FRIDAY 8.16.19
Music Business News From Around The Web
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Category archives: iHeartRadio
IHeartMedia [IHRT] Stock Falls On Market Debut
T he largest radio conglomerate in the US, iHeartMedia, became a publicly-traded company again on Thursday, are launching its direct listing. Shares of the company, which just recently emerged from bankruptcy, are listed under the ticker “IHRT” on the NASDAQ. The stock fell as low as $15.75 in early trading…
iHeartMedia set to bounce back from bankruptcy as CEO Bob Pittman inks new four-year deal
President Rich Bressler also signs new contract with broadcast giant
The post iHeartMedia set to bounce back from bankruptcy as CEO Bob Pittman inks new four-year deal appeared first on Music Business Worldwide.
Apple Music Seeks Black Radio Listeners In Potential iHeartMedia Deal [Kori Hale]
In a bid to build closer ties with black radio listeners, it appears Apple may be in the market to purchase steak in iHeartMedia a network which, despite its financial woes, carries significant influence and clout in the music business. _____________________________ Guest post by Kori Hale, CEO and Founder of…
iHeartRadio MMVAs 2018 – Fill Winners List
The 2018 iHeartRadio MMVAs were held Sunday night in the heart of downtown Toronto. Hosted by YouTube star and actress Awkwafina, the show featured a star-studded lineup. Shawn Mendes opened and closed the show with performances of his songs “Lost in Japan” and “In My Blood.” The Toronto-raised singer-songwriter also…
Latest Industry: XXXTentacion, Music Goosebumps, UTA, MMF, SOCAN, Paul Simon, iHeartMedia
An elderly couple gets targeted after XXXTentacion’s tragic death. An elderly couple has received death threats after an Instagram post linked their home address to XXXTentacion’s murder. Police in Cape City are protecting Laurie Bernard and her husba…
Latest Industry: Spotify’s Chery, Lamar’s Pulitzer, Lil Wayne, SoundCloud, Sony/ATV, Mixcloud, Conchita Wurst
Betting long on Lil Wayne. Sound Royalties has just bagged a marquee investment: Lil Wayne. The company focuses on helping artists raise funds for future projects while leveraging lucrative catalogs. “I am very excited to be team…
iHeartMedia files for bankruptcy in the US
Bob Pittman says deal is a ‘significant accomplishment’
The post iHeartMedia files for bankruptcy in the US appeared first on Music Business Worldwide.
iHeartRadio Faces Imminent Bankruptcy as Debt Pile Hits $20 Billion
As predicted, iHeartRadio is about to crash into a messy bankruptcy. Early last year, Digital Music News ran a controversial story. A group of iHeartRadio’s lenders had opposed a $20 billion debt overhaul. With the company adding nearly $35…
Oldies Artists Who Can’t Get Paid are Asking Congress for Help
Copyright owners of sound recordings released before 1972 have a problem: nobody will pay them their royalties. Now, these ‘oldies’ artists are hoping to close that legal loophole with the Classics Act. Duke Fakir, a founding member of Fou…