Leading webcaster (and public company) Pandora plans to sell 10 million more shares of stock as a “follow on” offering, to raise $279 million for “general corporate purposes.” The company’s biggest investor shareholder, Crosslink Capital, also plans to sell 4… Continue Reading
The long-awaited Internet radio play from Apple, iTunes Radio, officially goes public tomorrow with the release of the company’s latest mobile operating system, iOS 7. Never before has the launch of an Internet radio streaming service been so anticipated, and perhaps… Continue Reading
(from earlier today:) Welcome to Florida, for RAIN Summit Orlando. Kurt Hanson, Jennifer Lane, and Brad Hill of (the newly-christened) RAIN Enterprises welcome you to Orlando’s Rosen Shingle Creek Resort for today’s event. We hope you find it interesting and… Continue Reading
RAIN Summit Orlando takes place tomorrow, September 17, at the Rosen Shingle Creek Resort, from noon to 5:30. The day will conclude with the ever-popular RAIN Reader Cocktail party. Registration remains open for what is the preeminent educational and networking… Continue Reading
Major broadcast radio group Cumulus and online subscription streaming service Rdio have forged a deal that gives Cumulus a significant online outlet, and not only affords Rdio access to the broadcaster’s music programming, but allows it to launch a free,… Continue Reading
RAIN Publications and RAIN Summits are merging to create a new company which will offer news, conference events, and more to the dynamic and rapidly-growing Internet radio and online audio industries. The new venture, RAIN Enterprises, will include a revamped… Continue Reading
Long-time AccuRadio program director Paul Maloney has been promoted to the full-time position of Executive Vice President/Programming, AccuRadio CEO Kurt Hanson and COO John Gehron announced today. “For the past 13 years, Paul has skillfully managed one of the toughest… Continue Reading
Entrepreneur Jeff Yasuda — of Blip.fm and “people-powered” online radio Fuzz fame — has launched a new company with the aim of taking “all the complication out of music licensing” for webcasters, online retailers, and more. Feed.fm (we last reported… Continue Reading
Yesterday the nation’s largest radio broadcaster announced a deal with one of the big-three label groups to pay for the on-air use of sound recordings (see our coverage here). The Clear Channel/Warner Music Group agreement isn’t the first, but it’s… Continue Reading
Being a first-mover can be dangerous. No music service is more aware of the perils of pioneering than Rhapsody, the subscription listening platform that has been operating since 2001. CEO Jon Irwin, in his RAIN Summit West 2013 keynote, remarked:… Continue Reading
Swedish audio component makers Pause Ljud & Bild, reports Digital Trends, have created product called the CataCombo Sound System — that pumps your favorite Spotify playlist into your casket! The system is powered by a two-way speaker system and 2.5… Continue Reading
Yesterday major record companies Sony, Universal, and Warner, along with smaller group ABKCO, filed copyright suit against satellite radio operator SiriusXM, alleging unauthorized use of pre-1972 sound recordings. Late last month SoundExchange, the record industry administrator of digital sound recording… Continue Reading