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Sony Music Faces Lawsuit For Under-Reporting Streaming Revenue
Source:
HypeBot
Just in case you didn't feel like the music industry was a litigious enough space, the estate of 60s era pop star Ricky Nelson has open a whole new can of legal worms by filing a class action lawsuit against Sony Music over its alleged failure to properly report streaming of the late artist's music. Guest post by Bobby Owsinski of Music 3.0 Here’s one to keep an eye on as it can open up a whole new set of ...
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Pandora, Soundcloud Partner For US Ad Sales
Source:
HypeBot
SoundCloud today announced a partnership that makes Pandora its exclusive U.S. advertising and sales representative starting next year. The two streamers reach an ad audience of more than 100 million, creating the largest digital audio advertising marketplace in the U.S. There is reportedly only a 13% overlap in audiences between the two streamers. The new agreement will enable advertisers and brands to purchase SoundCloud’s U.S. ad inventory directly through Pandora, leveraging the company’s direct sales capabilities, targeting data ...
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Can Airbnb Concerts And Sofar Sounds Revolutionize The Live Concert Industry?
Source:
HypeBot
After establishing itself as a huge success in the travel industry, Airbnb is now looking at expanding its services into the live music space by partnering with Sofar Sounds to offer guests “Music Experiences". Guest post by Chi Zhan from the Berklee College of Music: Music Business Journal Airbnb ConcertsFounded in 2008 in San Francisco, Airbnb has gone from three air mattresses and broke roommates to a company valued at more than $30 billion. Having changed the way people travel, which led ...
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Music's Urgency Of Inclusion
Source:
HypeBot
While gender diversity is a pervasive problem across almost all industries, a new study has highlighted just how bad of problem this is in the music industry in particular. Here a close examination of music business stats and recent Grammy wins reveals the troubling reality of gender inequality in the music world. Guest post by Megan McGarry from the Berklee College Of Music: Music Business Journal Gender diversity in the entertainment industry has recently been a heavily discussed topic. As these ...
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Beware: Greg Maffei Is Now Music's Most Powerful Executive
Source:
HypeBot
Move over Daniel Ek and Lucian Grainge, Greg Maffei is now the most powerful executive in the music industry. Maffei is the president and CEO of Liberty Media, Chairman of Live Nation Entertainment and Chairman of SiriusXM, which yesterday acquired Pandora. If that's not enough to make Maffei music's new king, Liberty Media also controls 71% of SiriusXM and 34% of Live Nation stock. The potential for synergies, marketing partnerships and even new deals between Liberty's many entertainment related holdings ...
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Shazam Removes Ads As Apple Completes Acquisition
Source:
HypeBot
Apple announced that it has completed its acquisition of music recognition app Shazam which is used by hundreds of millions globally. Along with the acquisition, Apple will make the app ad free. Shazam has been downloaded over 1 billion times and users identify songs using the Shazam app over 20 million times daily. “Apple and Shazam have a long history together. Shazam was one of the first apps available when we launched the App Store and has become a favorite ...
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Spotify, Nielsen Deal May Mean More Money For Artists
Source:
HypeBot
One of the most valuable types of data for artists and labels is demographic information on exactly who is listening to their music. This is why a new deal being struck between Spotify and Nielsen Research could have implications for not just advertisers, but also artists. Guest post by Bobby Owsinski of Music 3.0 One of the things that’s most valuable to artists, management and labels is the demographic information of exactly who is listening. In these days of targeted ...
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Quincy Jones Joins Jammcard $1M Funding Round To Expand 'LinkedIn For Musicians'
Source:
HypeBot
Quincy Jones has led a $1 million seed funding round in music tech startup Jammcard. The music industry professionals network has been called the “LinkedIn for musicians" by Forbes. Jammcard connects the music community via an invite-only social network for vetted pros and exclusive, members-only events. The app is credited with assembling live bands for Gwen Stefani, Zedd, Maren Morris, PARTYNEXTDOOR, Jason Derulo and Grace VanderWaal. In addition, Jammcard curates a signature monthly live event called the JammJam, which have ...
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