iHeartMedia, the dominant player in US radio broadcasting, has filed a $100 million IPO offering of Class A shares, just as it nears exiting bankruptcy. With 855 stations and numerous digital properties, iHeartMedia estimates a monthly reach of 275 million listeners over the age of 6, outpacing Google (251 million)…
Category archives: Startups & Funding
7 Organizations Committed To The Evolution Of Music Education
As with so much of the music industry, the world of music education is constantly growing and evolving to challenge the status quo. Here we look at seven different organizations that changing who people take on music education for the better. ___________________________ Guest post by Jeremy Young of Soundfly’s Flypaper…
How Fans Are Building A Vibrant Gimme Radio Community
In this piece, Jon Maples explains how the principles and process behind the unique radio streaming app Gimme Radio have given rise to a successful listening platform, home to a vibrant social community. __________________________ By Jon Maples of Gimme Radio from Medium Slack was on fire. Our emergency channel, the…
Tencent Music [NYSE: TME] Stock Fell 11% Wednesday
UPDATE 2: Tencent Music [TME] stock took a hit Wednesday after the streamer’s first post-IPO report to investors included a $127 million quarterly loss. Tencent stock closed Wednesday at $16.66 USD, down $1.91 or 10.29% and fell another 1% in after hours trading. Investors were not happy, even though the…
PledgeMusic Debacle Update [Iain Baker of Jesus Jones]
Iain Baker of Jesus Jones provides an update on his battle with troubled Pledge Music; a debacle which has grown into a full on financial crisis for both artists and fans, with no yet in sight. ___________________________ Guest post by Iain Baker from Music Technology Policy [We’re pleased to provide…
Austin’s Prism Raises $2.2M For Live Music Booking And Management Software
Austin-based music tech startup Prism has raised a $2.2 million seed round. Prism’s software simplifies the booking and management of live music events. Last night, Prism hosted the Annual Music Tech Mashup and is hosting the SXSW Official Live Music Meet-up at Empire Control Room from 4-7PM on Wednesday, March…
Benji Rogers Exits DotBlockhain Media
Serial tech entrepreneur Benji Rogers is exiting DotBlockchain Media, a company he co-founded and severed as Chief Strategy Officer and board member. Rogers says he will focus on consulting work, two new ventures and his volunteer role helping to turnaround with PledgeMusic, which he also co- founded. "I leave our…
Eventbrite Stock Down 30% On Higher Than Expected Loss, Weak Revenue Projections [UPDATE]
UPDATE: Eventbrite shares fell sharply Friday morning, after the company issued a first-quarter revenue outlook below Wall Street expectations. The independent ticketing company predicted first-quarter revenue of $80 million to $84 million, well short of the $91 million analysts polled had forecast. Revenue topped expectations, but it was not enough….
NoiseTrade Continues Serving Artists As Owner PledgeMusic Struggles, President Exits
[UPDATED] Last week, Christopher Moon, developer and President of NoiseTrade announced his resignation: "I recently wrapped up my tenure running NoiseTrade," he wrote in an email. Moon’s departure was the latest in a series of setbacks for the PledgeMusic owned music discovery platform. PledgeMusic acquired NoiseTrade, alongside online performance platform…
Midem Names Midemlab Music Startup Competition Jury, Submission Deadline Nears
International music industry convention Midem has unveiled its jury for this year’s Midemlab music startup competition. Sponsored by Deezer and Recochoku,Midemlab showcases the most promising international music-related startups offering fresh opportunities to the music sector. The competition provides finalists with valuable exposure to industry decision-makers and potential investors. Previous participants…