Buoyed by a fresh $150 million investment from KKR, Pandora executives spun a hopeful tale during an earnings call on Monday. But a later than expected full launch of Pandora Premium and slight downtick in use left more questions than answers about Pandora’s long term growth. ____________________________________ During an earnings…
Category archives: Music Tech
Pandora Nabs $150M Investment From KKR
[UPDATE 2] At the start of an earnings call on Monday, Pandora (NYSE: P) announced it has entered into an agreement for a $150 million strategic investment from KKR. But the music streamer reported a big quarterly loss and the new investment came at a price. _______________________________ $150M Stock Buy…
Spotify Adds QR-Like Codes: A New Music Sharing & Engagement Tool For Artists, Marketers
Spotify has officially added QR-like codes for quick song, album and playlist sharing. Available in-app, Spotify Codes can also be printed on a flyers, posters or billboards. Hypebot first reported the rollout of this new feature on Friday and opportunities it creates for musicians and music marketers working to boost…
2 Simple Ways To Include Event Discovery Sites In Your Marketing
Although you already be marketing your events to regional audiences and social media followers, a vast number of urban event-goers often using event discovery sites in order to make their plans. Here we explore two important ways in which you can incorporate event discovery sites into your marketing. __________________ Guest…
Fast Rising Kobalt Music Adds $75 Million At $775M Valuation To Finance Growth
Music publishing and rights management firm Kobalt has raised $75 million in growth capital. The Series D round was led by Hearst Entertainment with participation from Balderton Capital and MSD Capital. _____________________________ Including today’s $75 million round, Kobalt has raised $191 million. The company is valued at $775 million. Lead…
Will The Music Industry Soon Be Under The Control Of Computers?
While much of what is unfair about payments to artists stems from the low rates, the lack of accuracy and accountable when it comes the metadata associated with said music, something which could be helped with the implementation of things like blockchain tech. _______________________ Guest post by Erin M. Jacobson…
US Entertainment Firm Milks Croatian Promoter w/ Trademark Rights It May Not Own
Although trademark bullying is certainly an all too common occurrence, the bully in question typically owns the trademark it’s swinging around, although this may not be the case with World Wide Entertainment Group Inc., something which has led to a lawsuit from a Croation festival promoter which World Wide was…
This Week In Music Commentary
Commentator from within the music industry this week shared their knowledge and opinions on livestreaming as a source of revenue, music’s future as inspired by a cheap Vietnamese restaurant, and why maybe you should be pirating music. Charlie Biles of [PIAS] On Livestreaming Music As A Source Of Revenue [INTERVIEW]…
REWIND: The New Music Industry’s Week In Review
In this jog back through all the week’s music industry news, we revisit Apple’s recent lawsuit failure, Metallica’s heartwarming gesture to one of its tribute bands, the massive debacle that was Fyre Music Festival, and much more! May The Fourth Be With You: Pandora Celebrates Star Wars Day With Top…
Pandora Kills Artist Insights While Paying Out Less Money
Last week I wrote about how Pandora has stopped paying artists over 50% of their money. Sources reported to me that Pandora’s accounting is so messed up that DIY distributors are literally sending checks BACK to Pandora because they were sent checks for songs they had nothing to do with. Artists have reported to me […]
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