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Music Industry

Pandora Weighs Sale

Source: HypeBot
February 16, 2016

Pandora, the largest internet radio service in the U.S., has conducted preliminary negotiations with an eye towards selling the company. According to the New York Times, Pandora is working with financial services company Morgan Stanley to meet with potential buyers. Sources told The Times that the talks were in the preliminary stages and may not lead to a sale. A decision to sell the company comes at an inauspicious time for publicly-traded Pandora, which has seen its market value drop ...

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Music Industry

Pandora, Spotify And The Future Of Freemium

Source: HypeBot
February 16, 2016

Although not long ago it was everyone's favorite business model, the growth of freemium based services like Pandora has slowed, causing its financial backers to lose faith, and call into question the viability of freemium in general. By Mark Mulligan of the Music Industry Blog Earlier this week Soundcloud’s financials revealed that the company was hemorrhaging cash (even before it had to start worrying about content license fees). Now news comes that Pandora is working with Morgan Stanley to meet with potential buyers. ...

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Music Industry

Philadelphia Councilman Scraps Live Music Bill Following Outcry From Music Community

Source: HypeBot
February 13, 2016

In a recent victory for Philadelphia's live music scene, city councilman Mark Squilla has opted to withdraw his bill giving local police the opportunity to veto live performances. The decision comes following strong opposition from the community, although the question remains why he attempted to push the bill through in the first place. Guest Post by Nicole Daley on Future Of Music Coalition Philadelphia is known for its vibrant music scene, which runs the gamut from doo wop to hip-hop to funk to electronic ...

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Music Industry

Digital Resale And The Restoration Of Value To The Creative Process

Source: HypeBot
February 13, 2016

This article examines the detrimental fallout from the landmark case of Capitol Records, LLC v. ReDigi, Inc, how it created a music economy where the resale value of digital music is effectively zero, and how blockchain technology might be able to alter consumer behavior to better benefit artists. Guest Post by Bryce Weiner on Zapchain Imagine you spent hundreds of hours pouring all of your love, wealth, time, and effort into an artistic creation, and in the swipe of a pen ...

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Music Industry

David Bowie's Legacy On Copyright: Did He See The Future?

Source: HypeBot
February 13, 2016

While all of David Bowie's predictions about copyright- like its no longer existing- may not have been one hundred percent accurate, he was correct about the panic the copyright industry would experience, causing them to enact policy which is now hurting, rather than incentivizing, the creative economy. Guest Post by Mike Godwin and Zach Graves on Techdirt Amid the steady stream of “hot takes" the past few weeks on the legacy of the late great David Bowie, The Washington Post's ...

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Music Industry

Google's YouTube Acquires BandPage For $8 Million

Source: HypeBot
February 13, 2016

Consolidation within the music tech space continued today, with Google owned YouTube acquiring BandPage, one of the original and most popular direct to fan platforms, for a reported $8 million. BandPage has been acquired by Google owned YouTube for a reported $8 million. That's far less than the $27.6 million raised by the startup since launching in 2009. A deal memo shared with TechCrunch states that preferred stock will be converted into cash, but common stock will be cancelled without payment. All ...

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Music Industry

As Twitter Tumbles, Rumors Of A Switch To Algorithm Based Feeds Are False

Source: HypeBot
February 12, 2016

Twitter stock tumbled yesterday after the company reported slower user growth. This came after a week of consternation among Twitter users after a rumor began to circulate that the service would be switching a Facebookesque newsfeed, where user only see posts deemed popular or relevant to their interests. Guest Post by Bobby Owsinski on Music 3.0 Twitter was in a panic last week as rumors circulated that the service was moving towards an algorithm-based feed that would select which tweets you ...

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Music Industry

Kickstarter Passes 100,000 Funded Projects, 22% Of Them Were Music

Source: HypeBot
February 12, 2016

Despite the growth of music-centered fan funding platforms like PledgeMusic, Kickstarter is still very popular with many musicians. The company announced this week that it has past 100,000 successfully funded projects and released stats that show how musicians are using Kickstarter. Music On Kickstarter By The Numbers Number of successfully funded Music projects — the category with the largest share of projects: 22,133 Number of albums, compositions, or performances that have been nominated for a Grammy — from Rhythm & Blues to Latin Jazz: ...

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