LiveStyle, the company formerly known as SFX Entertainment, has named former label exec Chris Monaco as Chief Revenue Officer, Brand Partnerships, and Sponsorships. Monaco comes from Universal, where he spent four years, most recently as SVP and Head of New Business. MORE: • Warner Music Nashville has promoted Tim Foisset…
Category archives: Music Tech
Pandora [P] Stock Continues Falling Despite New $150M Investment, Sale Rumors
Despite a new cash infusion of $150 million from KKR and fresh sale rumors. Pandora [P] stock continued its downward trend on Wednesday. Just after Noon ET, Pandora stock was trading at $9.79 and headed near its 52 week low of $9.49. Several analysts also downgraded the stock’s target price…
Spotify Partners With Capital One For 50% OFF All Subscriptions
Spotify and Capital One have partnered to offer Capital One Quicksilver or QuicksilverOne cardholders 50% back on all Spotify Premium subscriptions through April 30, 2018. The offer also gives users 50% back when they purchase Spotify Premium for Students and Spotify Premium for Family with their Quicksilver card. customers will…
Pandora Thinks It Can Be Sold Within 30 Days [REPORT]
[UPDATED] Pandora is actively trying to sell and confident that it can close a deal to close within 30 days, sources familiar with the company’s thinking told CNBC. SiriusXM is believed to be the most logical buyer. ________________________________ This week Pandora reported slowing growth and a deteriorating balance sheet, but…
Smule Raises $54M At $604M Valuation, As More Musicians Use Platform To Connect With Fans
Social music startup Smule has raised $54 million in a strategic financing round led by Tencent. The funds will be used to expand the service, which has 54 million monthly active users creating over 20 million songs daily, into Asia. ____________________________________ Giant Chinese investor Tencent has led a $54 million…
eMusic Relaunches Indie Focused Music Hub with Free, Discounted Downloads, Cloud Storage
A pioneer in digital music, eMusic has relaunched with an indie focus similar to its early days. TriPlay acquired eMusic in September of 2015 and has rebuilt the platform from the ground up. _________________________________ eMusic has been resurrected as a home for the indie music aficionado with free cloud storage…
WED. BRIEF: Pandora Seeks Quick Sale • Smule Raises $54M • eMusic Relaunches Indie Service • More
Wednesday 5.10.17 Music Business News From Around The Web If/when Pandora is sold, will a new owner continue Tim Westergren’s artist friendly mission? Updated continuously under our More News tab Related articles Why NPR Should Stand With #irespectmusic Pandora Under Pressure Even As Music Industry Warms To Westergren – hypebot…
The Music Industry’s Digital Transition [David Emery]
In this piece David Emery observes how the music industry has transitioned over time, past the era of downloading and into the streaming age, and why for those able to successfully navigate the streaming economy, there has never been a better time to be a independent musician. _________________________ Guest post…
Pandora Stock Seesaws After Earnings Report, $150M New Investment
Pandora [P] stock was down 2.62% at the close of trading Monday. Minutes later, it was up 3.37% in after hours trading after the company revealed a new $150 million investment from KKR and smaller than expected losses despite declining user stats. At the start of an earnings call on…
TUE. BRIEF: Pandora Nabs $150M, Still Seeks Buyer • Amazon Adds Live Gigs • User Generated Radio • Snap • More
TUESDAY 5.9.17 Music Business News From Around The Web Pandora has smartly used its position as a market leader to attract a new $150M investment, but still has a tough road ahead. Updated continuously under our More News tab