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iHeart Media Files For $100M IPO As It Nears Bankruptcy Exit
Source:
HypeBot
iHeartMedia, the dominant player in US radio broadcasting, has filed a $100 million IPO offering of Class A shares, just as it nears exiting bankruptcy. With 855 stations and numerous digital properties, iHeartMedia estimates a monthly reach of 275 million listeners over the age of 6, outpacing Google (251 million) and Facebook (215 million) in terms of digital U.S. audience, as measured by Comscore in February of this year. “We believe our advantage is driven by our unique ability to ...
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Apple Becomes A Media Company, Pivots To Subscriptions [Mark Mulligan]
![Apple Becomes A Media Company, Pivots To Subscriptions [Mark Mulligan]](https://s3.amazonaws.com/allaboutjazz/photos/logo/hypebotlogo2015.jpg){kind=logo}
Source:
HypeBot
As iPhone and hardware sales slowed, Apple has sought new revenue streams; and like it has with Apple Music is shifting to a revenue strategy based more on content and subscriptions. It will be a difficult and expensive journey, says MIDiA analyst Mark Mulligan' that will reshape the entire digital content landscape. By Mark Mulligan from the Music Industry blog Last Tuesday Apple announced its arrival on the world stage as a media company, using the lion’s share of its ...
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Could The King Biscuit Flower Hour Survive Today?
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HypeBot
In this piece Fred Jacobs recalls the era of Album Oriented Rock (AOR) and, more specifically, the 'King Biscuit Flower Hour,' a show which presented original concert programming through until the early '90s. So could the such programming survive today, living as we are in the age of reboots? Guest post by Fred Jacobs of Jacobs Media Strategies Once upon a time there was a radio format called “AOR.” The acronym stood for Album Oriented Rock, and it represented an ...
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Advice To Labels: When Reissuing Vinyl, Take The Extra Step
Source:
HypeBot
The resurgence of vinyl has breathed new life into a number formerly overlooked albums, bringing hitherto forgotten artists out of the woodwork. When it comes to these fresh pressings, however, it's important that labels take the time (and money) to invest in top notch audio quality. Guest post by Larry Jaffee of Making Vinyl The vinyl revival has provided a new lease of life for countless underappreciated albums that originally fell through the cracks. When done right, such reissues are ...
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CD Baby Acquired By Downtown Music
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HypeBot
Downtown Music Holdings has acquired AVL Digital Group and its portfolio of music distribution, rights management and artist services businesses, including CD Baby, AdRev, DashGo and Soundrop. DMH is the company behind Downtown Music Publishing and Songtrust. The deal is estimated to be worth $200 million. In 2018, CD Baby is estimated to have generated $100M in earnings, accounting for almost 1/6th of independent artist revenue globally. CD Baby pioneered distribution for independent artists, first with CDs and then as ...
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Article 13 Copyright Directive Is Approved Ending Safe Harbor For YouTube
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HypeBot
The European Union gave its final approval to the Article 11 and 13 Copyright Directive designed to update copyright law in Europe for the online age. Members of the European Parliament voted 348 in favor and 274 against. Google, YouTube and others in tech say that the rule, which requires a much more stringent policing of infringing content, will limit user generated content stifle creativity. Most major music and media companies strongly disagree and support the legislation. After the vote, Frances ...
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Major Label Signs An Algorithm To A 20 Album Deal
Source:
HypeBot
This is NOT an early April Fools joke. Endel, an app that uses algorithms the company calls predictive mechanics to produce personalized sounds to help you focus and relax, has signed a multi-album deal with Warner Music Group. As part of the deal with WMG's Art Music division, the five first albums part of its Sleep series titled Clear Night, Rainy Night, Cloudy Afternoon, Cloudy Night, and Foggy Morning have been released on Apple Music, Spotify, Google Play, and Deezer. ...
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The Awkward Truth Behind Skip Rates
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HypeBot
With the ubiquity of music access and a lack of any need for patience, the term “skip-rate" has crept into the modern music industry lexicon, and some new data behind why and when consumers are skipping songs (and thereby not generating revenue for the artist) has many in the industry concerned. Guest post by James Shotwell of Haulix Think you have a hit song on your new album? Better make it track one. When you have access to everything all ...
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