Bloomberg

  1. Netflix, Hulu Plus, Dozens of Other Streaming Apps Available on Amazon's Fire TV

    April 02, 2014 8:20 PM EDT Online video providers are fired up about Amazon's new streaming video box, the Fire TV.  The device, which Amazon announced at a media event in New York on Wednesday morning, comes pre-loaded with dozens of apps including Netflix, Hulu Plus, ...

  2. Beats Music Raises $60 Million in Funding

    March 11, 2014 2:51 PM EDT Beats Music has raised a second round of funding of aproximately $60 million, according to a source familiar with the deal. The money comes largely from current investors, including Jimmy Iovine, Dr. Dre and Access Industries with the cash bein ...

  3. Morning Fix: Industry Vet Polly Anthony Dies; Max Lousada New Warner UK CEO; Kings of Leon Score U.K. No. 1

    September 30, 2013 8:24 AM EDT Get the Morning Fix Delivered To Your Inbox HERE FORMER MUSIC INDUSTRY VETERAN POLLY ANTHONY DIES Music industry veteran Polly Anthony, who served in executive roles at such record labels as Epic and Geffen, has reportedly died after a long batt ...

  4. Hulu Owners Looking to Finalize Deal Within Two Weeks (Report)

    July 09, 2013 7:02 AM EDT The current owners of online video destination Hulu will sort through binding bids received by the end of last week and hope to finalize a deal in the next week or two, the Wall Street Journal reported. One person familiar with the sales process ...

  5. Rdio Expands to Malaysia, Hong Kong and 5 Other Countries

    June 13, 2013 1:44 PM EDT On-demand music service Rdio has expanded to Asia for the first time in an expansion that covers seven countries. In addition to Malaysia and Hong Kong, Rdio is also available in Colombia, Chile, Poland, Czech Republic and Switzerland.   The ex ...

  6. Terra Firma’s Guy Hands Breaks Silence on EMI: ‘We Learned Some Very Expensive Lessons' (Video)

    March 05, 2013 2:48 PM EST Guy Hands, founder and chairman of private equity firm Terra Firma, spoke rather candidly on the missteps he and his firm made in its management of EMI in a video interview posted today on Bloomberg (below). Terra Firma purchased the music compan ...

  7. 12-12-12 Sandy Benefit Concert Aims for 2 Billion Viewers Worldwide

    December 12, 2012 3:45 PM EST Wednesday evening's commercial-free "12-12-12" concert for Hurricane Sandy relief concert at Madison Square Garden in New York will be seen both around the world and around the World Wide Web. The Rolling Stones, Bruce Springsteen & ...

  8. Morning Fix: iTunes Launches In 56 Countries; Simon Fuller's Concord Bid; Clapton, Chris Martin Join 12-12-12 Sandy Benefit

    December 04, 2012 8:35 AM EST Head HERE to subscribe to Billboard's Morning Fix email and our other free music-business newsletters APPLE LAUNCHES ITUNES IN RUSSIA, TURKEY, INDIA, SOUTH AFRICA, 52 ADDITIONAL COUNTRIES: Apple today announced it has launched its iTunes Stor ...

  9. Morning Fix: Bieber, Minaj Win Big at AMAs; Internet Radio Fairness Opponents Unite; AC/DC Joins iTunes

    November 19, 2012 8:30 AM EST Head HERE to subscribe to Billboard's Morning Fix email and other free music-business newsletters AMERICAN MUSIC AWARDS 2012: JUSTIN BIEBER, NICKI MINAJ TOP EXUBERANT NIGHT: Justin Bieber took home Artist of the Year at the American Music Awa ...

  10. Online Video Going Long, Live and Mobile: Ooyala Study

    November 15, 2012 3:00 AM EST Just two years ago, conventional wisdom held that online videos should not last longer than three minutes because viewers have the attention span of a LOL cat. Fast forward to this fall, and 30% of total video viewing time on tablet devices are sp ...

  11. Morning Fix: Live Nation's 3Q Earnings; Pandora Sues ASCAP; Google Buries Legal MP3 Sites

    November 06, 2012 8:18 AM EST Head HERE to subscribe to Billboard's Morning Fix and other free music-business newsletters LIVE NATION PROFIT, REVENUE SOAR IN THIRD QUARTER: Live Nation got through a tepid global economy to deliver strong growth in revenue and net profit i ...

  12. SiriusXM CEO Karmazin Calls Internet Radio 'Race to the Bottom' on Earnings Call

    November 01, 2012 10:46 AM EDT Outgoing SiriusXM CEO Mel Karmazin slammed the business model behind personalized Internet radio services during an otherwise upbeat third-quarter earnings call Thursday. While advertising-based Internet radio company Pandora has yet to turn a pro ...

