Tag: Wall Street

Pandora Not For Sale, Will Be Profitable This Year, Says Pandora CEO As Stock Falls [VIDEO]

Pandora founder and CEO Tom Westergren made some bold claims during a CNBC appearance Monday. Wall Street was unimpressed, pushing the stock -6.3% to $11.60 by midday Tuesday.

Bruce Houghton on 03/14/2017 in Music Business | Permalink | Comments (0)

Tags: Apple Inc., CNBC, Donald Trump, Federal Communications Commission, iTunes, Republican Party (United States), The Wall Street Journal, United States, Wall Street, Warren Buffett

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Pandora Stock Recovers Friday Morning Despite $343M Loss, Disppointing Forecast, No Listener Growth

UPDATE 2: Pandora stock fell as much as 5% more in after hours trading Thursday, but recovered 4% Friday morning to an 11AM price of $3.11. Yesterday's drop came as. Continue reading

Bruce Houghton on 02/10/2017 in Music Business | Permalink | Comments (0)

Tags: Advanced Micro Devices, Advertising, and amortization, Artificial Intelligence, Bing, Calendar year, Chief financial officer, Cloud computing, depreciation, Earnings before interest, Earnings Per Share (EPS), Extended-hours trading, Fiscal year, Generally accepted accounting principles, Initial public offering, LinkedIn, NASDAQ, Net income, revenue, taxes, Wall Street

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Warner Music Group Reports Solid Quarterly Earnings, Streaming Revenue Up 47%

[UPDATE 2] Warner Music Group reported that revenue grew 8.0% in the quarter ending December 31st, 2016. Digital revenue contributed strongly to the earning jump rising 27.6% for the quarter. Overall net income. Continue reading

Bruce Houghton on 02/07/2017 in Major Labels | Permalink | Comments (0)

Tags: Alibaba Group, cancer, Chief executive officer, Christmas, Facebook, George Michael, Grammy Award, IBM, Luisana Lopilato, Michael Bublé, Noah, revenue, Tony Bennett, Wall Street, Warner Music Group, Warner/Chappell Music, WMG

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SoundExchange Payments Rise 29% In Q3, Artists And Labels Paid Jump 45%

SoundExchange payments were up 29.2% last quarter. So while the U.S. digital PRO has taken some big hits lately, mostly thanks to Pandora and other direct licensing deals, this impressive growth. Continue reading

Bruce Houghton on 11/28/2016 in D.I.Y. | Permalink | Comments (0)

Tags: Apple Inc., Fiscal year, Internet radio, IOS, Medtronic, music industry, record label, Royalty payment, SoundExchange, Wall Street

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Live Nation Reports Strong Earnings, Stock Soars

Over the last few quarters, Live Nation has started to feel like a solid business driven less by the touring whims of major artists and more by solid growth across. Continue reading

Bruce Houghton on 07/29/2016 in Live & Ticketing | Permalink | Comments (0)

Tags: AEG, Bankruptcy, Electronic dance music, Fiscal year, Live Nation Entertainment, Robert F. X. Sillerman, SFX (magazine), Short code, Text messaging, Wall Street

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FRI. BRIEFING: Pandora Plunges On Weak Report, Buyout Rumor • Beatport Bounces Back • Spotify Spying • More

FRIDAY 7.22.16 Music Business News From Around The Web Pandora: downturn or bump in the road? I'll bet on the later as it evolves beyond a one trick pony, investing. Continue reading

Bruce Houghton on 07/22/2016 in Music Business | Permalink | Comments (0)

Tags: 40 Wall Street, Advertising, All About Jazz, Amazon Web Services, Appellate court, Apple Inc., Belgium, IPhone, The Wall Street Journal, Wall Street

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Most Musicians Are Not Entrepreneurs

This article examines how, in the modern era, artists need to be able to not only make music but also effectively sell themselves, something which most musicians are not naturally. Continue reading

Guest Post on 07/19/2016 in D.I.Y. | Permalink | Comments (0)

Tags: American Federation of Musicians, Amway, Anil Ambani, Bailout, Ben Allison, business, Entrepreneur, India, music industry, Wall Street

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SFXE Teeters On Bankruptcy, Explores Debt Restructuring

[UPDATED] With SFXE stock trading down 95% for the year and saddled with $300 million in debt, the EDM conglom has very few options. But even as it teeters towards. Continue reading

Guest Post on 12/01/2015 in Live & Ticketing | Permalink | Comments (0)

Tags: Asset, Corporation, Electronic dance music, EMC Corporation, Google, Public company, Robert F. X. Sillerman, SFX (magazine), The Wall Street Journal, Wall Street

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BandPage And How To Use Metadata To Build Your Fanbase [INTERVIEW]

Recently the folks at Music Consultant sat down to have a chat with Jim Patterson, the Chief Product Officer at BandPage, to discuss the expansion the platform has experienced in recent years,. Continue reading

Guest Post on 10/28/2015 in Music Business | Permalink | Comments (0)

Tags: Facebook, Google, Instagram, Pinterest, social media, Twitter, Wall Street, Yahoo Travel, Yahoo!, YouTube

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Did Pandora Pay Too Much? Shares Fall After $450M Ticketfly Acquisition

Shares of Pandora [P] fell as much as 7% yesterday on news that the music streamer had acquired indie ticketer Ticketfly for $450 million. While the deal could lead to. Continue reading

Bruce Houghton on 10/08/2015 in Live & Ticketing | Permalink | Comments (0)

Tags: Atmel, Dialog Semiconductor, Internet radio, music industry, National Association of Realtors, New York City, Pandora Radio, The Home Depot, Wall Street, Weatherford International

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Pandora Acquires Ticketfly For $450 Million [NYSE:P]

Pandora has acquired independent ticketing company Ticketfly. It's a move that diversifies the music streamer's portfolio within the music vertical, and it could also be goods news for artists and. Continue reading

Bruce Houghton on 10/07/2015 in D.I.Y. | Permalink | Comments (0)

Tags: AbbVie, Anthony Noto, Ashland Inc., Atmel, AutoZone, Goldman Sachs, music industry, North America, The Wall Street Journal, Wall Street

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