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“If you’re a business now and you’re only on the PC, you’re going to have some serious problems.” That’s how Spotify founder and CEO Daniel Ek described the biggest challenge facing his company and others in the industry during a one-on-one chat Tuesday at SXSW where he discussed a myriad of topics concerning the music streaming business.
The music industry has lost billions of dollars in revenue over the last decade. Nielsen says the industry can use generated at least a half billion in incremental revenue by allowing fans to better connect with artists.
Today, Vevo is launching Vevo TV, a traditionally programmed, linear broadcast that harkens back to the era of appointment television. Like broadcast TV, Vevo’s new channel features a variety of originally created shows scheduled for specific times of the day. (Vevo's SXSW announcement of the new platform here).
The Marquee nightlife brand is teaming up with venerable Dutch imprint Black Hole Recordings to release a series of music compilations. It’s the first foray into music for the three-venue nightclub chain, which has its eye on international expansion.
PANDORA CTO TOM CONRAD ON THE COMPANY’S PAST, PRESENT AND FUTURE AT SXSW
There was no shortage of news to discuss Tuesday when Pandora CTO Tom Conrad sat down for a one-on-one panel with TechCrunch’s MG Siegler on the last day of SXSW Interactive at the Austin Convention Center.
The most influential songwriter of his time has become the first rock star voted into the elite, century-old American Academy of Arts and Letters, where artists range from Philip Roth to Jasper Johns and categories include music, literature and visual arts.
MSG SELLS ITS LIVE NATION STOCK
The Madison Square Garden Company today announced the sale of all of its approximately 3.9 million shares of Live Nation Entertainment stock, valued at approximately $44 million. The move is not unexpected, following the Feb. 22 resignation of MSG president/CEO James Dolan from the Live Nation board of directors.
CAPITOL CHRISTIAN MUSIC GROUP COMPLETES ACQUISITION OF TOOTH & NAIL'S CATALOG, T&N TO RE-LAUNCH
The Capitol Christian Music Group has completed its acquisition of Christian rock label Tooth & Nail's catalog, as well as the catalogs of the label's imprints, BEC Recordings and Solid State Recordings, it was announced today.
Estefan, perhaps the most iconic Latin diva in the world, will sit with Leila Cobo, Billboard’s Executive Director of Latin Content and Programming, for an in-depth conversation about her new album, her Broadway show, her multiple businesses, and remaining Number 1 on the charts
The Federal Communications Commission on Tuesday approved the merger of T-Mobile USA and MetroPCS Communications Inc., the No. 4 and No. 5 cellphone carriers in the country.
BILLBOARD.BIZ GOOGLE HANGOUT FROM SXSW, WITH TED COHEN, BENJI ROGERS, GLENN PEOPLES, MORE: THURSDAY 3 P.M. ET!
Want to know what’s buzzing biz-wise at SXSW this year? What are the hot startups, companies, people and technologies? Find out at our Google Hangout, right here, on Thursday (March 14) at 3 p.m. ET when we have TAG Strategic’s Ted Cohen, PledgeMusic’s Benji Rogers, Billboard’s own Glenn Peoples and more weighing in from Austin via Google Hangout HERE.
JUSTIN TIMBERLAKE ‘RELEASE PARTY’ TV SHOW TO AIR ON CW, SPONSORED BY TARGET, IHEARTRADIO
The network announced Tuesday that it has scheduled a one-hour special coinciding with the release of Timberlake's third solo effort at 8 p.m. March 19, the same day The 20/20 Experience hits stores. With one of the longest titles, "Target Presents the IHeartRadio Album Release Party With Justin Timberlake," the special will feature performances and interviews with Timberlake.
In January, Amazon was granted a patent on tech related to the resale of digital content and now Apple has filed their own version. Not only are they covering quite a bit of ground with their patents but ReDigi is in court defending its digital resale system while a recent case in Europe supports the idea. This growing momentum means that musicians have to be prepared for the possibility of another hit to music revenue streams. Apple Insider broke the news last week that Apple has filed a patent to facilitate resale of digital content.
Deezer has announced a series of new services based around its APIs to drive more users to its service, including: affiliate marketing program; more social and gaming integration; and the ability to port apps made for the Deezer App Studio into Deezer’s mobile apps for Android and iOS devices. This last point gives Deezer a leg up on Spotify, which has yet to incorporate third-party apps into its mobile platform. Deezer says it currently has 26 million customers, with some 3 million of them paying as of January 2013; Spotify now has 24 million subscribers, 6 million of them paying.
Martin Kierszenbaum has renewed his relationship with Interscope Geffen A&M and will remain in the position of Sr. Executive of A&R for Interscope Records.
Hundreds of unopened Taylor Swift letters addressed to the pop star were found in a Dumpster last weekend, a revelation that has Swift-ly ignited the fury of her devoted fans. Nashville resident Kylee Francescan was throwing out some old newspapers when she discovered the letters in a dumpster outside a local elementary school. ”I didn’t know if they were stolen [or] discarded, so I threw them in a box,” Francescan told Nashville’s News 2 Investigates. “And I’m like, ‘Somebody needs to let Taylor know.’”
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