Red hot fitness equipment and service provider Peloton today announced its first-ever acquisition with the purchase of Neurotic Media. The Atlanta-based music tech startup. Terms of the deal were not disclosed. Founded in 2001 by music industry veteran Shachar “Shac” Oren, Nerotic’s B2B music platform will enable Peloton to provide…
Category archives: Startups & Funding
BookMyShow Plots To International Expansion
Online entertainment ticketing platform BookMyShow, which handles movie ticketing in India, says it will look to scale its non-movie business over the next two years. “About 30% of our revenues currently come from the non-movie ticketing segment. We intend to grow this to 50% by 2020,” Albert Almeida, COO –…
Two More Spotify Execs Exit, At Least One For Apple Music
Two respected executives at Spotify are exiting the music streamer, and at least one is headed for Apple Music. The pair join a handful of others in what could be a growing trend, as Spotify staffers cash out stock options and are lured by lucrative offers in an increasingly competition…
PledgeMusic Falls Behind In Paying Artists, Promises Fix
[UPDATED] PledgeMusic has fallen behind on payments to artists that have completed their crowdfunding and pre-release campaigns. The music crowdfunding and e-commerce site boasts that more than 3.4 million fans and 50,000 artists ranging from new to platinum selling use the platform. In multiple conversations with artists, managers and music…
Why Startups Should Be Included In Music Modernization Act
Adding to the already intense level of criticism being levied at the Music Modernization Act, this piece from Chris Castle delves into the legislation’s failure to properly include startups, and why they should be more present in the legislative process and the act itself. _______________________________ By Chris Castle of musictech.solutions…
Patreon Acquires Kit To Add Merch To Subscriptions
Patreon has acquired merchandise logistics startup Kit to create to add swag to its fan-to-creator patronage platform and build "a simpler way to fulfill automated ‘merch for membership’. Details of the Patreon deal were not disclosed, but Kit had raised $2.5 million in 2016 from investors including Social Capital, Expa,…
Patreon Acquires Kit To Add Merch To Subscriptions
Patreon has acquired merchandise logistics startup Kit to create to add swag to its fan-to-creator patronage platform and build "a simpler way to fulfill automated ‘merch for membership’. Details of the Patreon deal were not disclosed, but Kit had raised $2.5 million in 2016 from investors including Social Capital, Expa,…
Spotify Is ‘Cash Flow Positive,’ says CEO Ek, Admits Hate Policy Handled Badly
Spotify CEO Daniel EK has now publicly admitted that the company handled the implementation of its new "hate content and hateful conduct" policy badly. More surprising was how the founder and CEO says that he views profitability at the music streamer. Though intended to offer transparency, Spotify’s new "hateful conduct"…
How We Crowdfunded 18K With No Experience, Fans [Part 5]
In this fifth and final piece of a five part series, Justina Grayman shares her experience running a successful crowdfunding campaign, and outlines what others considering embarking on a similar journey should keep in mind. In this final piece she details process of actually rolling out the completed project. ___________________________…
Pandora Adds $15 Family Plan, Completes AdsWizz Acquisition
Pandora has added an ad-free Premium family plan that includes up to 6 unique accounts for $14.99 per month. The plan closely mirrors similar plans and pricing from competitors Apple Music and Spotify. Pandora’s Family Plan is part of the music streamer’s ongoing effort to convert more if its 80…