MediaNet Blog

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

Posted by Glen Sears | August 7, 2017 9:19 am | No Comments

Soundcloud Universal Music Group MediaNet
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 Music Business Worldwide’s deep dive into their numbers, but they still believe “doubts remain over the long-term viability of Spotify’s current model.”

Apple In Talks Over $1B Buyout Of Major Music & Movie Company In India. Eros is the largest movie producer in India, with the music recordings associated with these movies housed under subsidiary Eros Music.

Facebook Is Hiring For A Music Publishing Head In Europe. Facebook’s ad for the EMEA publishing role notes that the successful candidate will also “collaborate with our product and media partnerships teams to ensure a coordinated and best-in-class licensing structure.”

Sony Music Revenue, Operating Income Up Double Digits In First Quarter. Streaming and physical sales rise, digital downloads fall and Harry Styles’ debut album leads the way in the company’s fiscal Q1 report.

Judge Rules KickassTorrents Founder Artem Vaulin Properly Charged. Vaulin is currently in a jail cell in Poland after the 31-year-old was charged last year by U.S. authorities with running one of the world’s most popular places to illegally obtain movies, television shows, songs and video games.

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