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Joe Kennedy, who has been at the helm of Pandora Media for nearly a decade, on Thursday announced he will sign off as the Internet radio company’s chief executive soon as a replacement CEO is named. The news came on the day Pandora released its yearly financials: The internet radio company got a lift from rising mobile revenue as its revenue more than doubled in the fiscal year ended January 31st. The company's shares were up nearly 20% in after-hours trading.
Facebook on Thursday unveiled a new design that gives music its own dedicated newsfeed tab, one that appears to give bands and music marketers more real estate on the social network to broadcast their messages to fans.
Apple has pitched record labels a per-stream royalty of 0.06 cents per stream, or half of what pure-play webcasters like Pandora currently pay for performing sound recordings, for its upcoming Internet radio service, but whether or not record labels will accept the offer is another matter.
Justin Bieber says he is "getting better," after fainting backstage at a concert in London, and the venue says Friday's show is scheduled to go ahead as planned. A spokesman for the O2 Arena said the 19-year-old pop star was treated backstage during Thursday's concert after becoming short of breath, but recovered and finished his set (then went to the hospital and tweeted this picture).
It never seemed likely that the Rolling Stones would crank up their touring machine for fewer than half a dozen shows and, as predicted, the Stones will tour North American arenas in the first half of this year, multiple sources tell Billboard.biz. Promoter Paul Dainty and Virgin Music will promote the shows, the same team that presented the band’s 50th Anniversary shows late last year.
Mumford & Sons manager Adam Tudhope is partnering with Gotye’s manager, Danny Rogers on And Publishing, which will launch at SXSW. Speaking exclusively to Billboard.biz, Tudhope outlines his vision for the company, why they're partnering with Kobalt and the “heart and core” of Mumford & Sons’ global success.
For the second year in a row, Trans World Entertainment has produced black ink. More importantly, the company says it will return to growth mode, with plans to open 20 stores in the fiscal year.
As anyone who’s been to SXSW over the last decade will tell you, the expansive Austin music/interactive/film conference (which starts today) is, to say the least, chaotic with thousands of overlapping parties, shows, events, panels, keynotes, films and more around the clock. Enter Kaitlyn Reed, who three years ago started RSVPSX, a SXSW RSVP business.
The paperback of “Fifty Shades of Grey” is exactly like the digital version except for this: If you hate the paperback, you can give it away or resell it. If you hate the e-book, you’re stuck with it. That distinction is now under attack, both in the courts and the marketplace, and it could shake up the already beleaguered book and music industries. Amazon and Apple, the two biggest forces in electronic goods, are once again at the center of the turmoil.
New York Times
Sony Music partners with the new range of Sony Xperia Smartphones to launch ‘Sony Music Jive’ - a music service that allows consumers to download and stream music from the Sony Music Catalog of 2 million songs free. Sony Music will premiere content exclusively for Sony Xperia customers for streaming and download and the first one will be a single from the soundtrack of the movie “Ek Thi Daayan” featuring Emraan Hashmi, Konkona Sen Sharma, Huma Qureshi and Kalki Koechlin with music by Vishal Bhardwaj.
Country singer-songwriter Claude King, an original member of the Louisiana Hayride who was best known for the 1962 hit "Wolverton Mountain," has died. He was 90. King was one of the original members of the Louisiana Hayride, the Saturday night show where Elvis Presley andHank Williams Sr. got their start. The show transformed country and western music from 1948 to 1960 with music genres including hillbilly, western swing, jazz, blues and gospel. King's hit "Wolverton Mountain" told a story of mountain man Clifton Clowers, who guarded his daughter from suitors.
New York City’s famous record store Bleecker Bob’s is closing at the end of this year, and it’s being replaced by a froyo place. A new Facebook post confirms that they’ll be out by May 2013. The post reads:
STORE UPDATE:: 3/6/13
looks like the new tenant has signed the lease. we’ve heard they want to be open by June 1. it will take probably around 2 months to get work permits for the massive remodeling job they’ll need to do so we’re figuring we should be open until May 2013!!
—get ready for another chain of self serve yogurt/coffee/hot chocolate cafes NYC!!”
Florence + the Machine has signed with WME for North American personal appearances and Worldwide representation in all other areas. Singer Florence Welch plans to branch out into acting, fashion, and other creative avenues in the future.
Attracted by an edgier, more energetic sound by such artists as Jason Aldean, Luke Bryan and Eric Church, listeners aged 18-34 are flocking to country stations in droves.
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