Gregory Brunot News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Former Geffen Records president Neil Jacobson, who founded songwriter/producer management firm Hallwood Media in 2019, has formed a new special purpose acquisition company (SPAC) called The Music Acquisition Corporation. SPACs are shell companies that raise money in an initial public offering (IPO), then merge with a privately-held target company, making that target publicly-traded as a result. According to an SPAC S-1 prospectus, Jacobson's new company plans to raise $200 million through an imminent IPO on the New York Stock Exchange, and will use the funds to invest in companies at the cr...

Ella Fitzgerald Elsewhere, Hipgnosis acquired 100% of Bob Rock’s producer rights for Metallica’s biggest album and Ingrooves has picked up a music distributor in South Africa. Downtown Neighbouring Rights, which was established last June, has struck a deal to represent the estate of Ella Fitzgerald for performance royalty collections outside the U.S. The deal covers Fitzgerald’s entire repertoire, including classics such as “Dream a Little Dream of Me”, “Cheek to Cheek“, “Into Each Life Some Rain Must Fall” and “It Don’t Mean a Thing (If It Ain’t Got That Swing).” On...