After several months of speculation, SFX Entertainment has declared Chapter 11 bankruptcy. The electronic music company is seeking a debt-for-equity swap with its bondhonders in order to remove $300 million of debt from its balance sheet. Continue Reading
Sony Music’s Q4 financial results broke out the numbers by format and revealed a big role for streaming. Digital secured a 43% portion of the company’s music income, with streaming at 24% outperforming download revenues at 19%. Continue Reading
Triton Digital announced this morning that NPR has selected Triton’s Tap Podcast platform for monetization of NPR podcasts. The deal offers advertisers flexible ways to plan campaigns targeted to NPR’s on-demand podcast listeners. We spoke with Dominick Milano of Triton Digital about how it all works. Continue Reading
SoundExchange released its digital radio report for Q4 2015, a publication marking growth for both the quarter and the year. The company’s royalty quarterly distributions increased 16% over the year-ago period to $211.4 million. Continue Reading
As forewarned, the venerable webcasting platform Live365 came to an end tonight. The abrupt collapse of a pioneer in online radio is connected to the five-year cycle of music licensing royalties. The webcast landscape has been thinned of its vigor, entrepreneurism, and musical diversity. Continue Reading
This open letter is from Bill Goldsmith, Founder and Owner of Radio Paradise, one of the most venerable and recognized Internet radio stations. It is an appeal to David Byrne, as a board member of SoundExchange, to renew royalty protections that have enabled small webcasting for the past six years. Continue Reading
Weekends were invented for catching up on new podcasts. We’ll check the historical accuracy of that statement, and in the meantime we present new and almost-new shows for your consideration. Happy Friday. Continue Reading
8tracks, the popular crowdsourced listening platform is testing a regulated crowdfunding idea that could result in a widely distributed venture capital round and an influx of millions of dollars for business development. We spoke to David Porter, 8tracks Founder and CEO, to get details. Continue Reading
After launching in October, Spotify has continued adding to its roster of In Residence shows. These playlists bring a new content approach to the streaming service, one that sounds more like a podcast or a radio show. Now that Spotify is also finally beginning the rollout of its long-awaited video options, it appears that the company is positioning itself as an entertainment hub for more than just on-demand music. Continue Reading
The last time we saw a big move from Shazam, the company had added visual recognition to its feature list. Now, it’s mixing that visual component with its history as an audio tool for an experiment in music distribution. Continue Reading
A German court has ruled in support of the safe harbor rules that protect YouTube against legal infringements made by its members. The Higher Regional Court Munich has decided that copyright infringements are the responsibility of the people who upload the offending material, not with YouTube as the hosting platform. Continue Reading
EDM specialist Beatport has added a new version of its service specifically for The Netherlands. The core Beatport is still available in 220 nations, but this new iteration translates the entire site into Dutch, while also featuring more local artists and news. Continue Reading