Music video service Vevo is reportedly seeking up to $500 million from new investors. Sources told the Financial Times that the financing would be put toward international expansion, potential acquisitions, and possibly developing new services for mobile and television. Continue Reading
It appears all is not well at CÜR Media. Several months ago, the company was touting a new approach to streaming with a service called CÜR Music that used gated access and social sharing to offer streaming at price points below the $9.99-a-month standard. Now, though, CÜR has reportedly failed to make its quarterly SEC filing. Continue Reading
Spotify is going full-steam ahead with its new video content, launching a documentary about Metallica. The four-part series is called Landmark – Metallica: The Early Years and the first episode is available today. Continue Reading
iHeartRadio announced that it has more than 90 million registered users. The digital service is attracting users at a rapid clip, with the 80 million registered user milestone reached just seven months ago. The “registered users” metric is different from “active users” — a Pandora measurement, and also different from Spotify subscribers which is yet a third gauge of audience size. Continue Reading
Telstra is offering data-free streaming of Apple Music to all its mobile customers. This new feature, along with three-month free subscriptions to three other video entertainment platforms, beginning Aug. 23. Continue Reading
Research company Roy Morgan released a study that found streaming has been taking ground away from traditional music sales in Australia. The data compared the audience for different music outlets in the 12 months to March 2012 with the same period in 2016. Continue Reading
Digital music distribution company TuneCore posted its second-quarter results, which include $44 million earned by its members. That total marked a 24% increase from the same period in 2015, when revenue for artists was $35 million. Continue Reading
Podcast network Wondery is launching its first original scripted series called Secrets, Crimes & Audiotape. The narrative audio series will share both drama and comedy stories centering crime, love, mystery and conspiracy. Continue Reading
Apple Music has added a new partnership with Cash Money Records. The streaming service has been following a strategy of exclusive releases, but this appears to be its first time linking up with an entire label. Continue Reading
In a webinar co-produced with RAIN News on Tuesday, Australia-based Omny Studio announced that an upgrade to its audience measurement technology now includes listening data captured from Apple’s Podcasts app. Matt Saraceni, who presented a wide-ranging webinar about podcast listening metrics, said that POmny’s technology is possibly the first of its kind. Continue Reading
Brief news items and worthy reads from around the web: Spotify exec on data-driven marketing; behind the scenes with Coloring Book’s success; Spotify as SoundCloud suitor? Continue Reading
Sun Broadcast Group has added eight new affiliates to the Shazam for Radio program. The service, which offers branded user experiences for radio stations within the Shazam app, already used by more than 1,000 channels owned by the major radio groups. Continue Reading