Rumor Fact(ory): Facebook may be testing the music industry waters

Facebook has allegedly had early discussions about working with the major music labels. According to a report by The Verge, the social network has expressed an interest in getting involved with the music industry, but it is still unsure what form that interest might take. It has reportedly spoken with Sony Music Entertainment, Universal Music Group, and Warner Music Group. Continue Reading

Nielsen Music 360 data sheds more light on music spending habits

Tatiana Simonian, a vice president at Nielsen, gave a presentation at the EDMbiz conference. During the talk, she shared two slides from the Nielsen Music 360 report with data about the industry. The Nielsen data asked its survey respondents who said they paid for streaming which services they spent on. The results showed a larger percentage of paying customers at Pandora One and Spotify, where 33% and 32%, respectively, currently subscribe to the service. Continue Reading