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The just-announced SFX-Clear Channel partnership “came together rather quickly,” says John Sykes, Clear Channel’s president of entertainment enterprises, in part to match the speed of EDM’s development.
Shares of Pandora Media rocketed 14 percent Monday after the digital music service announced a new ad campaign and disclosed impressive listener hours for December. The company said it had 76.2 million active listeners in December, up 13 percent compared to the same month a year earlier. Pandora said listening hours also grew 13 percent, to 1.58 billion in December.
The amount of money estimated to be spent on consumer electronics will likely decline in 2014, as growth in smartphone and tablet sales slow and as prices continue to drop, according to the Consumer Electronics Association. Global spending is expected to reach $1.055 trillion in 2014, down from an estimated $1.068 trillion in 2013, said Steve Koenig, Director of Industry Analysis for CEA, the organization that is staging this week's Consumer Electronics Show in Las Vegas.
With scans of 84,000 units in the most recent tracking week upping its overall sum to 6.33 million downloads, according to Nielsen SoundScan, the duo's hit is now the biggest-selling digital country song since SoundScan began tracking digital sales in 2003. It passes Lady Antebellum's "Need You Now" which now sits in second place with 6.27 million downloads.
Many of these digital acquisitions provide a cheaper way to scale quality content via social media and other aggregators, notes news industry analyst Ken Doctor. "You're able to use tools like these to create more content, get it out quicker and at a lower cost point."
We are asking our readers -- a sizable number of whom were intimately involved in the biggest and best releases of the last year -- to give us their picks for the four biggest Grammy Awards categories: Best New Artist, Album, Record and Song. The results will, hopefully, be a revealing look into the collective mind of the music biz, and should be a good indicator of who will be holding a golden gramophone next month.
"Deep industry specialization is core to our investment strategy and Julius brings a wealth of knowledge and experience to these sectors. His judgment about how these sectors will evolve will be invaluable to us," U.S. buyout team co-head Pete Clare said in a statement.
More than 20,000 new products could be unveiled at this week's International CES, Consumer Electronics Association chief economist Shawn DuBravac predicted during his opening "‘trends to watch" talk. And while smartphones and tablets are leading spending in the consumer electronics space, the exec offered a broader look at some developing areas.
Music-streaming service Pandora announced Monday it is rolling out in-car advertising this month that will deliver targeted 15- and 30-second audio spots to 130 car models and 270 aftermarket devices. This native advertising product will feature fewer ads than other Pandora platforms, though subscribers to the company's premium service can continue to listen ad-free.
Never before has youth been such an advantage. These founders and funders, brand builders and do-gooders aren't waiting for a proper bump up the career ladder. Their goals are way bigger -- and perfectly suited to the dynamic, entrepreneurial, and impatient digital world they grew up in.
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