Snapchat stock [NYSE: SNAP] opened Friday at $26.25, up 54% from its initial $17 IPO price on Thursday. By 10:30 AM ET Friday, the stock was up another 12% to $27.41. Now it is up to this soaring startup to prove it’s not the next MySpace or Twitter. Could music…
Category archives: Music Tech
SoundCloud Informs Man He Must Remove His Account Of 8 Years After Name Is Trademarked By Someone Else
Owing to complex and critically flawed copyright laws, SoundCloud recently issued a notice to one of its users, someone who has had an account since the late 00s, that having an account under their name, was somehow in violation of copyright. _____________________________ Guest Post by Mike Masnick on Techdirt I’ve…
AM BRIEF: Snapchat’s IPO, Music Plans • Spotify Pases 50M, Tips Hi-Fi • SXSW Immigration Scuffle • More
3.3.17 Music Business News From Around The Web Favorite headline: "Snap’s IPO was a success. Now it has to prove it’s not Twitter." But could it be the social service that get’s music right? Updated continuously under our More News tab
OFFICIAL: Spotify Has 50 Million Paid Subscribers
Spotify yesterday confirmed that it now has more than 50 million paid subscribers to its Premium streaming music service. That’s up 25% from the 4o million announced 7 months ago in September of 2016. Spotify took to Twitter to make today’s announcement. Thank you to our 50 million subscribers. #Spotify50…
Snapchat Stock Surges 50% On Market Debut, Even As User Growth Shifts To The Less Desirable 45+ Demo
Shares of Snapchat’s parent company SNAP opened for trading at $24 on Wednesday, up 41% from the IPO price of $17. The stock continued to climb throughout the day reaching 25.74 or 52% above the IPO price by mid-afternoon. At the opening price, SNAP had a valuation of about $33…
From Austin To Memphis: What It Takes To Build A Music-Tech City In 2017 [Cherie Hu]
In this piece Cherie Hu explores the complexities of bridging the gap between tech and music in cities, whether the two camps might be able to collaborate productively, and how such a collaboration might be affected by a city’s socio-economic position. ______________________________________ Guest Post by Cherie Hu on Forbes AUSTIN,…
From Austin To Memphis: What It Takes To Build A Music-Tech City In 2017 [Cherie Hu]
In this piece Cherie Hu explores the complexities of bridging the gap between tech and music in cities, whether the two camps might be able to collaborate productively, and how such a collaboration might be affected by a city’s socio-economic position. ______________________________________ Guest Post by Cherie Hu on Forbes AUSTIN,…
From Austin To Memphis: What It Takes To Build A Music-Tech City In 2017 [Cherie Hu]
In this piece Cherie Hu explores the complexities of bridging the gap between tech and music in cities, whether the two camps might be able to collaborate productively, and how such a collaboration might be affected by a city’s socio-economic position. ______________________________________ Guest Post by Cherie Hu on Forbes AUSTIN,…
Spotify Preps Launch Of Hi-FI Music Tier
[UPDATED] Hi – Fi, Hi-Rez or Lossless. Whatever you want to call it, higher quality music streaming offers a new revenue opportunity for both streamers and rightholders. A new public test signals that Spotify is about to join Tidal in offering a premium hi-fi music tier. _________________________________ Spotify is openly…
Richard Conlon Joins SoundExchange To Head Industry Relations, Public Policy
SoundExchange has named Richard Conlon as Chief External Affairs Officer. He will oversee industry relations, corporate communications and public policy efforts. The appointment comes at a time when SoundExchange is facing increased pressure from direct licensing deals. Richard Conlon Prior to joining SoundExchange, Conlon spent three years as a senior…