iHeartMedia Acquires Radio Tech Platform Jelli

IheartmediaiHeartMedia 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.

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Losses Grow At Live Music Streamer LiveXLive

image from celebrityaccess.comLive music event streamer LiveXLive Media reported record revenue for their second fiscal quarter of 2019, but still missed Wall Street’s estimates. Revenue for the quarter came in at $7.97 million, up by 5% from the first quarter, when they cleared 7.62 million. However, the company missed the mark set by investment analysts, who had set a consensus of $8.33 million for the quarter.

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Spotify Secret Genius Awards 2018 - Full Winners List

image from celebrityaccess.comSpotify honored behind the scenes music makers at the Secret Genius Awards Friday evening in Los Angeles. Held at the Ace Theater, the award show was hosted by Ne-Yo.

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Ethical Streaming Royalties: More For Few Or Fewer For More

1In an effort to improve the methods by which royalties are calculated, Chris Castle theorized something known as the "ethical pool". Here he takes a deeper dive, taking a look at a new study on the topic and how it compares more conventional royalty calculations.

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Spotify Alums Create Canopy App Offering Recommendations Without Stealing Your Data

image from chittagongit.comTwo Spotify alumni involved in the creation of Discovery Weekly, have raised a $4.5 million seed round from Matrix to release an app that offers music, film and other recommendations based on user preferences, but without sharing data with Spotify, Netflix, Facebook or anyone else.

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Music Modernization Act A 'Countdown to Modernity' - Progress Chart For Mechanical Licensing Collective

1In this piece, the people at Music Technology Policy provide a chart listing the key events in the necessary path to launch in order for the Mechanical Licensing Collective as needed by the recently ratified Music Modernization Act.

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Pirate Studios Raises $20M For Self-Serve Music Studios

pirate studiosPirate Studios has raised $20 million in new finding for its growing network of self-serve high tech music studios. Pirate operates  350 studios in 21 locations in London, New York and Berlin, with plans to grow internationally.

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Spotify (Finally) Launches New Apple Watch App

image from newsroom.spotify.com

Spotify has launched a new Apple Watch app which includes improved access and control over music and podcasts, as well as, the ability to connect to speakers or devices. The streamer promises the more improvements ahead including the ability to listen to music and podcasts offline.

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STOCK WATCH: Eventbrite, Spotify and Snap

Arrows up and downWith more music and music related stock traded on the public markets, Hypebot is stepping up its coverage of the markets, quarterly reports and earnings calls. Here, with a help from CelebrityAccess, are updates on Eventbrite, Spotify and Snap.

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Pandora, Spotify Podcast Moves Good New For Musicians and Record Labels

Spotify Podcast[UPDATED] This week, Pandora announced the Podcast Genome Project, a cataloging system and discovery algorithm that uses a combination of technology and human curation to deliver personalized podcast recommendations. Spotify and Apple Music have both stepped up their podcast game, as well, by improving their search and discovery options.

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Did Spotify Just Signal An Investment In The Orchard?

Orchard LogoDid Spotify just share a big hint that is is investing in The Orchard?  Days before the streamer announced an investment and partnership with DistroKid, it prominently featured the DIY distributor as the only logo on a page announcing its Spotify Preferred Distributor program. 

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NetEase Cloud Music Raises $600M As Users Jump 200M In 12 Months To 600M

image from superdevs.weebly.comNetEase Cloud Music has completed a $600 million funding round to take on Spotify partner Tencent Music in China and Asia's exploding streaming music market. NetEase boasts 600 million registered users, adding 200 million over the last twelve months.

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Festicket Raises Another $ 10.5 Million

image from encrypted-tbn0.gstatic.comFesticket , the music festival travel and experiences platform  has raised a $ 10.5 million D-Series financing round led by venture capital firm Beringea plus InMotion Ventures, Channel 4's Commercial Growth Fund, Lepe Partners, U-Start and former Spinnin 'Records CEO Eelko Van Kooten. 

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Spotify Officially Launches In Middle East, North Africa

MenaAs anticipated, Spotify has launched in 13 new markets in the Middle East and North Africa (MENA), including United Arab Emirates, Saudi Arabia, Kuwait, Oman, Qatar, Bahrain, Algeria, Morocco, Tunisia, Jordan, Lebanon, Palestinian Territories and Egypt.  That brings Spotify's total markets to 78 including neighboring Israel , which launched in March.

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90% Of Consumers In Spotify's Home Market Stream Music, But Only 43% Pay For It

FreemusicA new streaming music survey in the Nordic countries offers a look at what may be the best that Spotify and the music industry can hope for when it comes to paid versus free streaming.  Since streaming music was all but invented there, the Nordic countries of Norway, Finland, Denmark and Spotify's home country of Sweden, are considered to be streaming's most mature market. 

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Facebook Launches Lasso: TicTok, Musically Video Clone With Massive Music Library

image from geeko.lesoir.beFacebook has launched Lasso, a much rumored clone of hugely popular short video lip sync app TicTok. The Musical.ly short music video app was acquired and incorporated into TicToc last year. 

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Why Is Spotify Charging Half Price In Some Of The World's Richest Countries?

Spotify New $Spotify is on the verge of launching in the Middle East and North Africa (MENA), and with that comes news it will charge the local equivalent of about $5 per month , or half of what it charges in the US and Europe. But while some  MENA countries have less affluent populations, several are far richer than the US and most European countries.

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Music Has More To Gain From The Future Of Transportation Than You Might Think [Cherie Hu]

Screenshot 2018-11-08 07.57.42Going as far back as the FM radio receivers of the 1950s, transportation and music have been inextricably linked; and as the landscape of the transportation industry changes, new marketing opportunities for music and artists are emerging.

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Eventbrite Music Launches To Serve Indie Venues, Promoters

eventbrite logo 2018Indie ticketer Eventbrite has launched Eventbrite Music, a new platform for independent music venues, promoters and festivals that includes technology from the company's 2017 acquisitions of Ticketfly and ticketscript. The Ticketfly brand will be phased out entirely next year, according to multiple reports.

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