[UPDATE 2] Pandora stock fell 11.5% Thursday, ending the day at $12.63 per share. The tumble began on news that the music streamer was borrowing an unexpected $300 million. In the last few weeks, Pandora purchased indie ticketing firm Ticketfly for $450 million and then paid $75 million for the assets of bankrupt music streamer Rdio.
2015 was a year of seismic change in digital music. Adele aside, the recorded music industry reached its digital tipping point with income from downloads and streaming surpassing psychical sales at most labels.
Pandora has acquired the assets of music streamer Rdio for $75 million and will use them to add to its paid offerings. Does the deal make sense and should it worry Spotify, Apple Music and others. Music industry consultant Cortney Harding says yes to both and explains why.
Last week, SF Music Tech, the gathering of the music tech tribe, held its latest session. As usual, attendees looked forward rather than complaining about the past and present. Playlists and blockchain joined the conversations about funding, revenue models and discovery. Here are a few takeaways shared via Twitter.
THE PITCH today comes from Mixvisor, The startup is creating intelligent emdebable music players that pull information from any web page and music from Apple Music and Spotify. It sounds like a replacement for the just defunct Bop.fm., but it's more than that. As with other promising music tech startups we've given Mixvisor 100 words to pitch their product.
[UPDATED] SF Music Tech has named its 2015 Startup Innovators Challenge winners. Each will be showcasing when SF Music Tech convenes on November 10th. BTW, if you have not registered, do it right now. Prices go up tonight and you can save by using this link to register. The winners:
Another innovative music startup is going offline. Bop.fm, a service agnostic music streamer, is shutting down as of Oct 31st. The startup has been aquirehired LifeLock, a provider of identity protection services for consumers and consumer risk management services for enterprises.