Tag: Common stock

Full Music Modernization Act Introduced In U.S. Senate

A bipartisan group of U.S. led by US Senator Orrin Hatch (R-UT) have introduced The Music Modernization Act, a major music reform package similar to legislation which recently passed recently. Continue reading

Bruce Houghton on 05/11/2018 in D.I.Y. | Permalink | Comments (0)

Tags: '60s on 6, Adriana Lima, Alexander McQueen, American Society of Composers, Android (operating system), Authors and Publishers, Bob Goodlatte, Calendar year, Chief financial officer, Common stock, Darrell Issa, Pandora Radio, Royalty payment, Sirius XM Holdings, SoundExchange, Subscription business model

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INGrooves Founder Rob McDaniels Named Beatport CEO

Rob McDaniels, best know as the founder of pioneering digital distributor INgrooves, has been named the CEO of Beatport. McDaniels will also maintain a presence at his more recent roles. Continue reading

Bruce Houghton on 10/17/2017 in Music Business | Permalink | Comments (0)

Tags: Board of directors, Celebrity bond, Chairman, Chief executive officer, Chief financial officer, Common stock, David Bowie, Democratic Party (United States), Eminem, Greg Maffei

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Kobalt Raises Additional $14M, Google Ventures’ Bill Maris Joins Board

Music rights management, publishing and label services company Kobalt has raised another $14 million, bring the total of its recent Series D round to $89 million. Bill Maris, the founder and. Continue reading

Bruce Houghton on 10/12/2017 in D.I.Y. | Permalink | Comments (0)

Tags: Board of directors, Celebrity bond, Chairman, Chief executive officer, Chief financial officer, Common stock, David Bowie, Democratic Party (United States), Eminem, Greg Maffei

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SiriusXM Completes $480M Investment in Pandora, 3 Join Board

Pandora and SiriusXM announced Friday that the later has purchased $307.5 million of Series A preferred stock in Pandora, completing the $480 million strategic investment announced on June 9, 2017.

Bruce Houghton on 09/22/2017 in Music Business | Permalink | Comments (0)

Tags: Board of directors, Carrying capacity, Chairman, Chief executive officer, Common stock, Deadweight tonnage, Reuters, Share (finance), Share repurchase, Vishal Sikka

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Live Music Streamer LiveXLive Acquires Social Video App SNAP Interactive For $34 Million

Premium live music video streaming network LiveXLive Media has entered into a merger agreement to acquire SNAP Interactive, a provider of live video social networking and interactive dating applications.

Bruce Houghton on 09/11/2017 in Apps, Mobile & SMS | Permalink | Comments (0)

Tags: 2010 FIFA World Cup, Abuja, Akwa Ibom State, Allies of World War II, Alwyn Scott, Amaju Pinnick, Austal, Australia, Australian dollar, Ayman Asfari, Barclays, BBC, Board of directors, Buyback, Chief executive officer, Common stock, Corporation

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Lenders Crush Sillerman’s Plan To Pull SFX From Bankruptcy

It seems Bob Sillerman's plan to emerge from bankruptcy and retain some of his SFX assets was foiled by the same lenders which he originally dealt with in order to. Continue reading

Guest Post on 08/03/2016 in Live & Touring | Permalink | Comments (0)

Tags: Accountancy, AOL, Common stock, Electronic dance music, Equity (finance), NASDAQ, Preferred stock, Public company, Robert F. X. Sillerman, SFX (magazine), SFXE

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Pandora Falls 11.5% Thursday After Music Streamer Announces Plan To Borrow $300 Million

[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. Continue reading

Bruce Houghton on 12/03/2015 in Music Tech | Permalink | Comments (0)

Tags: Canadian securities regulation, Common stock, Corporation, Goldman Sachs, Initial public offering, Morgan Stanley, New York Stock Exchange, Private placement, Privately held company, Rdio

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SFXE Founder Sillerman To Receive 29.5% Interest, As EDM Giant Grabs $60 Million Lifeline

EDM giant SFX (NASDAQ: SFXE) has been on life support in recent weeks after a series of poor financial reports and a failed attempt by founder and CEO Robert Sillerman. Continue reading

Bruce Houghton on 09/18/2015 in Live & Touring | Permalink | Comments (0)

Tags: Adam Gray, Apple Inc., Class Action, Common stock, Company, Electronic dance music, PR Newswire, Preferred stock, Robert F. X. Sillerman, SFX (magazine)

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UPDATE: SFXE Stock Drops Another 26% Friday AM As Sillerman, SFX Board Remain Silent

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. Continue reading

Bruce Houghton on 08/14/2015 in Live & Touring | Permalink | Comments (8)

Tags: bEATPORT, Chairman, Common stock, Disc jockey, Electronic dance music, Electronic music, record label, Robert F. X. Sillerman, SFX (magazine), Tomorrowland

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Fonder Buys $774 Million SFX Stock, Takes EDM Giant Private

Anyone old enough to remember the early days of Live Nation (then known as SFX), know that founder Bob Sillerman has more financial tricks up his sleeve than a day. Continue reading

Bruce Houghton on 05/26/2015 in Uncategorized | Permalink | Comments (0)

Tags: Advertising, Alan Lowe, Allen Shapiro, American Society of Composers, Artist, Authors and Publishers, Common stock, Live Nation Entertainment, Michael Rapino, Preferred stock, Public company

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