[UPDATED] Debt has become an increasingly popular funding mechanism for mid to late stage startups as investors grow tired of sky high valuations and seeing their stake reduced by later equity infusions. Now, Spotify has jumped on the debt financing bandwagon, raising $1 billion under some potentially difficult terms. In…
Tag archives: Business
The Music Industry Told Her She’s ‘On The Wrong Side Of 30’
The first time I heard Terra Naomi was at the Ho Ho Hotel Cafe Holiday bash in 2010. The annual holiday celebration in Hollywood brings together singer/songwriters who are a part of the Hotel Cafe family who get up and play a couple songs each. I was new to LA and the Hotel Cafe was […]
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TIDAL has hit 3m subscribers, adding 2.5m since Jay Z buyout
Firm claims that Kanye West’s latest album was streamed 250m times in 10 daysThe post TIDAL has hit 3m subscribers, adding 2.5m since Jay Z buyout appeared first on Music Business Worldwide.
Faith Evans Announces Posthumous Notorious B.I.G. Album To Be Released In September
Faith Evans says the posthumous collaborative album with her late husband, the Notorious B.I.G., should be coming in September. When Evans first mentioned the album, titled The King & I, in 2014, she compared it to the posthumous duets album between Natalie Cole and Nat King Cole, Unforgettable. In
Members Of Wilco, R.E.M., Yo La Tengo, And Jessica Pratt Team Up For Big Star Tribute Concert
Jeff Tweedy and Pat Sansone of Wilco, R.E.M.’s Mike Mills, Yo La Tengo’s Ira Kaplan, Jessica Pratt, and others are teaming up to perform Big Star’s Third/Sister Lovers on April 27th at Los Angeles’ Alex Theatre. The concert will also feature favorites …
Spotify ready for streaming showdown as it raises $1bn in convertible debt
Expect some big spending from Daniel Ek in the coming monthsThe post Spotify ready for streaming showdown as it raises $1bn in convertible debt appeared first on Music Business Worldwide.
Lil’ Kim Unveils “Lil Kim Season” Mixtape, Features Freestyles Over Drake And Rihanna Songs
Lil’ Kim has released a new mixtape, Lil Kim Season, and it features freestyles over Drake’s “Summer Sixteen” and Rihanna’s “Work.” The mixtape is 10 tracks in total and includes “#Mine” [ft. Kevin Gates]. Lil Kim Season is the follow up to her 2014 mixtape Hard Core 2k14. Check out the
Lil Wayne Is Suing Universal Music And SoundExchange For $40 Million In Unpaid Profits
Lil Wayne is suing Universal Music and SoundExchange for $40 million in damages over unpaid profits Wayne earned for discovering artists such as Drake and Nicki Minaj. Spin reports, “According to the suit, Universal has withheld Wayne’s share of those …
Tidal Hits 3 Million Subscribers and Finally Releases Kanye’s Streaming Numbers
Tidal has hit a recorded 3 million subscribers, which doesn’t even include trial users. The news comes a day before Tidal’s one year anniversary. Of those 3 million subscribers, around half of them are paying $19.99 for the Hi-Fi tier as opposed to $9.99 for the basic tier, at least according to Billboard. That suggests a premium crowd, and […]
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LCD Soundsystem, Grimes, Beck Join Glastonbury 2016, Full Lineup Announced
It had already been announced that Coldplay, Adele, and Muse would be headlining Glastonbury 2016. Today, the rest of the lineup was released and includes a host of all-stars. LCD Soundsystem, Grimes, Beck, PJ Harvey, New Order, Jeff Lynne’s ELO, Dolly…