The transaction does not include Estrella's radio and TV stations.
The opening of the studios in Shreveport will aide in "fostering talent, creating opportunities, and building a community that thrives through creativity and innovation."
Also this week: Universal Music Greater China's distribution deal with Chinese label TF Entertainment, ASM Global's new reusable cup partner and more.
"We believe this is the most efficient route for Triller to access public capital markets and secure the liquidity needed for rapid growth," says CEO Bobby Sarnevesht.
The legislation creates the structure of a fund that would also provide grants to promoters and performers.
The deal includes a stake in the publishing and master rights to evergreens like "Breaking Up Is Hard To Do," "Love Will Keep Us Together" and more.
The music investment platform will use SoundExchange to give artists a cut of its revenue based on page view traffic.
With NAVER Pay, the music title "will be able to provide a variety of innovative services unique to Billboard in the Korean music market.”
Also this week: Elvie Shane, Stonebwoy, Ayushmann Khurrana, yaeow, Bossa and more.
Music by RAYE, Kylie Minogue, The Prodigy and more helped the indie market realize its sixth straight year of growth — though that milestone comes with a caveat.