  13. Business Matters: Music Quietly Vital at Apple

    October 25, 2012 9:04 PM EDT Although it was barely mentioned during Apple's fiscal fourth quarter earnings call on Thursday, music is still playing important role in Apple's strategies. Apple said it was "looking forward to launching" the redesigned iTune ...

  14. Apple Radio Service Rumors Crush Pandora Stock

    October 25, 2012 7:59 PM EDT Pity poor Pandora. The Internet radio company's stock price has been getting whiplashed by news of Apple's progress, or lack thereof, in launching a streaming radio service. On Thursday, a Bloomberg report that Apple is on track to go li ...

  15. Bertelsmann H1 Earnings Rise, Interested In EMI Assets

    August 31, 2012 10:08 AM EDT Bertelsmann, which owns BMG Rights Management and Arvato, posted a net profit of 353 million euros ($443.95 million)on revenues of 7.6 billion euros ($9.6 billion) for the six month period ended June 30. That performance represented a 31.2% increa ...

  16. White Paper Urges FTC to Block UMG-EMI Deal; EU Nat'l Regulators Slated To Vote on Merger

    August 30, 2012 8:30 PM EDT The American Antitrust Institute, a Washington-based non-profit education, research, and advocacy organization, has issued a white paper entitled "Music Industry Consolidation: The Likely Anticompetitive Effects Of The Universal/Emi Merger&qu ...

  17. Morning Fix: Bertelsmann IPO?: Liberty's Sirius XM Stake; RealNetworks Layoffs; Pinterest's Sales Issue

    August 29, 2012 7:47 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. MTV, TROJAN TEAM UP FOR FIRST VMA SPONSORSHIP FEATURING LMFAO'S SKYBLU: In a first for the sexual health category , MTV is teaming up with Trojan condoms for a multi- ...

  18. Morning Fix: UK Olympics Bump, Best Buy's New CEO, Beyonce's 1B Friends, Death at V Festival

    August 20, 2012 8:22 AM EDT Olympics Bump Sends Emeli Sande (and 123 Others) Up UK Charts Scottish singer-songwriter Emeli Sandé's album is back to No. 1 on the U.K. charts following her appearance at the London 2012 Olympics. Fifty-seven of this week's Top 200 alb ...

  19. Lady Gaga, Universal Sued by Bratz Dolls Manufacturer MGA

    July 25, 2012 6:55 AM EDT Toy firm MGA Entertainment, the maker of the Bratz line of dolls, has sued Lady Gaga and her management firm for delaying approval of a Lady Gaga doll line. The company is alleging breach of contract and seeking more than $10 million in damages in ...

  20. Internet Radio: The Next Digital Underground

    July 19, 2012 6:35 PM EDT One is traded on the New York Stock Exchange. Another was recently launched by the world's leading on-demand music subscription service. And yet another has quietly accumulated 30 million monthly users. These three Internet services are part ...

  21. Vivendi Committed to UMG's EMI Purchase, Selling Activision (Report)

    July 02, 2012 9:13 AM EDT Whatever the politics within Vivendi that led to the departure of CEO Jean-Bernard Lévy, the company's senior management team still stands behind Universal Music Group and its planned acquisition of EMI, according to an e-mail UMG chairman an ...

  22. Business Matters: Rumors Heat Up That Liberty Media Will Buy Out Live Nation

    June 28, 2012 4:10 PM EDT Rumors Heat Up That Liberty Media Will Buy Out Live Nation -- Another summer, another round of speculation that Liberty Media may buy out the remaining shares of Live Nation it does not already own. Liberty Media upped its stake in Live Nation to ...

  23. Telefonica's Terra From Spain to Offer Legal Music, Film Streaming in Europe

    May 01, 2012 6:00 AM EDT MADRID - Telefonica's media unit Terra plans to introduce online films and music in Europe, starting with Spain and Portugal by the end of next month, news reports said Monday. Spanish Court Dismisses Case Against Major P2P Site No one was im ...

  24. Pulitzer Prize Winners Announced, Kevin Puts' 'Silent Night: Opera In Two Acts' Wins Music Award

    April 17, 2012 6:30 AM EDT NEW YORK -- The 2012 Pulitzer Prize winners and finalists, with comments from judges: ARTS Music: "Silent Night: Opera in Two Acts" by Kevin Puts, commissioned and premiered by the Minnesota Opera in Minneapolis on Nov. 12, 2011, a stirr ...

