SoundCloud May Have New Equity Deals, YouTube Red Merging with Google Play, SESAC Strikes U.S. Radio Deal
Posted by Glen Sears | July 31, 2017 9:25 am | No Comments
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 didn’t talk timescale or details, but Google has issued its own statement to The Verge confirming that the plans are afoot, following its decision to combine the two services’ teams in February this year.
SESAC Strikes Landmark US Radio Deal. The private US-based licensing organization has reached a new deal with the Radio Music License Committee, which the PRO claims will result in substantially larger rates for its clients that ASCAP’s equivalent agreement.
Pandora Shuts Down In Australia And New Zealand After 5 Years. “We’re honored to have connected so many listeners with the music they love these past few years. Thank you for your loyalty and the opportunity to serve you.”
Facebook Takes Another Big Step Towards The Music Biz With Source3 Buyout. The move is being looked on in many quarters as evidence that Facebook wants to shore up the ability of its Rights Manager platform in order to catch copyright infringing videos on its platform.
ASCAP, BMI Are Building A Joint Song Database. The database, which will be publicly available initially via ASCAP’s and BMI’s websites, will feature aggregated information from both repertories.
ASCAP-BMI Song Database Plan Rollout Questioned. Some industry executives said the nearly two-year-long effort to create a single database is a step in the right direction, but others are disappointed that it omits key data and for now excludes SESAC and Global Music Rights.
PBS CEO Warns Federal Cuts Will Mean ‘A Number’ of Stations Will Shut Down. Many of those stations are in rural and underserved areas, she said, with residents who either don’t have access to cable or satellite or can’t afford it and who rely on over-the-air broadcasting.
Posted by Glen Sears | July 17, 2017 10:04 am | No Comments
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 remuneration. This is a grave injustice and cannot be tolerated any longer.”
Judge Voids Prince $31 Million Universal Music Deal. The request was filed by UMG after the company learned that many of the tracks it had paid for were still under contract with Warner Music Group.
Amazon Is Now The 3rd Biggest Music Subscription Service. Mark Mulligan of MiDIA Research states, “Amazon can now discard its dark horse guise and be revealed for what it is: one of the top streaming music players.”
Facebook Reveals Plans To Negotiate With Existing Digital Music Platforms. “This role will lead Facebook’s strategy and negotiations with digital music services, as well as collaborate with our product, media partnerships and platform partnerships teams to ensure a coordinated and best-in-class approach.”
Warner Music Group Acquires Songkick Concert Discovery App. The surprise deal, which appears motivated by the startups protracted legal battle with Ticketmaster, includes Songkick’s concert discovery app and web site, but not its ticketing business.
SoundCloud Responds Reports Of Impending Insolvency. Soundcloud CEO Alex Ljung responded to a TechCrunch report claiming the company would be insolvent in 50 days, saying “There are a number of inaccuracies within the TechCrunch article.”
Lyor Cohen Details YouTube’s Future Product Plans. YouTube’s Global Head of Music Lyor Cohen sat down with the board of directors of A2IM recently and detailed the video channel’s priorities and product plans for 2017.
Posted by Glen Sears | July 10, 2017 10:25 am | No Comments
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 Laying Off 173 Employees, Does SoundCloud Really Have A ‘Path To Profitability’? According to Music Business Worldwide, in the context of SoundCloud’s recent financial results, it arguably doesn’t seem very realistic.
How Soundcloud Could Transform Deezer’s Market Narrative. Mark Mulligan claims that, despite this shift in its public narrative, Soundcloud remains a uniquely valuable asset in the streaming landscape, one that would give another streaming service a distinct competitive advantage.
Radio Still Has A Wider Weekly Reach Than Smartphones, TV. With all of the press and meteoric growth of streaming, it easy to discount radio, but for sheer monthly reach, nothing beats it, according to a new chart.
Concord Buys Yet Again In Multi-Million Dollar Deal With Warner. Concord has, in the past few weeks, fully acquired a bundle of recorded music rights as part of Warner’s post-Parlophone divestment process, including the Atlantic catalogue of US Grammy-winning singer/songwriter Jewel.
Because Confirms Acquisition Of London Records Catalog. Because stands to acquire some standout London Records catalog from Warner’s post-Parlophone divestment process, including classic albums by the Happy Mondays (like Bummed, pictured), who were originally signed to Factory Records.
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