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Pandora’s Groundbreaking, Spendy Acquisition of Ticketfly, and last week’s Top News

Posted by Glen Sears | October 12, 2015 12:24 pm | No Comments

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Story of the Week

Pandora Buys Ticketfly for $450 Million
Pandora’s acquisition of ticketing company Ticketfly, announced today, marks a seismic shift in the way digital music companies serve artists. While artists and labels continue to publicly debate streaming royalties and harbor great uncertainty about their future, the leading Internet radio service made a move that will strengthen the link between listening and live events, and provide a potential financial boon for artists. Rights holders will still push for higher royalties, but artists will push for tools that help their careers in other ways.

Artists stand to win big, as they seek ways to leverage streaming services in order to reach fans new and old. They will eventually be able to tap into Pandora’s 80 million monthly listeners, nearly all of them in the United States, creating a bridge between listening — which currently results in a 0.14-cents royalty per ad-supported stream — and the live events that can account for the majority of an artist’s revenue. Whereas most promotional channels are expensive, Pandora provides a direct path, free of charge, to the fans most likely to buy concert tickets.

Read More on Billboard: http://bit.ly/1G1IgN7

Top Stories

Copyright Judges Approve Public Radio Pay to SoundExchange – As a result of the settlement, NPR, American Public Media, Public Radio International, Public Radio Exchange and up to 530 originating public radio stations as named by Corporation for Public Broadcasting will pay $2.8 million annually, divided into in 5 installments, through 2019. Read More

Aurous, the Popcorn Time for Music, Is Now Live – “It has been a long time coming, but Aurous has been released for alpha testing on Windows, Mac, and Linux. Enjoy music how you want to for free.” Read More

25 Percent of Instagram’s Top Accounts Are Music-Related – According to Instagram CEO Kevin Systrom, music has become a very important aspect of the photo-intensive app, which is exactly what’s happened on other social networks like Twitter, Facebook, and Vine. Read More

New California Law Extends Privacy Rights to Electronic Data – California now requires police to get a court order before they can search messages, photos and other digital data stored on phones or company servers in the nation’s most-populous state. Read More

Apple Music: We Won’t Play Free Music “Shell Game… Building An Audience On The Back Of The Artists” – According to senior exec Jimmy Iovine, Apple Music has no intention of “building an audience on the back of the artists” by offering a free ad supported music option as Spotify does. Read More

Deadmau5 Ditches Universal, Goes Indie With Kobalt – The masked Canadian producer, who rode the EDM boom up to the ranks of its top earners — reportedly commanding upward of $500,000 per show and raking in an estimated $15 million in 2014 — is bringing his recordings, publishing and Mau5trap label to Kobalt, the upstart ­independent publishing and music-rights platform that counts Trent Reznor, Dave Grohl, Paul McCartney and Skrillex among its clients. Read More

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