  25. California Attorney General's Office Making Inquiries About EMI Music Sale: Report

    March 28, 2012 9:05 AM EDT California Attorney General Kamala Harris is making legal inquiries about the planned sale of EMI, according to two sources cited by Bloomberg . The sale of the company's recorded-music operation to Universal Music and its publishing to a Son ...

  26. Facebook $5 Billion IPO Fueled By Advertising

    February 02, 2012 6:30 AM EST Even though Facebook has barely gotten started when it comes to advertising, the company can thank Madison Avenue for the stunning $5 billion initial public offering (IPO) it filed on Wednesday (Feb. 1). Advertising dollars accounted for 85 percen ...

  27. UPDATE: SOPA Imploding, Facebook's Zuckerberg, House Speaker Boehner Add To Backlash

    January 18, 2012 2:30 PM EST UPDATE (3:43 p.m.): House Speaker John Boehner said the SOPA and PIPA bills were not ready to go to a vote in Congress, according to the Wall Street Journal , while the top Republican on the Senate Judiciary Committee, Orrin Hatch (Utah), released ...

  28. FTC Reviewing Citigroup's Sale of EMI To Universal, Sony: Report

    December 22, 2011 12:09 PM EST The FTC is reviewing Citigroup's sale of EMI's recorded music and publishing divisions, according to a New York Post report . The sale of EMI's divisions - recorded music to Universal Music Group for $1.9 billion and music publishin ...

  29. Black Keys Withold New 'El Camino' LP From Spotify, Other Streaming Services

    December 08, 2011 1:00 PM EST Many artists have doubts about music-streaming services, largely due to the fear that companies like Spotify and Rhapsody detract from already declining music sales. The Black Keys are the latest addition to that group: their recently released &qu ...

  30. Updated: As EMI Auction Hits Home Stretch, Who's in the Lead? Depends Who's Talking ...

    October 27, 2011 3:00 PM EDT UPDATE Friday 6 p.m. ET : While it was widely speculated that there would be news about the status of EMI's auction today (October 28), the week is closing with negotiations still ongoing, sources tell Billboard.biz. The biggest hold-up revol ...

  31. Business Matters: Spotify's 2.4 Million September Visitors Were Mostly Male, Young and Pretty Well Off

    October 18, 2011 3:55 PM EDT Spotify's 2.4 Million September Visitors, Analyzed -- Spotify users are young and fairly well off financially, according to numbers released by comScore Tuesday. And while the service has experienced fantastic growth in just three months, it ...

  32. Business Matters: Would You Buy Pandora Stock at $18 a Share?

    October 14, 2011 5:44 PM EDT Would You Buy Pandora Media for $18 a Share? -- Barrington Research initiated coverage on shares of Pandora Media (NYSE:P) this week. Its analysts set a price target of $18 and gave the stock an "outperform" rating. The note to investors ...

  33. Backbeat: Earth Wind & Fire, J&R Music Celebrate 40th Anniversaries @ NYC's South Street Seaport

    September 29, 2011 7:30 AM EDT Earth Wind & Fire , which is celebrating its 40th anniversary as a band, helped J&R celebrate its 40th anniversary by doing a free show on Sept. 9 at New York's South Street Seaport, which is about two blocks away from the Park Row st ...

  34. Business Matters: Spotify Defends Its Practices as Another Metal Label Drops Out

    September 19, 2011 5:54 PM EDT Spotify Defends Its Practices as Another Metal Label Drops Out Spotify is defending its benefit to artists and labels as another metal label, Prosthetic Records, is pulling its catalog from the cloud-based music service. "There [does] not app ...

  35. Lady Gaga, Jay-Z, Justin Timberlake Make Vanity Fair's 'New Establishment' List -- Who's Missing?

    September 01, 2011 1:21 PM EDT Lady Gaga, Jay-Z and Justin Timberlake are among the list of influential business people on Vanity Fair's "New Establishment" list . It represents "innovative new breed of buccaneering visionaries, engineering prodigies, and en ...

  36. Edgar Bronfman's Next Task At Warner Music Group: EMI?

    August 19, 2011 9:05 PM EDT Is Warner Music Group getting ready to put Edgar Bronfman Jr. out to pasture? That may be the reading of some in the business following the company's announcement that the Warner CEO will swap jobs with chairman Stephen F. Cooper. But conside ...

  37. U2 To Donate $7.2 Million To Irish Music Education

    August 18, 2011 11:00 AM EDT U2 has announcd it is providing five million euros (about $7.2 million) through 2015 to help fund music schooling for Irish children, according to Bloomberg . The news comes in the wake of the government's cuttting spending on education. The ...

