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Pandora's gains in its most recent fiscal quarter were helped by an increase in subscribers that stemmed from the listening caps the company placed on mobile listening in March. The company added over 700,000 net new subscribers to its Pandora One, ad-free service in the quarter, a 114% increase year-over-year.
Sony Corp will issue $1.5 billion in five-year bonds June 19 to ordinary Japanese investors, the company said Friday. Of that, $1.1 billion is earmarked for paying down existing debt, with the rest used for capital investment.
Daft Punk makes a leap on the Social 50 tally, rising 38-5 and breaking the top five for the first time. The French dance duo made its just-released album, "Random Access Memories" (May 21), available for streaming in the iTunes Store on Monday, May 13.
KID ROCK, ROLLING STONES, TICKETMASTER'S JARED SMITH ON SCALPING, SUMMER TOURS
Kid Rock's discount ticket pricing is leading a change in tours where scalpers play a major role as the marketplace for secondary sources for tickets continues to grow, especially in a summer when key acts like The Rolling Stones, Beyonce, Paul McCartney, Taylor Swift, Justin Timberlake and Jay-Z are on the road. "If I see a scalper, I'll scalp him," the Rolling Stones' Keith Richards said, laughing.
Caroline distribution and label services operation has signed ATO Records to a U.S. distribution agreement. ATO (According To Our Records), founded by Dave Matthews and manager Coran Capshaw, has a roster that includes My Morning Jacket, Alabama Shakes, Rodrigo Y Gabriela, Allen Stone, Drive-By Truckers, Primus, and Old Crow Medicine Show.
Mary J. Blige and her husband have been hit with a $3.4 million tax lien in New Jersey. Court documents show the Internal Revenue Service filed a notice of a lien on the nine-time Grammy Award winner Feb. 7. That was two days before the Queen of Hip-Hop Soul was honored at a pre-Grammy party in Los Angeles.
EXCLUSIVE: TERRIBLE RECORDS, XL RECORDINGS SIGN JOINT VENTURE DEAL FOR SELECT RELEASES
Terrible Records, the Brooklyn-based label founded by Chris Taylor of Grizzly Bear and Ethan Silverman, has begun a worldwide partnership with XL Recordings to manufacture, distribute, market and promote certain future releases. The first release under the partnership is Kirin J. Callinan's “Embracism,” due July 2.
Ridley Scott's fan-generated Bruce Springsteen film will be shown in a theatrical event on July 22. Directed by music video director Baillie Walsh, "Springsteen & I" will be shown in theaters on July 22 around the globe; tickets go on sale June 4. Arts Alliance Media is handling the event.
The International Music Summit, a industry confab for professionals and musicians working in electronic dance music, wrapped up its second of three days of panels and presentations in Ibiza with a host of EDM business executives that included SFX’s Shelly Finkel, Ultra Records’ Patrick Moxey and WME’s Marc Geiger.
ZACH SOBIECH'S 'CLOUDS' HEADED FOR HOT 100 DEBUT
The song from the singer/songwriter, who passed away Monday at 18, from cancer could launch in the Hot 100's top 20 next week. Sobiech succumbed to a rare and terminal form of cancer on Monday (May 20). Prior to his passing, the video for “Clouds” went viral and helped turn the young artist into a global role model for others battling serious illnesses.
SONY CONTINUES TO BATTLE APPLE FOR BETTER STREAMING DEAL
Sony Music and Sony/ATV are both holding out on striking a deal with Apple for its soon-to-be-announced online radio service - a decision that is reportedly frustrating Warner and Universal. From the Sony/ATV side, boss Marty Bandier is demanding a higher rate of pay for songwriters, who have traditionally only accrued around a twentieth of the value of a recorded music sale.
A stage manager who worked on Michael Jackson's ill-fated "This Is It" concert warned an AEG executive days before the star's death that he was in a physical and mental decline and needed help, according to an email shown to jurors on Thursday.
Since it's release last Monday, 20th May, Daft Punk’s album ’Random Access Memories’ has already set a number of records on Spotify including the single ‘Get Lucky’ being streamed over 27 million times. If trends hold, ‘Random Access Memories’ will top Mumford & Son's ‘Babel’ as the most streamed album ever in the week of release for the US. More Daft Punk firsts on Spotify:
The Official YouTube Channel for singing and dancing viral superstar Gummibär (usernameGummyBearIntl), has recently reached two major milestones, surpassing 1 billion total channel views and 300 thousand subscribers. With these achievements, Gummibär joins a rather exclusive club of about 73 other YouTube channels that currently have 1 billion views or more -- Eminem, Justin Bieber and Lady Gaga -- but, Gummibär is the only musical artist in the list that is not signed, affiliated or distributed by a major music label.
Each Friday, Billboard presents "Bubbling Under," a weekly look at new and noteworthy acts making their way toward Billboard chart success. Up this week: Classified, the Villains, Shaliek, Ebony Baskin
IMAGEM MUSIC SIGNS GEORGE GERSHWIN CATALOG
Imagem Music, the pop music division of the Imagem Music Group and the world's largest indie music publisher, announced it has signed a multi-year agreement with the Arthur Gershwin Testamentary Trust. Imagem will now administer the work George Gershwin created during the last three years of his life, a highly prolific period wherein he wrote the songs featured in Porgy and Bess, Shall We Dance, A Damsel In Distress, and The Goldwyn Follies, among others.
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