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Neil Young's Pono Kickstarter Campaign Passes $1.3 Million in One Day
Neil Young's campaign to fund high quality music player and download store Pono went live on Kickstarter on Tuesday. By the next morning it had surpasses it's $800,000 goal, raising $1.35 million in 24 hours. Pono will play FLAC files with bit rates up to 9216 kbps, and the campaign has pledge levels ranging from $5 to $5000. A $200 ...
Rdio to Exit Echo Nest After Spotify Acquisition, New Data Competitors Emerge
Streaming music service Rdio will stop using the music intelligence services of The Echo Nest since it has been acquired by Spotify. Sharing data with its competitor was the primary reason cited for the move by Rdio CEO Anthony Bay in an interview on CNBC. “As far as we are concerned, they were a good ...
Michael Dell Takes $25 Million Stake in Kobalt Music
(UPDATED) Computer titan Michael Dell’s private investment firm, MSD Capital, has taken a 9.9% stake in music publisher Kobalt. Kobalt has been a leader in using new technologies to collect new and far flung royalty streams. MSD reportedly paid about $25 million for the stake, sources tell the WSJ. The full press release: NEW YORK, LOS ...
Spotify Paid $100 Million for the Echo Nest Plus Industry Reactions
Spotify paid $100-$125 million to acquire The Echo Nest with up to 90% of the figure being equity in Spotify, sources tell TechCrunch. Based on the higher valuation, sources peg $15 million split between founders Brian Whitman and Tristan Jehan, and CEO Jim Lucchese, $20 million for employee cash earn outs over 4 years for 70 others ...
Artist vs. Entrepreneur: The Diagnosis
If you missed Training #1 in the series, go and complete Starving Artists Syndrome here, first. If you would like to have ALL the training modules in this series delivered to you automatically-without it getting lost in the sauce, go get the full Modern Artists State of the Union: 2014, while it's still free. Many years ...
Spotify Acquires the Echo Nest, Music Data Provider for Rdio, iHeart Radio and More
Spotify is acquiring music intelligence provider, The Echo Nest. The music streamer says that the deal allows them “leverage The Echo Nest’s in depth musical understanding and tools for curation." But The Echo Nest already feeds music data to Spotify along with Rdio, iHeart Radio and many other competitors who are likely a bit nervous today ...
Zoe Keating Puts Her Revenue Figures into Perspective
Last week Hypebot shared an initial response to Zoë Keating's most recent release of digital music revenue which tends to spark online discussion related to digital music and the careers of musicians. Keating responded with some clarifying emails regarding the larger discussion and agreed to let Hypebot share her discussion of the context for her download ...
PledgeMusic's Site Redesign Reveals Potential for Much Bigger Moves
Over the weekend PledgeMusic rolled out a site redesign featuring a more open and inviting look than the previous design. With a backend overhaul next on their list, one begins to see a much bigger company coming into possible view. Last week I spoke a bit with PledgeMusic President Benji Rogers about the redesign and upcoming ...
Sell Your Act with Music "Metrics That Really Matter"
In an age when social proof is taken seriously at all levels of the game, with Likes and Follows serving as a proxy for caring and support, it's important that musicians market themsevlves with “metrics that really matter." This topic was part of a larger discussion at DJ TechTools regarding the best way to respond to ...
