Sonos lowers its prices. Online video company Magisto signs a promotional deal with Brad Paisley and looks to do more licensing deals. And San Francisco start-up WillCall lets buyers transfer their electronic ticket purchases to their friends.
As other services continue down the path of giving away more music for free, Beats Music is heading in the opposite direction, betting that people will pay for music if it's marketed and packaged the right way -- just as it did with the headphones market years ago.
Radio is still king. But the places and types of radio that Americans dial into are becoming many and more varied. According to a recent study by Edison Research that was jointly commissioned by Pandora, Spotify and TuneIn, one out of every two online Americans has streamed music over the Internet.
Who says no one invests in music startups? Splice, a music collaboration service that has yet to fully launch, has raised $2.8 million in angel and venture financing from a host of high-profile investors in a seed round led by Union Square Ventures, which has also invested in Turntable.fm.
As revenue streams for the music business continue to diversify and splinter in various directions, distributors and labels large and small have had to adapt, restructuring their organizations to take advantage of burgeoning opportunities on platforms like YouTube and Facebook.
The Orchard, a company that started 16 years ago as an independent record distribution shop on Orchard Street in New York, announced on Oct. 10 it has formed a YouTube multi-channel network, or MCN, with more than 1,000 channels that together accounted for more than 50 billion lifetime views.
Splice, a new service that lets musicians collaborate with songwriting and recording, has raised $2.75 million from a host of high profile investors, including Union Square Ventures, True Ventures, Lerer Ventures, SV Angel, First Round Capital, Code Advisors, David Tisch, Rob Wiesenthal and Seth Goldstein.