Nokia’s MixRadio to spin off as independent entity following Microsoft cuts

Microsoft sent the tech world into a tizzy yesterday with the announcement that it will cut 18,000 jobs. A large portion of those jobs will be removed from Nokia, which it acquired in April. That cut includes plans to spin off Nokia’s MixRadio service into a standalone company. MixRadio will need to offer something distinct and valuable for listeners to encourage them to test it out, much less stay around. Continue Reading

Can apps bridge streaming and album sales? Paul McCartney is the latest to test the space

Record sales are a troubling metric for many artists in this increasingly digital world. One approach that’s gaining some traction among musicians is to release albums not just in physical formats or on music-purchasing sites, but as apps for mobile devices. Sir Paul McCartney is the latest to try his hand at the app approach. Continue Reading

Sony puts entire catalog online, positioning for licensing independence

Sony/ATV/EMI announced that its complete catalog of songs is now visible on its website. “As the world’s leading music publisher we want to ensure that existing users, prospective licensees and those with a need to access our extensive song list are provided with that capability,” said Martin Bandier, the company’s chairman. Continue Reading

79

eMarketer expects Pandora to see growth in overall digital ad share, decline in mobile for 2014

Pandora is projected to gain overall digital ad share, but it’s still going to hold less than 1 percent of the market. For the digital space, Pandora is expected to increase from 0.34 share in 2012 to hit 0.52 percent this year. While small growth is expected overall, Pandora is likely to lose ground in mobile ad share. Continue Reading

Geek Wave, the latest high-performance music player, nets $1.3 million on Indiegogo

LH Labs, part of Light Harmonics, completed a crowdfunding campaign to fund creation of the Geek Wave. Although Geek Wave doesn’t have the star power of Pono Music behind it, the LH Labs team still received huge financial support from audiophiles: this “high-performance portable music player” exceeded its initial Indiegogo goal of $38,000 and closed out with $1,323,073 in pledges. Continue Reading

Neil Young takes over as CEO of Pono Music; launch by end of year

On Friday, the team behind new high-rez music ecosystem Pono Music announced that rock legend Neil Young will take on the role of CEO, replacing John Hamm at the helm, with Rick Cohen taking on the role of COO. The new music service is reportedly scheduled to launch by the end of this calendar year, a timeline bump from the original April goal. Continue Reading