Gibson Guitar had been failing to pay key supplies for months leading up to its Chapter 11 bankruptcy filing, according to paperwork shared with DMN. Here’s a partial list of who’s owed what. The months ahead promise to be fairly ugly…
Category archives: Feature Story
Spotify’s Q1 2018: The Good, the Bad, and the Ugly
Looks like Spotify isn’t going to become the next Netflix after all. Nor will it turn a profit in 2018. Spotify has just published its first quarterly earnings since going public. And the news isn’t pretty. At least, not f…
Instagram Just Added Spotify and GoPro Content — Cooler Stories Anticipated
Instagram is now allowing apps to post content directly into Instagram stories – starting with Spotify. Spotify is all about creating a giant funnel of users — then migrating a percentage of them into high-value, paying subscribers.…
Latest Industry: Spotify, SoundCloud, Apple, Pandora, Sony/ATV, Snap, More…
Walmart Yodel kid gets 2.13 million streams. Mason Ramsey, otherwise known as the Walmart Yodeling Boy, has another reason to celebrate. Following his deal with Atlantic Records, the 11-year-old singer’s debut single ‘Famous’ ra…
Apple Formally Asked Not to Kill iTunes Music Downloads
As the guillotine dangles over the head of iTunes music downloads, artists are starting to take urgent action. That includes the Content Creators Coalition (CCC), a top musician advocacy group. During its latest earnings call, Apple CEO Tim Cook …
Wow! Sony Just Cashed 50% of Its Spotify Shares — a $760 Million Payout
When it comes to Spotify liquidation, Sony Music isn’t f—ing around! The major label has now cashed nearly 50% of its Spotify shares, according to an announcement from parent Sony Corp. That’s roughly $760 million in cash for th…
Record Store Day Smashes Its Own One-Day Record – Nearly 750,000 LPs Sold
Thanks to independent record stores, Record Store Day 2018 was a massive success. Nielsen Music has released its report on Record Store Day 2018. Held on April 21st, the 11th annual edition yielded a whopping 733,000 vinyl albums sold for the week end…
Latest Industry: Post Malone, J. Cole, R. Kelly, Avicii, BTS, Record Store Day, More…
Post Malone goes platinum in just 4 days. The Recording Industry Association of America has certified platinum Post Malone’s sophomore album, Beerbongs & Bentleys. Thanks to the popularity of his hit single, ‘Rockstar,’ the …
Gibson Guitar Files for Chapter 11 Bankruptcy Protection
Gibson Guitar, one of the most iconic brands in rock n’ roll, has officially filed for Chapter 11 bankruptcy protection. It was practically inevitable. But Gibson Guitar, saddled with more than $1 billion in debt and sinking financials, has…
Thousands of Taylor Swift Tickets Remain Unsold — Just Days Before Showtime
Taylor Swift’s team says this is all part of a plan to maximize ticket prices and minimize scalping. But is that strategy working out? Team Taylor is already claiming record-setting sales ahead of its ‘reputation’ tour. Bu…