Entertainment
The Deals: GRAI Acquires Social Music Platform Hangout; DICE Owner Fever Raises $250M
Also this week: Dan Loeb's Third Point increases its stake in Live Nation, MNRK acquires the Black Label Society catalog and more.
Summary
Also this week: Dan Loeb's Third Point increases its stake in Live Nation, MNRK acquires the Black Label Society catalog and more. AI music company GRAI closed an acquisition of the social music platform Hangout , which was developed by the creators of Turntable.fm. With the deal, GRAI plans to build an AI-powered social streaming service combining “Hangout’s deep insights into social listening behavior with GRAI’s tech and consumer product vision.”
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