Venerable streaming music service 8tracks will close on December 31, SF-based Founder and CEO David Porter announced. This ends an 11-year run of a streaming music service notable for its innovation, loyalty of its contributing users, and unique product. Continue Reading
In a revealing blog post that transparently reveals company financials while explaining economic realities of the music streaming business generally, 8tracks Founder and CEO David Porter has announced that his company has “nearly wrapped our deal with the first of the major labels.” Along with that revelation, Porter says that 8tracks will start its subscription service in the new year. Continue Reading
8tracks, a unique playlisting service that has moved in and out of profitability during the last several years, sent an email to investors yesterday disclosing results of a funding campaign, and announcing an upcoming shift of its business model. 8tracks will move away from ad-supported listening, becoming mainly a subscription service. Continue Reading
Guest columnist David Porter, Founder and CEO of 8tracks, looks back at eight years of developing the platform. It’s a mix of challenges and triumphs. “Internet radio could well become the most ubiquitous form of media mankind has known.” Continue Reading
8tracks moved closer to its Regulation A crowdfunded investment round today, when it opened the round to non-binding reservations. the company hopes to raise $10-million of the $33-million of interest that was expressed during months of testing. Continue Reading
Kickstarter meets Wall Street. Music service 8tracks is filing for a Regulation A securities offering, hoping to raise $5-million or more through a public investment opportunity open to anybody. Required documents will be filed this week. After regulatory review, 8tracks expects the investment round to open by June. Regulation A is a relatively new investment type. 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
8tracks has secured a new cluster of content partnerships, and a new line of debt financing. The newly expanded library helps DJs build playlists more easily, and the financing will go to product and engineering. Continue Reading
Playlist radio service 8tracks is opening its first in-house music library today, in partnership with CD Baby, INgrooves, and indie labels. The initiative promises to streamline playlist-building for 8tracks “DJs,” while tightening its ties with the independent artist community. Continue Reading
Crowdsourced listening platform 8tracks upgraded its web browser interface, pushing new features for both sides of the 8tracks equation — listeners and playlist creators. We spoke with Founder asnd CEO David Porter to understand what’s new. Continue Reading
Last week we covered AudioHQ’s launch as a new audio ad network, partnering with 8tracks as a music-service partner. CEO Matt Cutair told us that his company seeks to facilitate a “middle market” between high-end premium sales and programmatic buying. To follow up on the content side, we spoke to David Porter, founder and CEO of 8tracks. Continue Reading
8tracks, the profitable and uniquely differentiated music platform, has reportedly obtained a funding round of $1.28-million. Investor identity is not disclosed in a Series D form filed with the SEC. that form indicates that the total investment, after a second portion closes, will be worth $1.4-million. Continue Reading