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Published on Business News Australia, May 2, 2024 by Matt Ogg

"We’re very impressed with the strategic progress and discipline Josh and the team at Vinyl Group have shown over the last year," Wiltshire said yesterday.

Shares in music and media company Vinyl Group (ASX: VNL) reached a four-year high this morning following yesterday's announcement that Aussie-founded US music tech giant Songtradr would be lifting its interest to almost 20 per cent, within a week of WiseTech (ASX: WTC) founder Richard White increasing his stake to 34 per cent.

These votes of confidence come from the conversion of convertible notes by two major backers of Vinyl, formerly listed as Jaxsta - a brand the group still owns with the world's largest database of music credits.

Songtradr and Wisetech Founders Lift Stakes in Vinyl Group