The Pinnacle, which opened in late February, fills a mid-sized venue gap in Nashville’s touring landscape.
The company plans to double its investment in its electronic music management division, with CEO and founder Lucas Keller predicting "another large acceleration" for the genre.
"With Concord’s backing, we gain more fuel for the engine and a global team to help us scale," says Stem's CEO.
"The very thing being painted as an existential threat to the industry may be the thing capable of saving it," writes Jen AI co-founder/CEO Shara Senderoff.
The secondary ticketing company had gross sales of $8.7 billion in 2024 and plans to use the IPO proceeds to pay down its $2.33 billion of long-term debt.
The Chinese streaming company gained 11.6% as the 20-company Billboard Global Music Index rose 3.0% to 2,533.53.
Also in Canadian music news this week, the IFPI Global Report touts revenue growth in the market and the Canadian Country Music Association adds a new category.
The personalized playlists, which let users know when their top artists are scheduled to perform nearby, will include links to buy tickets.
The trio of reports revealed continued subscription growth but smaller improvements than in previous years as the major labels increasingly look to small and developing markets.
A judge is refusing to dismiss accusations that Derulo must give credit to a producer for work on the chart-topping song.
