists like Tech N9ne, George Jones and Trey Songz, among others.
