Target’s arrival in the East Village of New York has seriously pissed off local residents. So much so that the corporation has issued an apology to those who felt slighted by its most recent store opening. A few days ago, Target celebrated the op…
Category archives: Feature Story
Spotify’s Q2 2018: The Good, The Bad, and the Ugly
Yes, Spotify reached 83 million subscribers. No, it still doesn’t have a plan to stop bleeding cash. Spotify has just published its second quarterly report of 2018. And, just as with its first-quarter report, the news isn’t pretty. Not for investors…
AWAL Vows Complete & Transparent Distribution of All Spotify Stock Payouts
Label services and distribution company AWAL is now offering complete and transparent distribution of Spotify stock payouts to the artists and labels it represents. If you’re unfamiliar with AWAL, it’s an indie/unsigned distribution and lab…
Top Analyst Downgrades Spotify to ‘HOLD,’ Citing Slower Consumer Interest
Last week, Spotify was upgraded to BUY by several analysts, all of whom predicted that the stock price would rise to above $200 ahead of the company’s next earnings report. But not everyone is so bullish — especially as soggier news comes in. No…
Sirius XM’s CEO Addresses Those Pesky Live Nation Merger Rumors
Rumors have been swirling for a few months that Sirius XM may be looking to merge with Live Nation, but today CEO Jim Meyer dismissed those rumors. During an analyst call, Meyer said he didn’t know where the speculation was coming from, and that …
National Transportation Safety Board Issues a Warning Against the Drake #InMyFeelingsChallenge
The viral #InMyFeelingsChallenge is drawing a warning from the National Transportation and Safety Board. The challenge, which started with comedian Shiggy posting a video of himself dancing to Drake’s new hit song, has quickly spiraled out of control. …
Do All-Female Music Festivals Break Gender Discrimination Laws?
Despite a government investigation into the first all-female music festival, Statement Festival founder Emma Knyckare vows to push on. Sweden has a major sexual assault problem at music festivals. To be honest, so do most countries. Two years ago, Swe…
U.S. Government Hits Fyre Festival Founder Billy McFarland With a $24.7 Million Fine
The U.S. Securities & Exchange Commission (SEC) announced today that it has agreed to settle all charges against Fyre Festival founder Billy McFarland. McFarland founded both Fyre Media and a credit card company called Magnises (dubbed the ‘b…
YouTube Is Offering 6- and 7-Figure Deals to Top Creators — Thanks to IGTV
Looks like Instagram’s newly launched video platform IGTV is putting some serious heat on YouTube — and introducing serious competition for top creators. IGTV is an open platform that allows anyone to post a video up to an hour in length. The ne…
Latest Industry: Demi Lovato, Live Nation + SiriusXM, YouTube vs. IGTV, BitTorrent, RCA Records UK, BMG, More…
Demi Lovato ‘stable’ after heroin overdose. Demi Lovato is “okay and stable” following a heroin overdose. The news comes a month after she revealed she broke her sobriety. The singer has struggled with drug use in the past. Lovato remains hospitaliz…