Creditors gave iHeartMedia a bit more time to work out an orderly bankruptcy plan. America's largest broadcast radio owner has until 11:59 PM Wednesday to agree with creditors on a reorganization plan, according to documents filed Monday.
Stats released by UK label association BPI, based on Official Charts Company data, showed a strong year for recorded music, with consumption across all formats in 2017, growing at its fastest rate in decades.
There are no stats as to how many of Spotify's 159 million active users are accessing the music streamer with a hacked app or account. But judging from forum comments, its not a small problem. As it prepares for its first public stock offering, Spotify is moving aggressively to curb these unauthorized users.
Spotify Television is a web app that turns Spotify playlists into a stream of YouTube videos. In our test, the app worked well and felt like watching a personalized version of MTV from back in they day when the channel still played videos.
There has been a good deal of speculation lately that Spotify is considering launching a series of Spotify branded streaming hardware. As with any such new business venture, there are several pros and cons to this new direction which we explore here.
Spotify filed for its first public stock offering yesterday, and with it came a mixed bag of stats from the music streamer. Analyst Mark Mulligan turns his critical eye to the numbers shared and the accompanying narrative, which was clearly designed to attract investors.
Recent changes in Facebook's algorithm have sent musicians and music marketers scrambling for new ways to grab the attention of the social network's massive audience. The jury is still out on most tactics, but one thing is certain: Facebook ranks and delvers more eyeballs to live video.
Gaana has raised $115 million, as the music streamer's home market of India continues to attract new competitors. Leading the round is Chinese internet giant Tencent, who has become a steady supporter of streaming music globally.
While Facebook hasn't entered into the streaming game yet, it does seem to be leaning that way, having recently dipped a second toe in after signing a deal with ICE Services, a licensing group representing several European performing rights organizations.
As rumored, Amazon has rolled out its Prime Music service in India, with apps available for web, Android and iOS. The streaming service is now included in all Rs. 999/$15 USD annual Amazon Prime memberships which includes shipping, video and other perks.. Local competitors including Saavn, Gaana, Apple Music and Google Play Music charge between Rs. 1,200 ($15) and Rs. 1,440 ($22) yearly, just for music
In taking a closer look at the language used in the controversial Music Modernization Act, Chris Castle here speculates that the bill may contain some of the same content as an orphan works bill that went down in flames.
Here notable artists Mary Wilson and Darlene Love make a powerful case in favor of shutting the massive loophole which currently allows digital music services to artists and rights owners attached to music recorded before 1972.
One U.S. Senator's vote is all that is need to help stop the repeal of net neutrality. Today, Tuesday, February 27th, please join us and other net neutrality supporters and major web platforms in Operation: #OneMoreVote, a mass day of online and offline action.
While there has long been a crusade from the powers that be to de-fang small publishers and independent songwriters as much as possible to prevent them from suing major companies like Spotify, the streaming platform's new public status could shareholders a legal leg-up.
The Music Modernization Act currently before Congress has the support of almost every major music trade organization. But that does not mean iti s not without problems, as Phil Galdston and David Wolfert of the 3300 member songwriters group Music Answers point out in the op-ed.
Pandora stock lost Wednesday's gains and then some on Thursday. Pandora stock had risen as much as 7% in after hours trading Wednesday, after the streamer offered a mixed quarterly report but beat Wall Street expectations with revenue of $395 million, above analyst predictions of $376 million.
As part of its quarterly report to investors yesterday, Pandora, shared a stat that no other music streamer has ever dared to share: the number of new paid subscribers not including current free trials. Competitors Spotify and Apple Music have a history of discounts and special promotions prior to announcing their user stats.
Whether it's Spotify plays or social media traffic, being able to look at a tangible metric and see that listeners are consuming and enjoying your music is exciting for any band or artist, unfortunately this feedback doesn't always translate to success. Here we look at why.
Pandora stock rose as much as 7% in after hours trading Wednesday, after the streamer beat Wall Street expectations in a key metric. Overall revenue grew $395 million, beating analyst predictions of $376 million. On Thursday, pre-market trading priced the stock up a 5.34%
Besides getting the industry back on its feet as a whole, playlist have been a huge asset in bringing unknown groups and artists out of obscurity. While this all seems like a good thing, playlist culture has it's own potential downsides.
While methods of music discovery vary drastically from person to person, we here look at few avenues which avid music consumers commonly turn to in their search for fresh tunes, depending on the demographic in question.
Pandora listener hours continued their slow decline to 5.03 billion for the fourth quarter of 2017, compared to 5.15 billion hours last quarter and 5.38 billion for the same quarter last year. Paid subscriptions to Pandora Plus and Premium grew to 5.48 million in Q4, up 25% year-over-year, but just 5.6% for the last quarter. Ad revenue was up 7% last year.
Onstage last week at the Recode's Code Media, producer and songwriter Oak Felder demonstrated how the Demi Lovato hit "Sorry Not Sorry" went from an idea to a viral sensation. The hit producer recreated the technical process beginning with a blank canvas in music production app Logic Pro X.
The music industry is generally regarded to be in much better shape than it was even a year ago, and Universal Music showing further evidence to suggest a business on the mend with a reported income stream of close to $18 million daily in 2017, an 11% increase from the previous year.
Facebook has taken another major step forward in its push to legally licence and compensate the creators of music used on its platforms, announcing a deal with ICE, the European licensing group and database for 31 million works from PRS in the UK, STIM in Sweden, GEMA in Germany and others.