Gainesville's Audiodrome Record Pressing is entirely solar powered, and features a host of other sustainability-minded production processes.
The board of directors of the music royalty fund say they would switch their support from Concord's bid to the private equity giant's offer if Blackstone makes it official.
The private equity firm offered $1.24 per share, versus Concord's $1.14 per share offer issued on Thursday (April 18).
The Billboard Global Music Index dropped 4.5% this week, the largest one-week decline since Nov. 2022.
Also this week: Big changes at Big Loud, SiriusXM's content chief is sticking around and Sony makes moves in the United Kingdom and France.
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.
