Author archives: Bruce Houghton

Eventbrite Stock Falls 27% As Losses Widen

Eventbrite stock fell 27%, after the ticketing platform reported widening losses. The stock recovered somewhat to close at $17.60. Eventbrite posted its Q1 2019 financial results Monday reporting revenue growth of 9.1% to top $81.3 million at the end of the quarter. The company’s paid tickets also saw growth of…

Live Nation Reports Strong Revenue Gains

Live Nation hit the ground running in the first quarter of 2019, with strong gains in revenue and adjusted operating income for the period. First quarter financial filings show revenue of $1.7 Billion, up 17% from the same period in 2018. During the same period, they recorded record adjusted operating…

The 12 Biggest Independent Labels In US

Independent labels account for an estimated 36% of the total US recorded music market. With total revenue of $2.3 billion, here are 12 independent labels that generated the most revenue in the US last year. via Billboard Note: Indie status is determined by label ownership.

Music Is More Important Than Sex, TV, Coffee New Sonos Survey Shows

Sonos has released the findings of a worldwide survey and US-based field study that demonstrates the power of audio to impact health, well-being and creativity. Globally, people who listen to music three or more hours a day say it is more essential than coffee, sex, or TV. The global survey…

Spotify Stock Predicted To Rise 38% Say 14 Top Analysts

Spotify (NYSE:SPOT) stock has an average rating of 1.69 (Buy) from the twenty one analysts that cover the company, according to Zacks Investment Research. Only one analyst has rated the streamer with a strong sell rating, five assigned a hold rating, one a buy and fourteen a strong buy rating….

Live Nation Offers $20 Tickets To 2800 Major Shows During National Concert Week

Live Nation has launched their annual National Concert Week. It runs through May 7th and offers 2 million tickets to major concerts for just $20, including all ticketing fees. More than 2,800 Live Nation produced concerts across North America are offering $20 tickets including for concerts by Alice Cooper, Cage…

Spotify, Pandora Beat Apple Music In Brand Intimacy Survey

Music takes center stage in MBLM’s Brand Intimacy 2019 Study with Spotify, Pandora and Apple Music all landing in the in the top 5. Brand Intimacy is defined "as the emotional science that measures the bonds we form with the brands we use and love." U.S. Top 10 Most Intimate…

THU. BRIEF: iHeartMedia Completes Restructuring • Eventbrite Losses Widen • Bandier Slams Spotify • More

THURSDAY 5.2.19
Music Business News From Around The Web
Updated continuously under the More News tab

Spotify Says Personalizaton Increased Song Discovery 35%

Spotify says that song discovery is up 35%, thanks to new efforts to personalize the music delivered on the platform. Spotify recently began adding tracks based on the user’s listening habits to many of its curated playlists. Van Morrison fans might suddenly find that his "Warm Love" had been added…