When Michael Rapino took over Live Nation, he promised a revolution in ticketing; and when he acquired Ticketmaster, one almost believed that it would happen. Along the way, a group of digital ticketing upstarts also promised to change the system. But it appears that in ticketing, old habits die hard.
When it was originally begun, CASH Music was catering to the needs of only a few choice musicians who believed that the traditional label model was not for them. CASH Music instead worked to directly connect fans with artists as a means of financing their music. Since then, crowdfunding has only increased in popularity, as has CASH.
It is generally acknowledged that information regarding musical rights and works can be difficult to obtain, something which the Global Repertoire Database initiative was hoping to fix, before crashing and burning in 2014. Here we look at why it failed and why it's still something the industry needs.
Our new regular feature THE PITCH asks promising music tech startups to "pitch" their product or service to the Hypebot community in 100 words or less. Today, fan acquisition and marketing platform Adva Mobile makes their PITCH:
Reelio, an influencer marketing platform that connects brands with digital stars, has raised a $5 million Series A funding round. Investors include e.ventures, the venture capital firms of Philipp Schindler, Lorne Michaels and Andrew Reis, former Sony Music President and Bertelsmann exec board member.
Despite the value of original content on the internet, being able to reap the benefits of content creation remains challenging. Blockchain technology could revolutionize the internet in such a way that creators are protected and rewarded for their efforts.
[UPDATE 2] - SFXE ended Tuesday $1.32 down 4.23% - You get the feeling that Bob Sillerman could stand on his head in the middle of Wall Street and no one would by a ticket to see him. SFXE stock fell another 9% midday on Monday to all time low of $1.26. The stock had shed 26% on Friday after CEO Sillerman missed a Thursday deadline to finance a stock buyback. Today, Sillerman came back with new buyback promises.
UPDATE 2: SFXE stock fell another 26% in early trading on Friday morning to an all time low of $1.38 after CEO Robert Sillerman missed a Thursday deadline to show he could complete a stock buyback. 24 hours later, the company has not issued a statement, leading to speculation of an impending asset fire sale.
The full story:
Beatport looked like a success story creating a leading online hub for electronic dance music and culture. Now its caught in the crossfire, as parent company SFXE struggles to overcome a tanking stock price, a stock buyback deadline and at least one lawsuit.