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.
Merlin, a music rights organization that represents more than 20,000 independent labels and artists worldwide, announced it has signed a licensing agreement with Beats Music. The multi-year contract gives Merlin the same terms as those negotiated with major music labels.
Pandora Inc. on Wednesday posted an improved financial quarter with higher revenue and profits, but skittish investors nevertheless pushed the Internet radio company's stock down more than 8% immediately after the report.
YouTube has paid out more than $1 billion to music rights holders over the last several years. The disclosure came during a Midem panel addressing online video during which YouTube VP of content Tom Pickett was grilled about whether ads provide sufficient revenue for artists and what the California technology company is doing about illegal "stream rippers."