Vevo has hired Goldman Sachs to help it raise $3-$500 million, according to The Financial Times. The money will fund international expansion, acquisitions and original programming. UMG and Sony each own about 40% of the music-centered digital video service. Related articles Why Taylor Swift Chose Not To Fight YouTube Taylor…
Category archives: Streaming & Cloud
Pandora Nears Launch Of On Demand Streaming Service, Overseas Expansion
Pandora could launch their promised on demand streaming music service as early as next month, according to multiple sources. But with Apple, Spotify, Tidal, Rhapsody, Slacker, Soundcloud, Deezer and others fighting for market share; and Rdio, Guvera and CUR dead or very close to it, Pandora will join a glut…
Music Streamer CÜR On Brink Of Bankruptcy After Raising More Than $15 Million, Stock Falls 54%
CÜR Media, the parent company of unlaunched streaming service CÜR Music is on the brink of bankruptcy, despite raising millions. The CÜR collapse follows the recent $18 million failure of social music service Crowdmix before it had launched and the current flameout at music streamer Guvera. _________________________________________ Former UMGD, CUR…
Apple Music Releases Exclusive New Frank Ocean "Visual" Album
Apple Music is continuing its streak of major exclusive releases with the debut of a Frank Ocean "visual album." As with other streaming exclusives, we’ll be watching to see if Ocean’s fans sign up for Apple Music, try it free for 90 days and opt out or find an unauthorized…
Tunecore Quarterly Payments To Artists Up 24% To $44 Million Driven By Dramatic Streaming Growth
TuneCore payments to artists rose 24% to $44 million last quarter over the same quarter last year. Since TuneCore launched in 2006, their artists have earned $733 million from 36.5 billion downloads and streams. TuneCore independent artists earned $44 million in the second quarter of this year. That’s a 24%…
Streaming Music Business Bigger Than Previously Thought
While many industry analysts have already acknowledged that streaming accounts for a huge percentage of overall music consumption, some of the most popular tracks actually received an even greater number of spins once Pandora was factored into the equation. __________________________ Guest post by Glenn Peoples, Music Insights and Analytics at…
David Gray Releases Unique Dynamic ‘The Best Of’ Album On Spotify
As music consumption shifts to streaming, artists and labels are experimenting with how to use the new medium to release music in different ways. Kayne West remixed and added trax in the first days of his recent Tidal digital release. Drake, DJ Kahled and others each have their own strategies….
Spotify’s Most Viral Tracks US, UK And Globally
These lists represent the most viral tracks on Spotify, based on the number of people who shared it divided by the number who listened to it, from 8/5-11/2016 via Facebook, Tumblr, Twitter and Spotify. SPOTIFY’S MOST VIRAL TRACKS United States 1. Blkkathy, Lemon (Manimal Group) 2. DJ Snake, Let Me…
Apple Music Makes Cash Money "Power Move"
Apple Music certainly does likes exclusives and is willing to open its checkbook to get them. A new deal with hip hop powerhouse Cash Money Records, which will officially begin with a documentary about the label, is the latest in a growing list. _____________________________________ "It’s official… Cash Money makes a…
Live365 Rises From The Deadpool, Small Webcasters Rejoice!
Small webcaster service Live365 will relaunch soon. Details are scarce, but we got this response to an inquiry: "The Live365 assets have been acquired – right now, we’re working on finalizing plans over the next few weeks and will be releasing more information then." Live365 shut down abruptly at the…