Earlier this month Deezer added $185 million at a valuation of more than $1 billion. New investors include a top Middle Eastern music and media company poised to give the streamer a distinct competitive advantage on the region.
In this every two week update from the Synchtank team, we'll review the important placements and major happenings in the wild and wonderful world of music supervision and music sync.
In celebration of its 60th anniversary, Billboard has assembled a list of its all-time greatest hits from over the past six decades. Even factoring in changes in chart methodology and ranking, the chart contains more than a few shocks for anyone even vaguely familiar with the music industry.
Major labels have for some time been excited by the prospect of being able to use the DMCA to get Internet Service Providers to boot users from the internet, and suing them if they failed. The most prominent victim of this strategy has been ISP Cox, who is now the subject of a bombardment of lawsuits from all the major labels, writes Mike Masnick.
Warner Music Group has sold its entire holdings in Spotify stock for $504 million and will begin payments to artists and labels this month, the company announced on an earnings call Tuesday.
[UPDATE 2] Warner Music Group revenue grew 1.9% on a constant currency basis in Q3 2018, according to a financials filed on Tuesday. That growth was driven by the sale of Spotify stock and 14.1% growth in digital revenue.
The New York Times‘ Ben Sisario has published a scathing report on the business culture of Billboard, both before and after the exit of chief John Amato. The expose comes just as the trade is feeling increased pressure from online outlets and a well financed effort to challenge its dominate music charts.
[UPDATED] Since 1940, Billboard has been the gold standard for measuring industry success, whether sales, radio or just bragging rights. BuzzAngle partnering with Penske Media is challenging Billboard's turf by offering analytics more in touch with the streaming world.
Vivendi announced this week that it is no longer spinning off its Universal Music Group with an IPO; but rather that it wants to sell up to 50% of the world's largest music company. But given the price tag and other hurdles who can afford UMG? Who will want to?
While the consumption habits of the streaming era have led many to believe that the traditional album format would soon become a thing of the past, the massive streaming success of Drake's newest ninety minute album tells a different story.
Kanye West is a lot of things - he will even tell you that he contains multitudes - but one surprising thing that he is certainly is a successful financial prognosticator. OK, maybe that's for just the past year.
Pitchfork today debuted a new section dedicated to of hip-hop. “Levels," the first new section to launch on Pitchfork since “The Pitch” debuted in 2013, hopes to be "the essential destination for hip-hop obsessives."
Sony collected a $768 million windfall from the sale of less than half of its 5.7% stake in Spotify (SPOT), according to Q2 results published Tuesday. The sale helped boost what was already a solid quarter for the company.
The long rumored departure of Spotify's Global Head of Creator Services Troy Carter has been confirmed by the music streamer. He will exit in early September, but will continue to advise Spotify, according to multiple sources.
It is no secret that data now drives who gets signed, with record labels chasing stats in search of the next streaming friendly hit. But analyst Mark Mulligan and some label execs are wondering how music can evolve when A&R is a reflection of current trends rather than as a tastemaker; and how an out of the box music can find a place with an increasingly closed loop of statistics.
Canadian musical sensation Drake has been smashing a number of streaming records lately, and a recent look at some of the financial numbers have revealed the artist has thus far pulled down over $100 million from streaming services alone.
The Mission Impossible franchise proved that it still has lots of life left as “Mission: Impossible – Fallout” debuted with $153.5M in worldwide box office revenue, according to estimates compiled by comScore.
A record label is a business, and like any business it needs quality employees. For those interested in working in the music industry from behind the scene, we look at seven easy steps for securing yourself a position at a record label.
After forty-two years in the corporate music world, music industry legend Seymour Stein (notable in part for his discovery of Madonna, The Ramones, and The Talking Heads) is leaving Warner Music Group to return to his roots working in indie music.
R. Kelly has released “I Admit,” which superficially addresses sexual misconduct allegations against him. In the new 19-minute song, released on Soundcloud, Kelly touches on a range of subjects, including the allegations of luring women into a “sex cult” and accusations that he preys on under age women
Apple Music will be the exclusive home for a new official Ed Sheeran documentary. It's a big win that should draw new subscribers to Apple Music, as the battle for exclusive content among streamers clearly shifts from music to video.
Ten albums have been named to the Polaris Music Prize short list for Canadian album of the year. “These 10 titles traverse language and culture and highlight the beauty and richness of Canada’s musical life in 2018,” said Polaris jury foreperson Katherine Duncan.
Yesterday we reported that allegations of sexual misconduct, a pattern of burying similar allegations against others and possible financial improprieties had allegedly forced the exit of Billboard, Spin and Hollywood Reporter CEO John Amato. Now come reports that Amato was paid handsomely to find the door.
MTV's 2018 Video Music Awards will air live from Radio City Music Hall in New York City on Monday, Aug. 20th at 9:00 p.m. ET/PT. Starting today through Aug. 10, fans can vote for their favorite artists across eight categories.
Ousted Billboard, Spin and Hollywood Reporter CEO John Amato was reportedly pushed out earlier this month after an internal investigation uncovered allegations of sexual harassment and efforts to cover up misconduct by others.