Privately owned performing rights organization SESAC has completed a major refinancing of its capital structure, reports Billboard, selling $530 million in bonds and obtaining a $30 million revolving credit line. In the latest sign of strong investor interest in music rights, the SESAC offering was oversubscribed to the tune of…
Author archives: Bruce Houghton
Investors Flood $530M SESAC Capital Restructuring
Privately owned performing rights organization SESAC has completed a major refinancing of its capital structure, reports Billboard, selling $530 million in bonds and obtaining a $30 million revolving credit line. In the latest sign of strong investor interest in music rights, the SESAC offering was oversubscribed to the tune of…
THU. BRIEF: Soundexchange Rate Proposal • Soundfeed, Audius Go Public • Touring Career Workshop • More
THURSDAY 9.26.19
Music Business News From Around The Web
Updated continuously under the More News tab
‘I Create Music’ Expo Becomes The ‘ASCAP Experience’ To Better Serve Modern Creators
ASCAP is rebranding its signature “I Create Music” EXPO as the ‘ASCAP Experience’ with a new name, location and enhanced programming designed to better meet the needs of modern creators. The 15th-anniversary edition is now set for the InterContinental Hotel in downtown Los Angeles, April 1 – 3. ASCAP has…
TuneIn, Apple Bring Global Radio Stations To Apple Music And Siri-Enabled Devices
TuneIn and Apple have teamed to offer access to more than 100,000 global radio stations on all Siri-enabled devices and Apple Music. This collaboration comes on the heels of Apple’s release of iOS13, which according to the tech giant, introduces a new radio experience to Apple devices – including iPhone,…
Mark Mulligan Of MIDiA To Keynote Premier Music Tectonics Conference Oct. 28-29
Straddling the increasingly important nexus of music and technology, organizers for the first annual Music Tectonics Conference in Los Angeles announced that MIDiA’s Mark Mulligan will deliver the keynote address. Set for October 28-29, the conference will also feature an address by music tech journalist (and DJ/producer) Dani Deahl, who…
WED. BRIEF: Live Music To Top $25B By 2023 • YouTube Accelerator Adds 14 Artists • A&R Awards • Audius • More
WEDNESDAY 9.25.19
Music Business News From Around The Web
Updated continuously under the More News tab
Spotify Adds Two New Personalized Playlists: On Repeat and Repeat Rewind
UPDATED: Following in the footsteps of its popular Discover Weekly, Release Radar and Your Summer Rewind playlists based on each user’s previous listening habits, Spotify today added two more into the mix: On Repeat and Repeat Rewind. "With these two new playlists, you can sit back, relax, and fall in…
How Fender Focused On 3 Trends To Build A Winning Future Focused Strategy (And Avoid Gibson’s Mistakes)
Fender has soared while Gibson and other instrument manufacturers have faltered despite both facing a shifting and uncertain marketplace. The reason for Fender’s rise, according to Keith Jopling of consultancy MIDiA has been a trend-driven future-focused strategy driven by a new CEO and CMO along with former Warner Music digital…
Free ‘How To Sell Fan Subscriptions’ Webinar This Wed.
Don’t forget to sign up for this free Bandzoogle webinar to learn how to get started with fan subscriptions as well as how to maintain them. Join Bandzoogle’s Dave Cool on Wednesday for a free webinar to find out how to generate recurring revenue with subscriptions and deepen the connection…