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

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

Digest: Soundcloud Loses Two Top Execs, Grammys Recap, Songwriters Threaten To Sue DOJ

Top Story Last Week A Month After Posting Heavy Losses, SoundCloud Loses Two Top Execs The news comes five weeks after the Berlin-based company filed a fiscal report for 2015 showing annual revenues up 21.6% to €21.1m ($22m), but net losses accelerating 30.9% to €51.22m ($52m). SoundCloud’s co-founder Alexander Ljung noted in the filing that… Continue reading Digest: Soundcloud Loses Two Top Execs, Grammys Recap, Songwriters Threaten To Sue DOJ

Digest: Soundcloud Is/Isn’t Running Out of Cash, SESAC Sells to Blackstone (for Maybe A Lot?)

Top Story This Week SoundCloud ‘May Run Out Of Cash This Year’ As It Posts $54M Loss SoundCloud’s losses grew faster than its revenues in 2015 – with the company now admitting that, should its subscription service flop, its funding may run dry this year, according to a new filing at Companies House (UK). “The… Continue reading Digest: Soundcloud Is/Isn’t Running Out of Cash, SESAC Sells to Blackstone (for Maybe A Lot?)

RECAP: GEMA & YouTube Reach Deal, YouTube Red Struggles, Napster & Spotify Expand

GEMA Finally Loosens Its Grip on YouTube in Germany Story of the Week It’s been one of the biggest stand-offs in digital music history – but YouTube and German collection society GEMA have finally reached a licensing agreement. The deal means that scores of previously unlicensed – and therefore previously unavailable – music videos will… Continue reading RECAP: GEMA & YouTube Reach Deal, YouTube Red Struggles, Napster & Spotify Expand

RECAP: MiDiA Research Uncovers Trove of YouTube Intelligence, Guvera Shutters in Australia, WMG & Vevo Close to Deal

Story of the Week MIDiA Takes A Deep Dive Into YouTube As A Music Business MIDiA Research has released a report on YouTube and the video platform’s impact on the music economy. With YouTube commanding a massive audience, but still drawing criticism and skepticism from artists and labels, the report adds much-needed data to explain… Continue reading RECAP: MiDiA Research Uncovers Trove of YouTube Intelligence, Guvera Shutters in Australia, WMG & Vevo Close to Deal

RECAP: Artists Petition Against DMCA, Apple Slams YouTube, TuneCore & SOCAN Deliver Huge Payments

Story of the Week Taylor Swift, Paul McCartney Among 180 Artists Signing Petition For Digital Copyright Reform In an ad that will run Tuesday through Thursday in the Washington DC magazines Politico, The Hill, and Roll Call, 180 performers and songwriters are calling for reform of the Digital Millennium Copyright Act, which regulates copyright online.… Continue reading RECAP: Artists Petition Against DMCA, Apple Slams YouTube, TuneCore & SOCAN Deliver Huge Payments

Recap: IFPI 2016 Global Music Report, Soundcloud Hits Europe, Facebook Tackles ‘Freebooting’

Story of the Week IFPI 2016 Global Music Report: Digital Revenues Surpass Physical for the First Time The global recorded music business reached an important tipping point in 2015: Digital services now account for 45 percent of recorded music revenue and outstripped physical revenue for the first time, according to numbers released Wednesday by the… Continue reading Recap: IFPI 2016 Global Music Report, Soundcloud Hits Europe, Facebook Tackles ‘Freebooting’

Recap: Soundcloud Goes Premium, TIDAL Sues Previous Owner, UMPG Abandons ASCAP

Story of the Week Soundcloud Go Paid Subscription Service Finally Launches in the U.S. The launch comes shortly after SoundCloud reached a licensing deal with Sony Music, the third and final major label to sign on the dotted line, also joining indie agency Merlin and various publishers. Details? The official price for SoundCloud Go will… Continue reading Recap: Soundcloud Goes Premium, TIDAL Sues Previous Owner, UMPG Abandons ASCAP

Recap: Pandora Founder Back as CEO, RIAA Releases 2015 Industry Numbers, YouTube Monetization Explained

Story of the Week Pandora Names Founder Tim Westergren CEO As Part Of Broad Executive Restructuring Brian McAndrews is out and founder Tim Westergren is in, as the CEO of Pandora, effective immediately. The move is part of a broader restructuring at Pandora, aimed at restoring investor confidence and in anticipation of a possible future… Continue reading Recap: Pandora Founder Back as CEO, RIAA Releases 2015 Industry Numbers, YouTube Monetization Explained