# AI Music Deals: GRAI Buys Hangout, Fever Raises $250M

> GRAI acquires social music platform Hangout; Fever raises $250M in funding.
- Title: AI Music Deals: GRAI Buys Hangout, Fever Raises $250M
- Summary: GRAI acquires social music platform Hangout; Fever raises $250M in funding. AI music company GRAI acquired Hangout to build an AI-powered social streaming…
- Keywords: grai, hangout, fever, dice, eqt, point72, baillie gifford, ai music, social streaming, live entertainment tech, music industry deals, Music
- Source: Billboard — https://billboard.com/lists/ai-music-company-grai-acquires-hangout-music-industry-deals
- Author: Chris Eggertsen,Ariel King,Taylor Mims
- Published: 2026-09-24T20:22:48+00:00
- Read time: 1 min
- Topics: grai, hangout, fever, dice, eqt, point72, baillie gifford, ai music, social streaming, live entertainment tech, music industry deals
## GRAI Acquires Hangout
AI music company GRAI closed an acquisition of the social music platform Hangout.

> grai closed an acquisition of the social music platform hangout
## Hangout's Social Music Features
Hangout allows users to start listening rooms and play music for guests.

> hangout allows users to start listening rooms and play music for guests
## Hangout Launched in 2024
Hangout launched in november 2024 with over 100 million songs via licensing deals.

> hangout launched in november 2024 with a library of more than 100 million songs
## GRAI's Vision for Social Streaming
GRAI plans to build an ai-powered social streaming service combining hangout's social listening insights with grai's tech and consumer product vision.

> 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
## Hangout Founder's Statement
Hangout founder joseph perla said he built hangout to fix what's broken in online spaces.

> i built hangout to fix what's broken in online spaces
## Fever Raises $250M
Live entertainment tech company fever announced a $250 million primary equity financing round led by eqt.

> fever announced a $250 million primary equity financing round led by eqt
## Key takeaway

AI music company GRAI acquired Hangout to build an AI-powered social streaming service, while live entertainment tech company Fever raised $250 million for expansion.