In The Know: SoStereo's Weekly Music News Summary September 7, 2018

SoStereo's weekly music news summary with Apple & Shazam's deal set and another big acquisition in the works.
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Sprint’s Unlimited Plan Now Comes With Amazon Prime:

Sprint has added to its $90 Unlimited Premium phone plan. It already came with Hulu (with commercials) and Tidal Premium, but will include Amazon Prime, which costs $119 per year. There is one small issue with this. Sprint is entitled to do what it thinks is best for its own business, however it is also cannibalizing another one of its large investments. It is a 33% owner of Tidal, so if a user has the option to use Amazon Prime and Tidal, they may not choose Tidal each time.

Read more here.

Apple Takeover Of Shazam Approved by EU Regulators:

EU regulators have approved Apple’s takeover of Shazam. The deal was for a reported price of $400 million. The deal was held up by European Union in April over worries of competition in the streaming market, but they felt things were ok.

Read more here.

James Grant Group Reportedly Being Bought By Trilantic Capital Partners:

According to Music Business Worldwide, growing UK management group James Grant Group is being bought by private equity company Trilantic Capital Partners for a price between $140 and $160 million. The deal has not been signed yet, but has been reportedly agreed to in principle. Yesterday, JGG acquired Machine Management, which has artists like Years & Years and Clean Bandit. It also bought Deckstar in 2017, which has artists such as Blink-182, Steve Aoki, RAC, Morrisey, Classixx, Rancid and a whole host of other acts. It has been aggressively expanding over the past several years and the acquisition would be part of a push to continue that. JGG also works in TV, business management and sports as well.

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See past In The Know's here.

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