Despite the hand-wringing about whether all young listeners have migrated to streaming music, many continue to regularly listen to broadcast radio. A survey from Nielsen estimated that about 65.2 million people in the U.S. aged 18 to 34 years listen to traditional broadcast radio each week.
Beep, backed by David Dolby of Dolby Laboratories, Reddit co-founder Alexis Ohanian and a dozen other technology heavyweights, announced its entry into the wireless home audio market. Yahoo has added music discovery to its Aviate mobile homescreen app. And Pandora, largely known for its free offering, posts surprising growth in its PandoraOne paid service.
Bob "Moz" Moczydlowsky, head of Twitter Music, spoke with Billboard about the company's recent partnership with Lyor Cohen's just-launched 300 Entertainment, what the deal means for the music industry and the social media platform's "need for someone who does A&R."
Shazam Entertainment is reportedly in the process of raising $20 million, a figure that would give the technology company a valuation of half a billion dollars, according to a report in Re/code, citing "sources close to the situation." The London-based company has raised $120 million since its founding in 1999.
Beats Music has rolled out an option for artists on its streaming music platform to promote merchandise, tickets or other forms of commerce, via an integration with Topspin Media. The arrangement fulfills part of a promise made by Beats Co-founder Jimmy Iovine a year ago to help artists connect directly with their fans.