Pandora stock dropped for the second trading day in a row on Monday after news that SiriusXM was "unlikely" to buy the music streaming service. As of mid-morning, the stock had fallen almost 6% since opening on Friday to $12.26. ______________________________________ Pandora stock lost almost $150 million in value on…
Category archives: Streaming & Cloud
Ed Sheeran Smashes Streaming Records With 2 New Singles
After a year of no new music, fans pressed play as Ed Sheeran dropped two tracks in Friday. Both songs quickly broke single day streaming records on Spotify globally. _________________________________________ On their first day of release, Ed Sheeran’s two new tracks, "Shape of You" and "Castle on the Hill" streamed…
Obama On Post-Election Plans: "I’m waiting for my job at Spotify"
As President Obama ends his 8 years in office, he’s hinted that he’ll be working to rebuild the Democratic party, bringing more millennials into the fold as activists and candidates. But at a White House event for outgoing U.S. ambassadors, he jokingly shared his aspirations to get a job creating…
Major Labels, Streaming Music Services Endorse Competing Hi-Resolution Audio Formats @CES
High resolution audio, which delivers sound quality comparable to the original master studio recordings, offers an opportunity for both record labels and music streamers to increase revenue if – and it’s a big if – the many stakeholders can settle on a single hi-res format. _______________________________ At CES today, all…
SoundCloud Responds To Cash Crunch Claims
This morning we reported that SoundCloud could run out of cash within months. The news came straight from SoundCloud’s latest financial filings; and at a time when the company is rumored to be in acquisition talks with Google. This afternoon, a SoundCloud spokesperson responded: "SoundCloud filed its 2015 accounts with…
Paid Audio Streaming Gowing 9X Faster Than Ad-Supported To Drive U.S. Music Consumption In 2016
Paid subscription audio streaming grew almost 9 times faster that free ad-supported audio stream last year. That’s encouraging news for a music industry concerned with the revenue that streaming generates. Pandora’s Glenn Peoples breaks down the stats. _________________________________ By Glenn Peoples of Pandora 2016 figures show the U.S. music industry…
SoundCloud Admits It Could Run Out Of Cash Within Months
SoundCloud is closer to financial disaster than previously thought, according to new financial filings. This comes at a time when the streamer, which has supported the careers of many indie musicians, is hoping to sell to a contracting group of potential buyers. _______________________________________ According to a new UK financial filings,…
Merlin Works To Make Independents Equal With Majors On Streaming Services [INTERVIEW]
Charles Caldas discusses Merlin, an organization which works to help the independent label community battle for maximum compensation from digital streaming services like YouTube and Spotify, as well as combat online music piracy. _____________________ Guest Post from Pias Charles Caldas has to be many things to the independent label community…
Spotify’s Top Artists plus Most Streamed and Viral Songs US, UK and Global Week of 1/2/17
Spotify’s Weekly Charts highlight top artists on the streaming platform by listener along with the past week’s most streamed and viral songs in the US, UK and around the world. Spotify Global Top Artists (by Listener) Rank Artist Monthly Listeners – 1 The Weeknd 39.84m – 2 Drake 36.83m –…
Tidal Releases Year End Numbers, Not The Right Ones
Although not exactly a heavy-hitter on the level of Spotify or Apple Music, Tidal has done a good job of staying in the streaming spotlight. With the conclusion of 2016, the service has released some interesting numbers, but also left some key ones out. __________________________ Guest Post by Bobby Owsinski…