SoundCloud has named Holly Lim as its first Chief Financial Officer. As a member of the Executive Team, she will split her time between SoundCloud’s HQ in Berlin, Germany and its New York office. ________________________________ Holly Lim joins SoundCloud as CFO from Google where she led Google’s Business Operations for…
Category archives: Music Tech
Growth In Music Streaming Revenue [Infographic]
This revealing new chart shows some surprising changes in the music streaming industry over the past few years, while ad-supported streaming seems to be resting at a relatively stagnant $600 million, subscription-based streaming has climbed demonstrably since 2010. ___________________________ This chart originally appeared on Business Insider Related articles U.S. Music…
AM BRIEFING: Blind Melon Sues Over Cover Version • Prince Tribute • Musical.ly Privacy Issues • Lyor Cohen • More
We’re making some changes to our More News tab. (You can read the sordid story behind the forced move here.) In the meantime, here is a short list of important reads from across the web: _____________________________________ Blind Melon song-theft case could test parameters of the cover version (CMU) This one…
A Look At How Well Streaming Music Is Really Doing And The Major Label’s "Streaming Reality Distortion Field" [Mark Mulligan]
All 3 major labels have reported impressive growth in streaming income. But that’s only a fraction of the story, says top industry analyst Mark Mulligan of MIDiA. "If the music service wins, the label wins, if the music service loses, the label still wins," he says. "This disconnect… is one…
Apple’s Beats Beats Monster Monster Lawsuit
LA Superior Court Judge William Fahey yesterday handed down a summary judgment that effectively dismissed the claims that Beats by Dr Dre had cheated Monster and its CEO Noel Lee out of a 5% share of the Beats brand. _______________________________ A summary judgement issued in LA Superior court effectively ends…
Sonos Smartly Extends Speaker Control To Spotify App, Amazon Echo, Pandora [UPDATED]
I’ve always loved my Sonos multi-room speaker system. It’s a near perfect combo of size, fidelity and wireless convenience. My single beef has been that using Sonos speakers meant using the Sonos app as a controller. And it works well, I missed some features that I enjoyed on Spotify, Pandora…
Revelator Raises $2.5M To Expand Digital Music Business Platform
Revelator’s mission is as simple as it is important: build the first open business platform for distributing, selling, licensing and collecting revenue for music online. Today, the the company announced it has raised $2.5 million to fund its global expansion. _________________________________ Tel Aviv based music tech startup Revelator has raised…
Desperate For New Label Deals, Spotify Reverses Position And Will Allow Release Windowing [Report]
Spotify is ready to allow new releases to be windowed on its paid Premium service. The music streamer needs new contracts with the major labels before it can move forward with an IPO; and reversing its long and strong anti-windowing policy has reportedly become part of the negotiations, according to…
Amazon Will Launch New Music Streaming Service Next Month [Report]
Amazon is so close to finishing its deal with the major labels that it will launch a competitor to Spotify and Apple Music in September, sources tell the Financial Times. Previous reports have Amazon adding a lower priced $5 tier available only via its Echo speaker/digital assistant combo. Pandora is…
Bruno Mars, Mark Zuckerberg Attended Spotify CEO Daniel Ek’s Wedding This Weekend [PHOTOS]
Spotify CEO Daniel Ek married Sophia Lavender this weekend on the beautiful shores of Lake Como in the Lombardy region of Italy. Facebook CEO Mark Zuckerberg and his wife were guests, and singer Bruno Mars provided the entertainment. Thanks to social media, we’ve got photos. ___________________________________ When the wedding singer…