Tencent Plans $4B US IPO That Also Benefits Spotify

Tencent Music, China’s largest music streamer, has reportedly invited investment bankers to pitch how they can guide the company through a U.S. IPO valued as high as $4 billion later. Continue reading

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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.

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Ticketmaster Sued After Allegedly Sabotaging Tour

The promoter behind a popular '90s legacy act package show is suing Ticketmaster, claiming the ticketing giant damaged the tour's ticket sales by only showing customers the highest priced tickets. Continue reading

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Amazon Is Eyeing U.S. Ticketing Business

Amazon is reportedly seeking to become a source for event tickets in a move that may challenge Ticketmaster's dominance of the ticketing business. 

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iHeartMedia Stock Fell 24% Monday As Radio, Streaming Giant Flirts With Bankrupcy

iHeartMedia stock fell 23.64% to $2.04 Monday after the company admitted to shareholders that it might not survive the year.

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iHeartMedia, Largest Owner Of Radio Stations In US, Admits It May Not Survive The Year

Struggling under the weight of $20 billion in debt, broadcast radio conglomerate iHeartMedia has admitted to investors that it may not survive 2017. 

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Discogs Attacked By Pirate Spam On Two Fronts

Popular crowdsourced music database Discogs is being attacked on two fronts – one by pirates posting links to illegal downloads and the other by an anti-piracy outfit filing takedown demands. Continue reading

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THU. BRIEF: Spotify Readies IPO • U2’s Edge Invests In Coras • Spotify UMG Deal Secrecy Criticized • More

4.5.17 Music Business News From Around The Web  The Spotify UMG deal is still dominating the headlines, but will it really change anything? Updated continuously under our More News tab

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TUE. BRIEF: Spotify Inks UMG Deal • Social Media Sameness • Sillerman Is Back • More

TUESDAY 4.4.17 Music Business News From Around The Web  With the Spotify UMG deal done, the other majors – and then an IPO – will soon follow. Updated continuously under. Continue reading

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Mitch Glazer To Helm RIAA When Cary Sherman Retires Next Year

The Recording Industry Association of America (RIAA) has announced that Mitch Glazier will helm the major label trade association after current Chairman and CEO Cary Sherman retires in January 2019.  Glazier,. Continue reading

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