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Rootmusic Gets $2.3 Million to Help Musicians Build Better Facebook Pages
Source:
HypeBot
(UPDATE) According to a filing with the SEC, RootMusic has recieved a total of $2.3 million in funding to build out its popular application that helps musicians design more robust Facebook pages. The company has not yet named the source of the investment. (Update: Funding came from Mohr Davidow Ventures with David Feinleib. It's BandPage app is now the #1 entertainment and music app on Facebook and the 17th largest overall app.) RootMusic offers both a free and a paid ...
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TrueAnthem Gets $2.9 Million for Ad Supported Music
Source:
HypeBot
San Francisco based trueAnthem has grabbed $2.9 million in first round funding for its online and supported music service according to an SEC filing. It joins Guevara (who hits 160,000 users according to a tweet yesterday) and others in a sector that has seen its share of failures. The startup hopes to help major clients reach key music fans who they see as influencers that can spread brand messaging. A central component of their campaign is a special trueAnthem Social ...
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The Top Paying Gigs in Music, 2010...
Source:
Digital Music News
Forget about Gaga money. Just getting a nice, paying gig in music is a challenge these days, even for well-regarded, capable professionals. But what can you expect to get paid for your specialty?
That is the complicated question that the Berklee Career Development Center recently attempted to answer. The result was a pay scale that traverses performance, writing, business, audio technology, education and music therapy disciplines. And, according to research shared this week, here are some of the top-paying positions, ...
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Live Performances and Music Business Plans
Source:
HypeBot
These past two weeks on Music Think Tank, we concentrated on performances and the music business plan. Matthew Ebel wrote about how live performances should give the same experience as performances in church. Marcus Taylor gave his opinion on why money is bad for your band which led to a debate within the MTT community. Kevin English gave his thoughts on a good music business plan and provided a sample. Bob Baker gave readers an early holiday gift with a free ...
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Yikes: Last.FM Lost $4.4 Million in 2009...
Source:
Digital Music News
Looks like CBS is paying more than $280 million for Last.fm—a lot more. According to paperwork unearthed by Music Ally, the scrobbling boondoggle clocked a sizable £2.84 million ($4.4 million) loss last year. And that follows year-2008 losses of £17.1 million ($26.7 million).
And, this a gift that keeps on taking: net liabilities reached £22.24 million ($34.71 million) last year, though CBS will “make available such funds as are needed," ie, pick up the tab.
Of course, the original founders ...
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Indie Music Stores Report Strong Black Friday Sales
Source:
HypeBot
Black Friday provided a ray of hope for indie music retailers. “Most did well, with many reporting lines of people waiting to get in," said Michael Bunnell, Director of Coalition of Independent Music Stores (CIMS). “We don't see that often anymore." Store Sales Stats: A few stores struggled with bad weather, but most saw increases of 10% to 50% on Friday and 15% to 20% for the weekend, driven in part by exclusive product offerings. Best-sellers at indie stores included ...
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Clever Barometer on Musician Costs
Source:
Ken Franckling's Jazz Notes
So how are today's musicians doing economically compared to past years? Not bad if you take the word of the 2010 PNC Christmas Price Index.® The Wealth Management division of Pittsburgh-based PNC Bank is just out with its 27th annual analysis of the gifts contained in The Twelve Days of Christmas. The survey shows this year's total price tag rose $1,974 to $23,439, a gain of 9.3 percent. One of the biggest factors was the added cost of wages and ...
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How Did Music Do on Black Friday?
Source:
HypeBot
(UPDATED) The music industry got at least a sideways bump on Black Friday as mp3 players remained among the season's most popular gifts. No specific numbers were released, but mp3 players along with video game consoles and computers including tablets were among the top 3 most popular electronic purchases, according to interim results from the Consumer Electronics Association's Black Friday Survey. “The MP3 market is dominated by iPods," according to a CES spokesperson. “And the iPad right now has 95% ...
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