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New Christmas Songs’ Biggest Hurdle to Becoming Holiday Hits? Old Christmas Songs

Sparks’ holiday branding strategy also includes a three-part seasonal decorating and home improvement video series, Merry & Bright, which is sponsored by Home Depot and will be shown on the video streaming interface built into 22 million VIZIO TVs. Katlyn Wilson, director of branded content sales and strategy at VIZIO, says Sparks “was the perfect host for this,” adding, “She has done Christmas content before. Hopefully, it will be a great way for her to continue to establish herself in the Christmas space.”

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The Deals: Utopia Music Pacts With DP World for $125M Warehouse; Web3 Company anotherblock Raises Over $4M

Songtradr announced a partnership with TikTok around the video-sharing platform’s Commercial Music Library. Under the deal, Songtradr is now a certified “Subscription Sound Partner,” supplying music for the Commercial Music Library, which gives businesses, organizations and creators access to pre-licensed, rights-safe music for organic content and paid advertising.

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Songtradr Completes 7Digital Acquisition

Songtradr has completed its acquisition of U.K. digital music company 7digital, the company announced on Thursday (March 30).

When the deal was first announced on Feb. 8 prior to being finalized, 7digital said it planned to accept a bid worth 19.4 million pounds ($23.4 million), with its shareholders set to receive 0.695 pence ($0.84) per share in cash, a 114% premium over the prior day’s closing price.

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The Deals: Stevie Van Zandt Signs ‘Multimillion-Dollar’ Primary Wave Pact; BandLab Buys Airbit

Songtradr’s announcement highlighted a number of strategic benefits it will receive from the proposed transaction. For starters, 7digital would give Songtradr a platform and music catalog that “will enhance relationships with existing customers and accelerate new customer acquisition” and put the company “in an advantageous position to provide unmatched combined solutions” in the video game space for both licensors and music rights holders.

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Inside Track: Is This the ’Age of the Songwriter’?

Samantha Schilling of Songtradr brought her perspective from working in Brazil and with a mostly Latin American music business. She pointed out the differing standards that separate her business with that of the U.S. and how the two regions might learn from each other. For example, she said, while commonplace in the U.S., some Latin American countries prohibit work for hire agreements for songs written for TV/film. She said this helps songwriters maintain ownership and secure royalties on the backend.

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