Today was the deadline for Pandora to either secure a buyer or take a $150 million investment from KKR with high interest and difficult terms attached. Now today’s deadline has been extended so that Pandora can "explore interest expressed by a strategic investor." _______________________________________ Today Pandora issued this statement: "Although…
Category archives: Streaming & Cloud
A Guide To Promoting Your Music On Pandora
music, musicians, musician, music business, music industry, music tech, Spotify, Pandora, Apple, Apple Music, Amazon, Google, YouTube, tech
YouTube Takes Down Ariana Grande’s One Love Manchester Benefit Concert On Copyright Grounds
The streaming of Ariana Grande’s One Love Manchester concert on the singer’s YouTube page was shut down by Warner Music Group and Sony Music Entertainment for copyright infringement, despite the event being a benefit for victims of the recent deadly terrorist attack. By Mike Masnick of Techdirt At a time…
It’s D DAY For Pandora: 4 Stats That Should Scare Investors
Today, June 8th, is the day that Pandora must find a buyer or accept a $150 – $250 million investment under difficult terms. With the clock ticking, concerned investors have pushed the stock down to its lowest price this year. As Wall Street and potential new investors KKR and Verizon…
Pandora Sale Deadline Is Today And It’s Stock Is Falling [UPDATED]
[UPDATED] Investors pushed Pandora’s stock (NYSE: P) price down 4% Wednesday to a yearly low of $8.48. The decline came as Pandora reached today’s June 8th self imposed deadline to sell or accept onerous terms on $150 million loan. ________________________________________ UPDATE: Pandora stock fell another 1% in the first minutes…
MIDEM DAY 2: Music Streaming 2.0 • Andy Ng Of China’s Tencent • The EC’s Martine Reicherts • More
Day 2 of Midem 2017 has just wrapped with Andy Ng of Chinese powerhouse Tencent, the European Commission’s Martine Reicherts and streaming 2.0 all high on the day’s agenda recapped in this post from Midem Blog in partnership with Music Ally. __________________________________________ Midem 2017 is now well underway, with first-day…
Murky Licensing Evident As Spotify Settles After Failure To Obtain Mechanical Licenses
The recent conclusion of Melisa Ferrick and David Lowery’s class action lawsuit against Spotify served to highlight the swampy mess that is the world of music licensing today, as well as show that copyright law has done a poor job of adapting to technological advancements in the music industry, writes…
Stem Raises $8 Million To Streamline Payments To Musicians
Music tech startup Stem has closed a Series A round of $8 million to expand its suite of products designed to help artists get paid more seamlessly across digital platforms. The round was led by Aspect Ventures and Evolution Media a partnership between CAA, private-equity firm TPG and Participant Media….
Apple Music’s Bozoma Saint John Becomes Public Face Of Uber, Shares Reasons For Move
Bozoma Saint John, one of Apple Music’s most visible executives, has resigned and joined Uber as its Chief Brand Officer. Saint John had been Pepsi’s head of music and entertainment before joining Beats Music just months prior to Apple buying the music streamer and headphone manufacturer. ________________________________ Before joining Apple…
Stephen Bryan Joins YouTube as Head of Label Relations [OFFICIAL]
We’ve been hearing the rumors for days, and have now confirmed that Stephen Bryan has joined YouTube as Head Of Label Relations. He will report directly to YouTube Global Head Of Music Lyor Cohen. The two worked together at Warner Music prior to Boyd joining SoundCloud in 2014. "At YouTube,…