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Category archives: Music Tech
‘Apple Digital Masters’ Launches As Apple Music Tests HI-Res Streaming At No Extra Cost
Apple Music has announced the launch of ‘Apple Digital Masters,’ which brings its “Mastered for iTunes” offering into its global streaming catalog. 75% of the Top 100 tracks in the U.S. and 71% of the Top 100 globally offered in the hi-res streaming format. Hi-res tracks across Apple Music have…
LiveXLive Revenue Grows, But Losses Continue
LiveXLive Media, the live music and entertainment streaming service, announced record revenue for Q1 2019, but the startup is still bleeding cash. The company posted revenue of $9.5 million for the quarter, up from $7.6 million in the same period in 2018. LiveXLive attributes the improved revenue to strong subscriber…
Eventbrite Revenue, Ticket Sales Up, But Q2 Losses Widen
Ticketing and event platform Eventbrite announced results for Q2 2019, reporting strong revenue growth for the quarter. Net revenue for the second quarter grew by 19.6% to $80.8 million, which the company says was driven by ticket sales and add-ons that allow event creators to upsell ancillary or premium offerings…
AM BRIEF: Apple Music Unveils ‘Digital Masters’ • Capital Congress • Sonos Losses Narrow • Earbuds • More
THURSDAY 8.8.19
Music Business News From Around The Web
Updated continuously under the More News tab
Why Tencent Wants A Stake in UMG [Mark Mulligan]
Yesterday Vivendi confirmed that it was in talks with Chinese internet giant Tencent to acquire a 10-20% stake in global leader Universal Music Group at a $33.6 billion valuation. MIDiA analyst Mark Mulligan looks at why Tencent might want to invest as much as $6.7 billion in UMG. _______________________________________ By…
The Importance Of Spotify Save Rates, How To Get On Discover Weekly
Here we look at why save rates on Spotify are so important, and how the work to increase your music’s odds of landing on game-changing playlists like Release Radar and Discover Weekly. ___________________________ Guest post by Kieron Donoghue of here.org.uk We all know that getting a song added to an…
‘All In’ Ticket Marketplace TickPick Raises $40 Million
No-fee ticket marketplace TickPick has announced a $40 million investment from PWP Growth Equity in the startup’s first institutional funding round. The investment will allow TickPick to accelerate marketing and business development initiatives and establish a data team to utilize machine learning and artificial intelligence. TickPick expects to surpass $200…
WED. BRIEF: TickPick Raises $40M • Sony Expands Merch Ops • Chuck D Sues reach Global For $1M • More
WEDNESDAY 8.7.19
Music Business News From Around The Web
Updated continuously under the More News tab
Amazon Prime Student Members Get Music Unlimited For $.99 Per Month
The streaming price race to the bottom continues. Following on the heels of new partnership deals and discounts from Spotify and Apple Music, Amazon Prime Student members can now get Amazon Music Unlimited for just $0.99 per month. If the students are new to Amazon Prime. they can also get…