The music industry saw several major deals and investments this week. Here are the key announcements:

– AI music company GRAI acquired social music platform Hangout, which allows users to create listening rooms and share music with guests. The deal combines Hangout's social insights with GRAI's AI technology to build an AI-powered social streaming service.
– Fever, owner of UK ticketing platform DICE, raised $250 million in primary equity financing led by EQT, with Point72 Private Investments and Baillie Gifford participating. The funds will support geographic expansion and deeper investment in technology for venues, promoters and artists.
– Hedge fund Third Point increased its stake in Live Nation by 144% during the second quarter, raising its holding to approximately 1.14 million shares from 465,000 in the first quarter.
– MNRK Music Group acquired the complete recorded catalogue of Zakk Wylde's band Black Label Society, including 11 studio albums and Wylde's solo recordings. The deal enables MNRK to create reissues and legacy campaigns whilst Wylde remains involved in shaping those projects.
– SoundExchange and UAE music rights management body Music Nation Copyrights Management signed a reciprocal agreement to strengthen cross-border neighbouring rights administration and create new revenue streams.
– AEG Presents and European concert promoter Greenhouse Talent formalised an official partnership.