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In a continuation of its digital expansion, SFX Entertainment has entered into the live event ticketing business with the acquisition of European ticketing company Paylogic. SFX has purchased 75% of Paylogic for about $16.2 million. The ticketing company as a whole is valued at approximately $22 million.
Independent artists have never had access to so many customers. A single distributor can get an artist’s music into digital services around the world. U.S. artists were getting Spotify royalties before the service was available stateside. Now they’re getting royalties from Deezer, Bloom.fm and other services not yet available in the States.
Peter Luukko, president and COO, of Comcast-Spectacor, the Philadelphia-based sports and entertainment company is resigning to “pursue other entrepreneurial activities,” according to a company release. Dave Scott, recently retired EVP and CFO for Comcast Cable, was named acting president.
The IFPI’s CEO Frances Moore has weighed in on the for-and-against arguments over streaming music services, noting that subscription business models were still in their infancy and that the concerns from the likes of Thom Yorke and David Byrne were “overstated.”
Digital rights management doesn't help the business of music -- at least according to a new study by a PhD candidate in Strategic Management at the University of Toronto named Laurina Zhang. Several years after the major labels removed DRM from their digital music files in 2009, Zhang, using data primarily from Nielsen SoundScan, analyzed 5,964 albums from 634 artists, "the largest random sample of albums collected for an empirical study."
In July, Aimee Mann brought a noteworthy lawsuit over the possible existence of a massive amount of unlicensed music being streamed online. In the cross-hairs of Mann's multimillion-dollar legal claims was a company called MediaNet, originally backed by EMI, AOL, BMG and RealNetworks before being taken over by a private equity firm.
Reggae singer Junior Murvin, whose signature song "Police and Thieves" became a hit on the British charts not long after it was covered by punk legends The Clash, died Monday at a hospital in Jamaica. He was 67.
Queen and Universal Music Group have renewed their partnership with a long-term deal covering a range of new projects from the band including rare and unreleased material and a film.
Police in the state of Saxony have developed a smartphone app that identifies neo-Nazi music playing at social events or through internet radio stations.
When 2013 officially comes to a close, PC makers will have sold 10.1% fewer PCs this year than they did in 2012 – the worst year on record, according to a new report by IDC.
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