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Liberty Media SPAC Raised $575M With Last Week’s Public Offering

Liberty Media Acquisition Corporation, the special purpose acquisition corporation of Liberty Media Corp. raised $575 million in its Jan. 22 initial offering on the Nasdaq exchange, the company announced Tuesday (Jan. 26). Liberty Media Corp. owns a majority of SiriusXM and about a third of Live Nation. Trading under LMACU, Liberty’s SPAC will “identify, acquire […]

LEGO and UMG Partner to Bring Minifigs to Life in Music Video App

LEGO and Universal Music, the world’s top toy and music companies, have announced their first collaboration since partnering up in April 2020. Unveiled Tuesday (Jan. 26) is a new app and toy experience called LEGO VIDIYO, which combines technology, licensed music and physical toys to encourage kids to create their own music videos in a […]

RCA Ups Sam Selolwane & Keith Rothschild Amid Shifting Promo Strategy

In a bid to shift away from “focusing so heavily on radio alone,” as chairman and CEO Peter Edge told Billboard earlier this month, RCA Records has replaced recently departed co-president Joe Riccitelli, a radio-promotions veteran, with two newly-promoted executives. The label’s new heads of promotion are hip-hop and R&B specialist Sam Selolwane, who has […]

Clubhouse App to Test Direct Payments, Introduce Creator Grant Program

Since launching last March, the invite-only audio-chat app Clubhouse has seen a surge in interest and new users as the pandemic has rendered in-person gatherings unsafe. Less than a year later, its founders are looking to grow the platform beyond its exclusive origins. On Sunday, Clubhouse founders Paul Davison and Rohan Seth announced a new […]