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RECAP: Pandora Reportedly Open To SiriusXM Deal, IFPI “Investing In Music” Report, Startups Closing Big Funding

Posted by Glen Sears | December 5, 2016 9:26 am | No Comments

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Pandora Shares Spike on Report It’s Open to SiriusXM Deal Talks

Story of the Week
Shares of music-streaming provider Pandora shot up as much as 17% Friday, after CNBC reported the company was open to discussing a sale to satellite-radio service SiriusXM.

Following the CNBC report, Reuters reported that Pandora is not undertaking any new effort to find a buyer, citing an anonymous source. That’s consistent with what Pandora execs said earlier this year, after a New York Times report in February that the company was seeking to sell itself.

According to the CNBC, Pandora has “expressed a willingness to engage” in deal talks with “longtime suitor” SiriusXM, which is majority-owned by John Malone’s Liberty Media. The potential talks between the companies were in “the first inning of the process,” per the report, citing unidentified sources.

Read the full story on Variety

Top Music News Stories

SiriusXM Must Pay Up To $99M In Flo & Eddie Class Action Settlement. The settlement guarantees $25 million payment vs. a 5.5% license for 10 years, which is worth between $45.47 million to $59.2 million, assuming the satelitte streamer plays the other class members at the same play rate as they have in the past.

Record Label A&R Spend Grew By $300m Last Year According to IFPI Report. The figure, along with many others, comes from a new IFPI report “Investing In Music,” co-signed by both the majors and worldwide independent label group WIN.

iHeart Launches Napster-Powered Subscription Service. “Ten times more Americans listen to radio every month than use a subscription service – so the debut of iHeartRadio Plus and iHeartRadio All Access powered by Napster is a unique opportunity to capture these non-music subscribers with an on-demand service built around radio.”

Dubsmash Adds $9.6 Million For Viral Music Video Lip-Sync App. The Berlin-based Dubsmash added $9.6 million in series B funding to expand its viral music video lip-sync app, after having previously raised $6 million.

Music Tech Startup Soundstr Closes $1.1M In Seed Financing. Soundstr’s patent-pending technology offers tracking data to the manner in which venues and businesses pay for the use of music, and songwriters receive royalties.

Warner Music Boss Reportedly Involved In Bid For Publisher Time, Inc. According to sources cited by the New York Post, the trio were offering $18 per share to acquire the media firm, which is a 30% premium on the price the company’s shares were trading at last week.

How Technology Is Powering The Music Industry…In Figures. Midem Blog presents various year-end statistics about the intersection of music and technology, including the massive number of users on QQ Music, “China’s Spotify.”

Our best wishes for a great week! – MediaNet

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RECAP: iHeartMedia Announces On-Demand Streaming, Publishing and Safe Harbors Take Center Stage in U.S. and E.U.

Posted by Glen Sears | September 26, 2016 9:04 am | No Comments

Our October 3rd newsletter mistakenly redirects to this page. You can find the entire “Major Record Labels Sue Over Ripping Audio Tracks from YouTube Videos” here.

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iHeartMedia Announces Plans for Its Entry Into Paid Streaming

Story of the Week
Just a week after Pandora announced the relaunch of its mid-tier streaming product and rough timing for its forthcoming Spotify competitor, iHeartMedia has announced its own plans for the same, set for launch in January, 2017.

iHeartRadio Plus will be a similar product to Pandora Plus, described by the company as “enhancing the radio listening experience.” iHeartRadio All Access will be the company’s on-demand streaming service, set to compete directly with Spotify, Apple Music, Tidal, Rhapsody/Napster, Google Play, and forthcoming services from Pandora and Amazon.

It’s all good news for the record business, which saw significant growth this year for the first time in nearly 20 years thanks to the streaming. iHeart’s announcement is part of a “race to the middle” — offering listeners products at $4.99 per month instead of the now-standard $9.99 in order to capture revenue from more casual fans — and the result will likely be increased growth for the recording industry.

Read the full story on Billboard

Top Music News Stories

Streaming Helps Drive 8.1 Percent Growth in Revenue for U.S. Recording Industry. The biggest growth, which will no doubt receive cheers from labels, was in paid subscriptions which saw the overall subscriber count rise to 18.3 million — double the 9.1 million subscribers counted in the middle of 2015.

Publishing Industry Praises BMI Consent-Decree Decision. “I don’t think even [the DOJ] would want two different rules applying to ASCAP and BMI; that would take an extraordinary level of hostility on their part to force that [dichotomy] on the marketplace.”

Europe Leads The Way With “Safe Harbor” Solution. Although safe harbor laws have done little to help law abiding citizens, and made it easy for conniving entrepreneurs to earn big while hiding DMCA laws, it seems Europe at least is leading the way with a solution to the safe harbor problem.

European Court Rules Wi-Fi Providers Can’t Be Punished For Piracy by Users. The ECJ was ruling on a 2010 German case, where Sony Music sought to hold a shop in Munich liable for some illegal file-sharing that took place via the free wi-fi it provided for its customers.

The Orchard Signs New Chinese Distribution Deal. The agreement will see The Orchard’s catalog made available on Chinese music services including Ali Music, Kugou, Kuwo, NetEase Cloud Music, QQ Music and Baidu Music – the latter of which Taihe merged with in December 2015.

Playlists Have Passed Album Listenership, Says New Study. Based on a May survey of 3,014 U.S. respondents, the report shows that playlists accounted for 31% of total listening time across all demographics, while albums accounted for only 22%.

Facebook Overestimated Key Video Metric for Two Years. Facebook disclosed in a post on its “Advertiser Help Center” that its metric for the average time users spent watching videos was artificially inflated because it was only factoring in video views of more than three seconds.

Our best wishes for a great week! – MediaNet

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Have questions about how Medianet can help your digital music business? Ask us here. Want a topic or insight published on this blog? Ask us here.

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