1. Rhapsody Revenues Rise in Second Quarter

    August 08, 2014 5:32 PM EDT Rhapsody hasn't made its music subscription service profitable, but it's definitely growing. Revenues grew 22.3 percent to $42.4 million in the second quarter, according to figures detailed in the latest earnings release from RealNetworks, which owned about 45 percent of Rhapsody at…

  2. Behind Myspace's Troublesome Second Act

    August 08, 2014 11:16 AM EDT The once formidable site must "continue to shift" strategy. Myspace is trying to achieve what made Steve Jobs and Tina Turner legendary: a successful second act. But the former king of social networks has failed to win over consumers and musicians since its re-launch as a music…

  3. Warner Music Group Sees Revenue Growth After Parlophone Buy, Streaming Strengthens

    August 07, 2014 11:30 AM EDT Digital revenue continued its upward trend, with streaming helping to offset some download losses. Warner Music Group revenue increased 18.9 percent to $788 million in the quarter ended June 30 with the help of its acquisition of Parlophone Label Group and gains from music streaming services.…

  4. Pandora Signs First Direct Label Deal With Merlin

    August 06, 2014 8:30 AM EDT The deal will allow artists and labels a deeper look at Pandora's data on fans -- and have some financial benefits, too. Pandora has established a partnership with independent rights group Merlin that marks the Internet radio company's first direct deal with record labels. Rather…

  5. Rhapsody Hires Ex-Exfm Staff, Schematic Labs Teams

    August 04, 2014 4:29 PM EDT The streaming service is looking to strengthen music discovery for its users. Rhapsody International has announced two moves to help its music service better connect listeners with songs: the acquisition of the Soundtracking app and technology, as well as the team behind the social music app…

  6. 5 Seconds of Summer: 'If Anyone Puts Us Down, We Don’t Care'

    August 04, 2014 9:00 AM EDT They’d rather be known as a baby Blink-182 than a boy band. Music’s sudden sensation hits the road with a No. 1 album, screaming girls and a social media firestorm. It’s not hard to figure out where 5 Seconds of Summer is staying while on tour in Milan: Just follow the screams. Ten floors…

  7. Lollapalooza 2014 Sunday Highlights: Kings of Leon, Skrillex, Chance the Rapper Close Day 3

    August 04, 2014 2:45 AM EDT The rain poured heavily and consistently on the third and final day of Lollapalooza 2014, as downpours turned much of Chicago's Grant Park into a skating rink of sticky mud on Sunday (Aug. 3). The weather was unfortunate, but as the weekend became soggier, the performances turned…

  8. Why Wall Street Loves Live Nation

    August 01, 2014 1:18 PM EDT The booming concert industry, executive turnover at AEG and a little help from Irving Azoff fuel a healthy and diversified business that Wall Street loves. Investors like what they’re seeing from Live Nation. Shares of the world’s biggest concert promoter have risen 21 percent year to date…

  9. LL Cool J & Russell Simmons Visit NYC Jail

    July 31, 2014 7:53 PM EDT A group of young people at a New York City jail complex got some words of encouragement on Thursday from hip-hop mogul Russell Simmons and rapper/actor LL Cool J . The two visited Rikers Island to mark the launch of a national anti-violence program from Simmons' RushCard, a prepaid debit…

  10. Live Nation Revenue Down 1 Percent in Second Quarter

    July 31, 2014 7:17 PM EDT Live Nation revenue declined 1 percent in the second quarter, the company announced Thursday, giving the world's largest concert promoter and ticket seller a rare -- but not unexpected -- hiccup during a period of health in the live event business. Concert revenue declined 2 percent in…

  11. Samsung's Milk Music Joins the Premium Radio Service Race

    July 31, 2014 4:33 PM EDT Samsung has added a premium tier to its streaming service, Milk Music, making it the latest company to roll out an inexpensive, radio-like streaming service. For $3.99 per month, Milk Premium adds offline listening and unlimited song skipping to the regular offering of 200 stations and a…

  12. Guvera Follows Spotify, Others Into Asia

    July 31, 2014 12:11 PM EDT Guvera, an Australia-based music streaming service that's fallen behind its competitors, has considerably expanded its presence in Asia. According to a report at The Next Web , Guvera has expanded to Hong Kong, Malaysia, the Philippines and Singapore. Until it launched in Indonesia in…

  13. Are Investors Losing Patience With Pandora?

    July 29, 2014 1:04 PM EDT While the Internet radio company has grown in many areas, investors are still waiting to see profits. Critics are circling Internet radio company Pandora after shares fell as much as 14.5 percent and closed down 10.3 percent Friday following the company's second-quarter earnings release …

  14. Rhapsody Tops 2 Million Global Subscribers

    July 29, 2014 12:01 AM EDT Rhapsody International, working to stay relevant in a crowded market, announced Tuesday (July 29) it has surpassed 2 million global subscribers to its music streaming services. Rhapsody offers an on-demand music subscription service under the brands Rhapsody and Napster. Included in the…

  15. Apple's Swell Buy Signals a Focus on Personalization

    July 28, 2014 1:25 PM EDT Apple's acquisition of Swell , the developer of a podcast streaming app, is another bet on the value of personalized content.   Swell is to podcasts what Beats Music is to music: a service that delivers a personalized collection of audio content. The Swell app learns from a user's…

  16. Happy 74th Birthday, Billboard Charts!

    July 27, 2014 8:00 AM EDT Seventy-four years ago today, Billboard published its first chart ranking the sales of recorded songs. In the July 27, 1940, issue, the maiden 10-position "National List of Best Selling Retail Records" paved the way for seven decades - and counting - of Billboard's hallmark…

  17. Dept. of Justice Looks to Make Illegal Streaming a Felony

    July 25, 2014 5:01 PM EDT A Department of Justice office told a House Judiciary hearing Thursday he supports a felony penalty for illegal streaming.   Noting the rise of streaming, David Bitkower , Acting Deputy Assistant Attorney General, Criminal Division, said tougher penalties would reflect the reality of today&…

  18. David Byrne Talks Artists' Rights, Spotify & Touring

    July 25, 2014 2:16 PM EDT 'Artists in general can be given more agency regarding what happens to their work,' Byrne tells Billboard. Recording artist, songwriter, label founder, producer, author, actor: David Byrne , 62, has seen the entertainment business from many sides during his four-decade career. Amid…

  19. Cyber Thieves Hacked 1,000 StubHub Accounts, Bought Tickets: Officials

    July 23, 2014 12:05 PM EDT Cyber thieves got into more than 1,000 StubHub customers' accounts and fraudulently bought tickets for events through the online ticket reseller, a law enforcement official and the company said. Arrests were expected in a case that sprawled across international borders, said the official…

  20. Netflix Points a Way Forward for Streaming's Success (Analysis)

    July 22, 2014 5:11 PM EDT How does a streaming company turn a profit? There's one good example: Netflix, which released second-quarter earnings Monday. Netflix is the only publicly traded company that deals almost entirely in the streaming of licensed digital media. Streaming accounted for 85.5% of the company&…

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