Rio Caraeff will step down as CEO of Vevo at the end of 2014. CFO Alan Price will serve as the interim leader for the video hosting service while the company looks for a full-time replacement. Vevo has had a rocky year, and the launch of YouTube Music Key is also a potential risk for Vevo’s business. Continue Reading
A New York judge ruled against Sirius XM’s motion for a summary judgment in a lawsuit filed by the Turtles. The band is seeking $100 million in damages for the satellite radio’s playing its songs from before 1972, when federal copyright laws took effect. It is the latest in a series of state court decisions that challenge a loophole in federal music licensing regulations. Continue Reading
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A six-minute blast of news you need to know in streaming music and online audio. This week: YouTube Music Key finally arrives (partially); iHeartMedia rate proposal; in-car listening preferences; Rhapsody earnings; SoundHound’s new app; Disney goes digital on Slacker; Taylor Swift redux. Continue Reading
Brief news items and worthy reads from around the web: Sales and subscriptions up for Google Music; SoundCloud cofounder on money and mixes; what the world is listening to. Continue Reading
Radio Disney has started its migration into the digital realm thanks to three new stations arriving on Slacker. The new additions are Radio Disney, Radio Disney Junior, and Radio Disney’s Top 30 Countdown. Disney shuttered 23 of its 24 terrestrial stations back in August as preparation for a push into online platforms. Continue Reading
Ad-tech company AdsWizz announced the hire of Paul Brown as VP, European Solutions. Brown leaves Bauer Media, one of the U.K.’s largest radio groups, where he was Digital Development Director. He joined Bauer as part of the acquisition of Absolute Radio in 2013. Continue Reading
Bandcamp has rolled out an artist subscription for all musicians on its platform. CEO Ethan Diamond spoke with The Guardian about the new feature prior to the official announcement at the SF MusicTech Summit. “The whole motivation here is that when you get to a point that you love an artist – when you go from liking them to being a real true fan of theirs – at some point you just want everything they make,” he said. Continue Reading
Rhapsody posted a net loss of $7.97 million in the third quarter, according to the financial results filed by main investor RealNetworks. The streaming platform generated record-high revenue of $44.1 million, up 25% from the previous year’s figures. In the second quarter, Rhapsody’s net loss was about $4.7 million. Continue Reading
Classical music fans in the UK are getting a new option for keeping up with their favorite symphonies and sonatas thanks to Classic FM and Decca. The companies have partnered to launch a classical music streaming service called Composed. The subscription-based model offers streaming based on mood, composer, or curated playlist, according to Music Week. Continue Reading
Intentionally named, The FIX promotes itself as an antidote: “Charleston’s answer to boring radio.” That’s Charleston, South Carolina. If you live around there, you want to know about The FIX for its focus on local bands and events. If you don’t, you want to tune in this pureplay station for the carefully curated alt-rock programming. Continue Reading
iHeartMedia has proposed reducing the royalty rate webcasters pay to artists and labels, cutting the existing rate set for terrestrial webcasters by 80 percent. The suggested royalty amount is less than half of Pandora’s suggested rate, which in turn is about half the rate suggested by SoundExchange, which represents music labels. iHeart’s argument is based on its negotiated deal with Warner Music Group, which provides lower royalty rates in exchange for greater exposure of Warner music. Continue Reading
Several leaders from the music industry spoke last week at the Web Summit in Dublin about the role of streaming for musicians and listeners. One panel included several managers discussing the current environment for music. Jonathan Dickins, who represents popular singer Adele, spoke favorably about the role of streaming. Another panel from the Summit focused on Music and Movies in the 21st Century. At that discussion, U2’s Bono also spoke out in support of a streaming music economy. Continue Reading