SoundCloud Rescued and Installs New CEO, TIDAL Names New CEO Too, Amazon Eyes U.S. Ticketing

SoundCloud Accepts $170 Million Rescue, Taps New CEO to Replace Alex Ljung. The Raine Group, a boutique merchant bank, joined with the Singapore-based investment company Temasek, in leading a $169.5 million investment round that infuses SoundCloud with much-needed cash, and former Vimeo CEO Kerry Trainor succeeds founder Alex Ljung as chief executive. 3 Things Soundcloud… Continue reading SoundCloud Rescued and Installs New CEO, TIDAL Names New CEO Too, Amazon Eyes U.S. Ticketing

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SoundCloud Speculation Continues, Apple Courting Indian Music Company, Sony Music Has Huge Q1

Could A Major Label Have Rescued Soundcloud? According to MBW, “SoundCloud’s first-on-the-ground relationship with millions of musicians could be of immense strategic A&R value to any large rights-holder interested in being first to frontline signings.” Spotify Is Set To End 2017 With 70M Subscribers And $5B In Revenue. Spotify’s growth rate looks healthy, according to… Continue reading SoundCloud Speculation Continues, Apple Courting Indian Music Company, Sony Music Has Huge Q1

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SoundCloud May Have New Equity Deals, YouTube Red Merging with Google Play, SESAC Strikes U.S. Radio Deal

SoundCloud Nears Deal To Sell Majority Stake To Private Equity Firms. A pair of private equity firms are reportedly close to each taking a separate stake in the unprofitable music streamer that would collectively mean the acquisition of a majority of the company. YouTube Red And Google Play Music To Merge, Says Lyor Cohen. Cohen… Continue reading SoundCloud May Have New Equity Deals, YouTube Red Merging with Google Play, SESAC Strikes U.S. Radio Deal

Spotify and Sony Reach Deal, Amazon Music Grows, Facebook Reveals Music Plans

Spotify Sony Deal Confirmed. The terms include windowing, which would allow the label group to keep some tracks and albums from the music streamer’s free tier for up to two weeks. German Music Publishers Say It’s ‘High Time’ the EU Acted on YouTube. “These online platforms are still not giving creative people reasonable and fair… Continue reading Spotify and Sony Reach Deal, Amazon Music Grows, Facebook Reveals Music Plans

Soundcloud Has A Really Bad Week, Apple and Deezer Show Interest, Concord Grabs ex-Warner Catalog

SoundCloud Lays Off 40 Percent of Staff, Commits to ‘Independent Future’ In a statement on SoundCloud’s blog announcing the move, co-founder and CEO Alex Ljung wrote that the layoffs were due to a long-term desire to achieve profitability through cost reduction and revenue growth, in order to be “in control of SoundCloud’s independent future.” After… Continue reading Soundcloud Has A Really Bad Week, Apple and Deezer Show Interest, Concord Grabs ex-Warner Catalog

Pandora CEO May Be Stepping Down, Apple Music Wants Lower Royalty Payments, TuneCore Nears $1B Revenue

Story of the Week Pandora CEO Tim Westergren May Be Stepping Down, According to a New Report According to Recode, Pandora hasn’t selected a replacement for Westergren, sources say; he will likely stay on at the company he founded 17 years ago until a new CEO is in place. Top Music News Highlights Pandora [P]… Continue reading Pandora CEO May Be Stepping Down, Apple Music Wants Lower Royalty Payments, TuneCore Nears $1B Revenue

YouTube & ASCAP Announce Landmark Data Sharing Agreement, SOCAN Beats Royalty Records, Believe Digital Seeking Sale

Story of the Week YouTube, ASCAP to Share Data in First-Ever Voluntary Deal In what is the performance rights group’s first-ever fully-negotiated, voluntary licensing deal with the decade-old video hub not prompted by a rate-court proceeding, ASCAP will combine its database of 10.5 million musical works with YouTube’s data exchange, a move that ASCAP’s CEO… Continue reading YouTube & ASCAP Announce Landmark Data Sharing Agreement, SOCAN Beats Royalty Records, Believe Digital Seeking Sale

Digest: SiriusXM Buys $480M Stake in Pandora, Pandora Unloads Ticketfly, 3 Takeaways from Midem 2017

Story of the Week SiriusXM to Buy $480M Stake in Pandora Under the terms of the agreement, a subsidiary of SiriusXM will purchase news convertible preferred stock of Pandora, while SiriusXM has already bought $172.5 million of preferred stock representing a stake of 19 percent in Pandora’s, or a 16 percent stake when converted. Other… Continue reading Digest: SiriusXM Buys $480M Stake in Pandora, Pandora Unloads Ticketfly, 3 Takeaways from Midem 2017

Concord Acquires Imagem, Sony Merges Red & The Orchard, MiDIA Releases “State of Streaming” Report

Story of the Week Concord Bicycle Music Acquires Imagem In $600 Million Deal, Sources Say The acquisition of Imagem, first reported by the New York Times, would make Bicycle Music the sixth largest music publisher in the world, Billboard estimates. Other Top Music News Concord’s Imagem Buy Marks The Birth Of A Major Player In… Continue reading Concord Acquires Imagem, Sony Merges Red & The Orchard, MiDIA Releases “State of Streaming” Report

Digest: MiDIA Research Teases Yearly Report, TIDAL Loses 3rd CEO, Spotify Settles

Story of the Week MiDIA Research: Who’s Leading The Streaming Pack? YouTube and Spotify emerge as the leading services with 25.1% and 16.3% WAU (weekly active user) penetration respectively. However, at the other end of the spectrum, Deezer swaps its top half of the table subscriber count ranking for the bottom ranking for WAUs with… Continue reading Digest: MiDIA Research Teases Yearly Report, TIDAL Loses 3rd CEO, Spotify Settles