While radio stations have provided compensation to songwriters and music publishers, they have never never paid record labels, artists, or producers, something which, Richard James Burgess of A2IM believes, it's high time to change.
iHeartMedia announced today that it has entered into an agreement to acquire Jelli, the company behind the SoundPoint platform which enables programmatic buying and selling broadcast radio ad time. The acquisition, which is designed to help radio compete with the kind of targeted advertising that digital services offer, comes just as iHeart appears to be emerging from bankruptcy.
Days after acquiring the SnowGlobe Music Festival to build its live entertainment presence, MTV has announced it is bringing back an old chestnut – “MTV Spring Break” – which introduced North America to many new artists during its heyday.
MTV has acquired the SnowGlobe Music Festival, as part of a plan to expand the brand and business beyond TV. Held on New Year’s Eve, the annual event is held in South Lake Tahoe and with more than 20,000 fans for three days of music, action sports and interactive art.
In a bid to build closer ties with black radio listeners, it appears Apple may be in the market to purchase steak in iHeartMedia a network which, despite its financial woes, carries significant influence and clout in the music business.
The rise of tech giants like Amazon and Netflix has left a number of bodies in their wake, include former brick and mortar businesses like Blockbuster Video and Toys R Us. Now, as the streaming continues to dominate the music consumption, we're starting to wonder - could radio be next?
Cars have been linked to the music industry for as long as both have been around - in advertising, consumption, and even lyrical content. Thanks to new analytic technology, it's now possible to quantify this relationship between the musical and the automotive.
Free online platform Dash Radio announced that it had raised $8.8 million in seed funding while passing 10 million active monthly users. Dash Radio offers 400+ live shows across 75 stations, many hosted by celebrity DJ's including Snoop Dogg, Lil Wayne and Ice Cube.
Satellite broadcaster SiriusXM signaled a push beyond the vehicle market into the home and on mobile this week with a new Amazon partnership. Amazon Echo owners can get three free months of SiriusXM and those who sign up for a new SiriusXM All Access or SiriusXM Premier subscription get a free Echo Dot.
The statistics for women in country music could not be more stark. Of the Top 50 songs on country radio in the week of October 1st, just six were performed by women. Look beyond radio to streaming and other forms of consumption, and the numbers are even more dramatic.
As streaming continues to establish itself as the dominant form of music consumption, we're taking a look at the state of radio in 2018, and how American's love affair with listening on the road has helped keep radio alive as a viable portion of the market.
Mixcloud has signed a multi-year direct licensing agreement with Universal Music Group. Under the deal, UMG artists will be compensated for use of their music on Mixcloud's ad-supported and yet-to-launch subscription crowdsourced radio platform.
It's been a minute since SiriusXM bought up streaming service Pandora, a purchase decision which should greatly benefit the satellite streamer in a number of areas. including making it the worlds biggest audio entertainment company.
Exploring an innovative new partnership between Austin City Limits and KGSR/Austin, Jacobs Media sat down to chat with Emily Parker, the Program Director at newly created Austin City Limits Radio to discuss how the partnership came to be and where the station is headed.
Fred Jacobs examines the reality of radio's demographic challenge, it's addiction to the 25-54 year old age bracket, and it's need to capture the attention of Generation Z, which is already the largest generational group of them all.
Move over Daniel Ek and Lucian Grainge, Greg Maffei is now the most powerful executive in the music industry. Maffei is the president and CEO of Liberty Media, Chairman of Live Nation Entertainment and Chairman of SiriusXM, which yesterday acquired Pandora.
Many a legend tells of the big breakout that came as the result of an early pickup by a college radio station, and while radio may not have the grip it once did, college radio stations remain an extremely desirable place for emerging artists, and are much more likely to take on chance on an artist than their massive commercial counterparts.
[UPDATED] SiriusXM will acquire Pandora in an all stock transaction valued at $3.5 billion. The combined companies create what they are calling "the world's largest audio entertainment company" with $7 billion in expected 2018 revenue.
Yesterday the Music Modernization Act, a massive overhaul of the US copyright system, unanimously passed the Senate, and while good news for the music industry as a whole, one entity remains in opposition to the bill: SiriusXM. That said, the MMA's smooth passage will like prevent a major boycott of the satellite radio service by artists.
The Music Modernization Act, which is scheduled for a full Senate vote over the next 24 hours, is supported by the music industry because it brings music copyright and compensation into the digital age. But SiriusXM is working to scuttle key MMA provisions, and artist advocates the musicFIRST Coalition are fighting back.
UPDATE: The Music Modernization Act is being fast tracked for a voice vote in the Senate. It's a bold strategy that could backfire if even one Senator votes no. Despite earlier reports, it is now unlikely that the vote will happen today.
In this op-ed, Jeffrey Bennett of SAG-AFTRA and Mitch Glazier of the RIAA decry the recent questionable actions of SiriusXM and encourage those involved in the music industry to help the Music Modernization Act's progress forward.
Broadcasting company SiriusXM is up to no good, says Chris Castle, claiming that its out to see artists paid their fair due. In reality the company is using rhetorical trickery to distract artists while Sirius climbs its way to a more advantageous industry position.
Apple a master at dribbling out music users stats at just the right moment, like during a product launch, investor call or just as the media seems ready to crown Spotify the winner of the streaming wars. Buts it has never even hinted at how many people actually listen to its much touted Beats 1 live DJ powered streaming radio station.