  38. Business Matters: What the Stock Market Declines Mean to Music Companies

    August 02, 2011 6:42 PM EDT What the Stock Market Declines Mean to Music Companies -- Concerns about the U.S. debt and hints that the U.S. economy has entered a double-dip recession are dragging down stock markets and impacting music and entertainment companies. New consumer ...

  39. Business Matters: Sony Music Revenue Up; UK Court Orders ISP to Block Web Site

    July 28, 2011 3:25 PM EDT Sony Music Revenues Up -- Sony Music Entertainment revenue increased 7% to $1.35 billion in the quarter ended June 30, although the company's earnings release shows a 0.6% decline in yen-denominated revenue due to the currency's apprecia ...

  40. Business Matters: Skullcandy IPO Shows Market Interest in Premium Headphones

    July 25, 2011 5:34 PM EDT Market On Premium Headphones: Outlook Good -- Last week's IPO by headphone maker Skullcandy indicates investors see potential in the growing market for premium headphones. The company sold 9.4 million shares at $20, which was above the $17-$1 ...

  41. Business Matters: Mobile Listening Outpacing Mobile Ads, Pandora CEO Says

    July 23, 2011 1:55 PM EDT Mobile Listening Outpacing Mobile Ads, Pandora CEO Says -- Pandora CEO Joe Kennedy has suggested one of the analyst's fears about its business is coming true -- the company is not selling enough mobile ads. "The sheer level of aggregate ...

  42. Apple Considering Offer to Buy Hulu (Report)

    July 22, 2011 8:41 AM EDT Apple is considering making an offer for the online video service Hulu, Bloomberg reported Thursday, citing sources. The company is said to be in early talks to buy the site, which is owned by Walt Disney, News Corp., Comcast's NBCUniversal a ...

  43. Bug Music For Sale Again

    July 20, 2011 7:42 AM EDT Bug Music, which was up for sale in an aborted auction last summer, is back on the block, according to sources. The auction is once again being run by JP Morgan Chase, and according to Bloomberg News, which broke the news. Bids are due next week. ...

  44. Business Matters: Who Pays for Antipiracy Enforcement?

    July 18, 2011 10:22 PM EDT Who Pays for Antipiracy Enforcement? -- Here's a good question: should ISPs in New Zealand pay the enforcement costs of three strikes? It's more than an academic question. A stakeholder that bears no direct costs in fighting piracy has a ...

  45. Business Matters: Games Top Mobile Apps Category, Music Fifth

    July 06, 2011 6:19 PM EDT Gaming Tops Mobile Apps; Music, Not So Much -- Games are the most popular category of mobile apps but music isn't too far behind, according to new figures released by Nielsen. Game apps have been used by 64% of app downloads in the previous 3 ...

  46. Business Matters: HMV Woes Signal Even Bigger Retail Changes Ahead

    July 05, 2011 5:42 PM EDT Ask Not For Whom The Bell Tolls…: HMV -- If you took a long holiday weekend you may have missed the news that retail chain HMV posted a large annual loss and is in the midst of restructuring the company into a "broad-based entertainment busin ...

  47. Best Buy Reportedly Bringing Cloud-Music Service to U.S.

    June 21, 2011 12:11 PM EDT Big box retailer Best Buy is reportedly eyeing a U.S. launch of a cloud music service it currently operates on the U.K. According to a report in Bloomberg , the retailer is close to announcing an expansion of the My Music Anywhere service from the ...

  48. Business Matters: Research in Motion (RIM) Falters, Android and iOS Safer Than Ever

    June 17, 2011 5:02 PM EDT Business Matters: Research in Motion Falters, Android and iOS Safer Than Ever -- Apple and Google's dominant mobile and tablet market shares probably won't be jeopardized any time soon. Just a couple weeks after Research in Motion (RIM) ...

  49. Business Matters: Pandora Falls 24% on Second Day of Trading

    June 16, 2011 5:53 PM EDT Pandora Crashes Back to Earth, But Why? - After flying high on its opening day of public trading, Pandora Media came crashing back to earth on Thursday. Shares closed down 23.88% to $13.26, erasing $690 million in market value. Pandora's IPO ...

  50. Five Questions We Have About Pandora's IPO Tomorrow

    June 14, 2011 5:03 PM EDT By all accounts, tomorrow is the day Pandora puts 14.7 million shares of stock on sale to the public , equal to about 20% of its total equity. At an offering price of between $10 - $12 a share, that would raise around $146 million and value the co ...

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