We live in a digitally saturated world. If you're not utilizing the tools that you have at your disposal to enhance the 360 degrees of your digital presence, you're missing out significantly on web traffic, publicity opportunities, and the chance to reach and engage new fans. Cyber PR has worked with many artists in various stages of their careers - over the many years they've done so, they've seen the same problems repeat themselves: the majority of artists aren't fully utilizing digital marketing tools.
[UPDATED] UK based startup Festicket has closed a $2.7 million Series A funding round. Festicket which bills its self as "The Easiest Way To Book Your Next Festival Ticket" provides one-stop ticket and travel services to major festivals. The round was led by European VCs, Wellington Partners and PROfounders Capital. The company, which currently has offerings in both the UK and EU, will use the funding to expand into more international markets
Serial entrepreneur Brenden Mulligan, best known for founding ArtistData (acquired in 2010 by Sonicbids) and Onesheet (acquired in 2013 by Bandzoogle), is working on a new service aimed at giving musicians a new way to interact with their fans. Mulligan has been largely out of music-tech over the past year, focusing instead of private photos sharing app Cluster, which he and a small team raised $1.6 million for last August.
Although the project is still in stealth, Mulligan shared the following details:
The Country Music Association is teaming up with The Nashville Entrepreneur Center to create what they are billing as the first music business accelerator. The music business accelerator is a 14-week program that will develop six to eight startups into investable businesses for the music industry ecosystem in Nashville. Each startup will receive a $20,000 investment in exchange for equity.
DoclerMusic is a new livestreaming and fan interaction platform for musicians. The basic service is free for artists and viewers with tipping plus fees for private concerts and lessons. The initial range of interactions supported by DoclerMusic suggest that it has the potential to become a key tool for DIY artists. DoclerMusic officially launched late last month after a summer long beta period so go check them out and tell us what you think!
It's been less than a month since Grooveshark was approved for streaming via Google's hot Chromecast platform. At the time of the announcement we wondered if it was a sign that the often-sued Grooveshark was finally gaining acceptance within the main stream music and tech industries. Apparently not. Yesterday Google yanked Grooveshark from Chromecast after an alleged complaint by the RIAA.
Israeli-based music tech startup Serendip is shutting down on September 22nd. Serendip pulled music recommendations from a users friends on Facebook and Twitter to create playlists that could then be customized. In fact, Hypebot readers were among the first to experience the social music service via beta invites we distributed in 2011.
In a perfect world, the hard work musicians put into perfecting their craft would pay off in the form of financial security, but as it goes with any arts based career - it just takes time. Most musicians are forced to maintain at least one, sometimes several day jobs to support their dream of being full time musicians. It's important to view this necessity as a stepping stone instead of a road block - lest we forget, the Taj Mahal wasn't built in a day.Getting and keeping a solid day job comes along with it's own set of perks - the kind that may really pay off as you advance up the career ladder.
Long before there was Pandora or iHeart Radio, there was AccuRadio. Today the online radio pioneer and its CEO Kurt Hanson announced the company has raised a “Series A” round of $2.5 million from L.A.-based NantWorks.
AccuRadio differentiates itself from Pandora and others by targeting upscale, educated, at-work 35-64 year olds with personalizable online radio based on 1,000 channels across all genres.
Scandinavian based streaming music service WiMP has announced that it will enter the already crowded US and UK markets this fall with a a competitor its calling TIDAL. On top of all of the features one would expect in a music streamer, TIDAL adds high fidelity sound quality, high definition music videos, and curated music editorial.
But higher quality comes at a higher price.
Last year about this time Feed.fm launched featuring "music as a service" and an initial $1.2 million seed round. This week Venture Beat reports that an SEC document reveals another $1.2 million seed round. Assuming someone didn't get their dates confused, it looks like Feed.fm is moving forward with their goal to make music licensing a much easier experience.
PandoDaily's David Holmes tells the story of Jimmy Chamberlin's transformation from Smashing Pumpkins drummer to tech startup CEO. Chamberlin says he found the same energy in today's startup scene as he did in 90s indie rock. Chamberlin was getting into tech investing when he found out about LiveOne. After a stint as Director of Partnerships for LiveOne he became CEO.
Tribune Media owned Gracenote is continuing its march to expand beyond music metadata. With today's acquisition of film and tv data firm Baseline for $50 million plus Gracenote's already deep meida catalog, the combined company controls a massive media data set.
