TuneCore has entered a collaboration with Lyric Financial, a financial services and tech company focused on the music industry. As a result, TuneCore will begin offering U.S.-based clients automated online advances on their future distribution sales revenue. Continue Reading
The British Phonographic Industry reported that the UK music industry saw 5.1% revenue growth in 2016. The year’s performance of £926 million in trade income marks a five-year high. Following the trends we’ve seen for 2016 across many countries, the UK results stemmed from a 61% increase to streaming revenues. Continue Reading
RAIN News received an anonymous tip yesterday informing us that Slacker Radio had reportedly laid off “about half the company.” The email claimed that Slacker’s leadership has been trying to keep the magnitude of the cuts quiet. Continue Reading
Warner Music Group has hired two new people for its digital strategy team. The major label brought on Michael Drexler as its vice president of digital strategy and corporate development. Allan Coye joins as vice president of digital strategy and business development. Continue Reading
Pandora may be on the hunt for a new influx of cash to support its expansion. Claire Atkinson of the New York Post reported that Pandora is looking to work with a private equity firm to obtain more funds. Sources said that Pandora has had talks with firms including Providence Equity Partners, Silver Lake and KKR. Continue Reading
iHeartMedia has hired Donna Pickett as its new EVP of marketing, digital products. She will be tasked with boosting the performance all of the media company’s digital streaming businesses. Continue Reading
David Raphael, president of Public Media Marketing, took the stage at the RAIN Digital Audio Advertising Summit in Chicago to share his knowledge of podcast advertising. “I think there’s a certain level of education we have to do across the board with podcasting,” he told moderator Brian Pollina of the United Stations Radio Network and the crowd at House of Blues. Continue Reading
The RAIN Digital Audio Advertising Summit in Chicago closed with a lively discussion on the state of podcasting. Several luminaries from the field shared their thoughts on the health of the industry, the need for measurement, and whether Apple would continue its dominance. Continue Reading
Big Machine Label Group has unveiled details about Big Machine TV, a full-featured media platform that will host videos, live streams, and other music content. According to the press release announcing the launch, Big Machine is one of the first labels to launch its own streaming platform. Big Machine TV is available now worldwide for laptops, mobile web, and as an Android and Apple mobile app. Continue Reading
The always entertaining duo of Tom Webster, vice president of Edison Research, and John Rosso, president of market development for Triton Digital, teamed up onstage at the RAIN Digital Audio Advertising Summit for a conversation about the highly influential Infinite Dial study. RAIN President Brad Hill guided the discussion. Continue Reading
RAIN’s Digital Audio Advertising Summit in Chicago kicked off with a discussion of creative messaging. Lauren Nagel, Pandora Media’s group creative director, guided an insightful conversation with three experts that touched on topics from brand identity to personalization to machine learning. Continue Reading
IFPI Sweden reported that the nation’s music revenue reached 1.1 billion kronor ($121.9 million) in 2016, up 6.2%. Sweden, home of Spotify, has been a leading country in adoption of streaming, and last year’s results are no exception. Audio streaming secured an 82.3% share of the music industry sales, edging up 8% from its 2015 share. Continue Reading