New York City Opera To File For Bankruptcy

New York City Opera To File For Bankruptcy

The company announced Sept. 12 that it needed to raise $7 million by the end of that month. Spokeswoman Risa Heller said about $2 million had been raised, plus another $301,019 was pledged from 2,108 donors in an online campaign."New York City Opera did not achieve the goal of its emergency appeal," Heller said.
How Obamacare Could Impact The Touring Biz (From the Magazine)

How Obamacare Could Impact The Touring Biz (From the Magazine)

The vast majority of employees on tour aren't the responsibility of the artist or the promoter/producer, but rather the vendors contracted to provide sound, lights, staging and other services. Veteran music business accountant Bill Zysblat, who has run the books on some of the biggest tours of all time, says, "Very often the touring company will not have enough employees to comply."
Activist Investor Carl Icahn Wants Apple to Spend $150B Buying Its Stock to Boost Shares

Activist Investor Carl Icahn Wants Apple to Spend $150B Buying Its Stock to Boost Shares

Icahn took to the Internet and the TV airwaves Tuesday to make it clear that he believes Apple Inc. isn't doing nearly enough to boost its stock price, which has fallen by 30 percent from its peak reached in September 2012. The slump has turned Apple's stock into a bargain, Icahn said on the financial news channel CNBC, making it a "no-brainer" for the maker of the iPhone and iPad to pour more money into its shares.
German Live Music Market Dropped 16% in 2012 (Study)

German Live Music Market Dropped 16% in 2012 (Study)

The German live entertainment market had a dramatic decline in income in 2012 as industry-wide ticket sales fell 16% from four billion euros in 2011 to 3.3 billion euros in 2012 and audience numbers contracted by 9% to 30.1 million according to a study released by market research firm GFK.
Smule Takes Its Mobile Creations to the Web

Smule Takes Its Mobile Creations to the Web

Smule, the mobile app developer behind Magic Piano and I Am T-Pain, has opened up its creations to the world. Starting Tuesday, songs created on Smule's moible apps are available on the Web for the first time ever. As a result, some of its best creations may find new fans.
Vevo Launches in Germany

Vevo Launches in Germany

"Oktoberfest kicks off today in Germany, and Vevo is joining the party," the company said in a blog post. "Today's launch brings Vevo's 75K HD official music videos, live concert events and original programming to viewers in one of the world's biggest music markets."
AC Entertainment Opens Nashville Office

AC Entertainment Opens Nashville Office

Concert promoter and festival producer AC Entertainment, co-founder and producer of the Bonnaroo Music & Arts Festival in Manchester, Tenn., has opened a Nashville office.
Guest Post: Meet the Free Market Royalty Act, an Elegant Solution to Some Complex Issues

Guest Post: Meet the Free Market Royalty Act, an Elegant Solution to Some Complex Issues

Representative Mel Watt (D-NC-12) has introduced the Free Market Royalty Act (H.R. 3219), one of the most intriguing proposals in years. The bill accomplishes two principal goals: Watt starts getting the government out of the music business by eliminating the compulsory license for digital audio transmissions and extends the sound recording public performance right to all audio performances.
Spotify Throws Its Weight Behind Artist Marketing

Spotify Throws Its Weight Behind Artist Marketing

Spotify has rolled out a new artist marketing program, called Spotlight, that the company will use to support artists over an extended period of time. The first two Spotlight artists are American trio Haim, whose debut album was released Tuesday, and New Zealand singer Lorde, whose song "Royals" is currently #3 on the Billboard Hot 100.

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