Spotify
Obtains $200 Million Credit Line In Advance of Possible IPO
Spotify,
one of the world's largest music music subscription
services, has obtained a $200 million credit facility from
lenders which may indicate an initial public stock offering
is in the works, according to a report in
the Financial Times. The credit was financed at
the end of last year by Morgan Stanley, Credit Suisse,
Deutsche Bank and Goldman Sachs.
Samsung
Launches Mobile Radio Service Milk Music
Samsung
on Friday (March 7) became the latest entrant into the
highly active streaming-music category with the introduction
of Milk Music, an ad-free radio service distributed
exclusively on Galaxy devices for the U.S.
The
Top 1% of Artists Earn 77% of Recorded Music Income, Study
Finds
“This
is not a Pareto’s Law type 80/20
distribution but something much more dramatic: the top 1%
account for 77% of all artist recorded music income.”
A
division of Concord Music Group, Rounder has moved
to Pine Street in the Gulch district. President John
Virant and A&R VP Scott Billington are among
those making the move.
Spotify’s
Official Artist-In-Residence Explains His Vision
Over
the past year there has been a shift in artist perception
about Spotify. It’s now not cool to hate it anymore.
“If
there’s anyone who should be afraid of streaming, it’s
me. Instead, I’m watching my fanbase grow
exponentially.” – Ron Pope, Independent musician
Disney,
Dish Strike Deal to Facilitate Internet-Delivered TV
Dish
Network and Disney have reached a landmark deal that
envisions the day when Dish will offer a Netflix-like
TV service to people who'd rather stream TV over the
Internet than put a satellite receiver on their
roof.
Is
Pandora #1 In 28 Markets?
PANDORA
is aggressively marketing itself to advertisers in many
local U.S markets -- and in an interview with
NETNEWSCHECK.COM -- Chief Revenue Officer JOHN TRIMBLE says
the webcaster plans
Why
Withholding Music From Spotify Only Hurts You
Artists
using Spotify as a promotional tool are missing out on
attracting the die hard fans. The fans that don’t use
iTunes anymore, but will buy your vinyl and t-shirt at your
concert. The fans that will support your PledgeMusic
campaign. The fans that will share your YouTube video to
their Facebook page.
Now
You Know Everything About Music Publishing
Earning
a living from art. It’s what every artist wants.
But it can be hard, particularly for musicians. The
competition is fierce, the supply of music is huge and the
barrier of entry at an all time low, especially for electronic
music. Younger generations only stream and pirate, and
physical sales are declining. Only the most successful
acts are able to make ends meet through just record sales.
Sony/ATV
CEO Martin Bandier Calls for Change in Oscar Best Song
Category