Mobile and social application publisher Cellfish Media is rebranding as the Bandsintown Group. With the popular BandsInTown app already its flagship product, the move reflects the company’s three year effort to strengthen its position in the live music and event industries. The renamed company will be headed by founders CEO Fabrice Sergent and President and COO Julien Mitelberg in New York with offices in San Diego, Montreal and Manhasset.
Today's music industry does not lend itself to a "one-size-fits-all" model of any sort. It takes experimentation and exploration to develop a strategy and to execute it efficiently. Times have changed - no longer do record labels hold and monopolize all the cards of artist discovery. The tech boom has made the tools you need to record your music, manage your music, and get it out to your fans more accessible than ever before - if you know how to utilize them.
Ticket search engine SeatGeek today announced it has raised a $35 million Series B round led by Accel Partners. Causeway Media Partners, a sports-focused investment fund led by Boston Celtics CEO Wyc Grousbeck. Also participating in the round were rapper NAS, Super Bowl MVPs Peyton and Eli Manning, and Melo7 Tech Partners.
Watch out Spotify, Deezer, Rhaspody and the rest. A new player is flush with cash and ready to expand. Taiwan based mobile music streaming service KKbox has raised $104 million to fuel its international expansion. Singapore fund GIC funded the new round. Other major shareholders include Japanese telco KDDI and HTC.
Rockbot today announced that the company has closed an additional round of financing. The round is led by Detroit Venture Partners and includes top global music group Universal, Susa Ventures, XG Ventures, Susa Ventures, and an AngelList syndicate led by Sundeep Ahuja. Previous investors include Google Ventures and Accelerator Ventures.
Partience is a virtue... and it is absolutley necessary when efficiently releasing your newest music. As eager as we all know you are for people to finally hear the music you've been working on for days, months, or even years, you must be sure to take the time to get the most mileage with your material. A successful album release requires planning - and a lot of it. If you're releasing albums as soon as they hit your front porch now would be a good time to do your homework.
Indie subscription services of all kinds are doing quite well these days. In music we're seeing everything from Drip.FM's digital subscriptions to Turntable Kitchen's combination of meal fixings and vinyl in a box. Marc Hogan recently took a look at vinyl subscription clubs for Wondering Sound. He shows that, though some have folded, a wide range of such clubs are finding unique niches and variations on the theme of subscription vinyl.
JoyTunes creates apps that allow people to teach themselves to play music but they've also become a favorite of many teachers who encourage their students to use the apps to support practicing. Their apps generate revenue through paid accounts and in-app purchases. Recently JoyTunes completed a $5 million Series A round and, in what sounds partly like a leap of faith, are now giving registered teachers and their students free access to Piano Maestro. CEO and Co-founder Yuval Kaminka says it's a move to partner with teachers and grow the larger digital music learning pie.
The music industry is difficult to break into for any entry level musican. A lot of musicians will pick up side gigs or offer lessons for extra money, but others choose to teach as a full time job. Whether you're in it to win it or in it for fun, promoting the fact that you have a musical skillset you're willing to offer to those around you is an attractive asset saught after by varying demographics. There is always digital promotion, but when you're starting at ground level, a little word of mouth goes a long way.
Music based find-a-friend and dating app Tastebuds.fm has acquired competitor Moosify. Both apps facilitate introductions based on musical taste. Terms of the deal were not disclosed. It's apparently a user and tech based acquisition with about 100,000 users being transitioned frrom Moosify to Tastebuds in the the coming days.
While we used to hear a lot about incubators and now we tend to hear more about accelerators there are a variety of educational programs designed to prepare companies seeking investors to get in the game. Music Foundry is one of those eductional pre-accelerators that helps those interested in learning more about the music industry on their way to a minimum viable product.
Original Story: After a successful Kickstarter campaign for the PonoMusic Player, PonoMusic recently launched an equity crowdfunding campaign on Crowdfunder. While PonoMusic's rewards-based crowdfunding campaign raised over $6.22 million, it's starting to look like investors who want in on PonoMusic are going to help it go even further this time. As of early Monday morning, investment commitments stand at over $5.24 million.
SoundCloud is adding advertising to fund payments to artists and labels who agree to participate in a new Premier Partner program. The terms of the invite only program were not disclosed. A deal with major labels is expected to be announced soon, but today's announcement was about reassuring the hundreds of thousands of indie artists who use the platform, that they may be able to make money there.