Category archives: Music Tech

SiriusXM + Pandora Posts Mixed Numbers

SiriusXM today announced missed Q1 2019 operating and financial results. Total revenue of $1.7 billion increased 27% compared to the prior year with growth driven by the acquisition of Pandora. But the purchase also hit net income driving it down 44% to $162 million. Overall revenues grew 26% with Pandora’s…

Women In The Mix – Roundtable Of Women Music Producers [Video]

A recent study from the USC Annenberg’s Music Coalition revealed that only two percent of producers are women, as well as only three percent of mixers and engineers. In this round table, a variety of some of the industry’s top female producers discuss a plan of action for raising women’s…

PledgeMusic’s Noisetrade Acquired By Paste Media Group [OFFICIAL]

UPDATED: Paste has acquired music and book discovery platform Noisetrade from PledgeMusic. Paste Media Group controls Paste magazine and live music sessions site Daytrotter. Update + Free Music This story has been updated to reflect the official announcement and Paste Media Group’s status as an independent company. Also, from the…

THU. BRIEF: SiriusXM + Pandora = Mixed Results • New Spotify India Troubles • MLC Groups Duel • More

THURSDAY 4.25.19
Music Business News From Around The Web
Updated continuously under the More News tab

Has Spotify Regained #1 Spot In US Subscriptions?

Last month the headline was that Apple Music had unofficially surpassed Spotify in U.S. paid subscribers. But new data suggests that Spotify may have pulled ahead in this neck and neck race for streaming supremacy. Consumer Intelligence Research Partners (CIRP) has released a research report estimating that Spotify added 3…

Snapchat Is Back (Sort Of) But investor Still Aren’t Happy

Snapchat’s user base is finally growing again, though not dramatically enough for investors. The social channel added 4 million daily active users last quarter, marking its first gain in a year. Snapchat now has 190 million DAUs, up from 186 million at the end of 2018. That was also 3…

Pandora Set To Launch Interactive Voice Ads

A fundamental part of the music business, advertising’s latest evolution is arriving at Pandora in the form of interactive voice ads, built in partnership with Instreamatic around AI tech and with an alleged ability to understand listeners’ speech beyond simple "yes" and "no" commands. ________________________________ Guest post by Bobby Owsinski…

Remix Hits Opens Stem Marketplace, Partners With Sony To Offer Iconic Songs

Nashville based Remix Hits has launched a hit song stem marketplace offering producers iconic songs in the form of an affordable remix-focused ‘Kontakt’ stem instrument dubbed ReleaseTM. The first wave of available song packs includes classic hits from Sony Music, including: TLC’s No Scrubs, The Outfield’s Your Love, The Guess…

Twitter Stock ↑15.7% Tues. On Strong Revenue Growth, Mixed Monthly User Stats

UPDATE: The last monthly user stats that Twitter says it will ever share showed a social media channel struggling to grow. Twitter added monthly users for the first time in a year – 330 million monthly users vs. 321 million in the previous quarter. But that’s still lower than the…