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Rapino hails new partners as TM posts 14% growth | IQ Magazine

Live Nation CEO Michael Rapino has highlighted Ticketmaster's embrace of new distribution channels as being key to its 14% growth in the second quarter (Q2) of 2016, in which it increased global gross transaction value (GTV) to US$5.7 billion.

In Live Nation's Q2 earnings conference call, held from 22.00–23.00 GMT (17.00–18.00 EST) last night, Rapino told investors and press that, "through the deployment of APIs [application program interfaces] with key partners such as Facebook" – through whichTicketmaster began selling its inventory in April – "BandsinTown and Broadway.com, along with traditional distribution partners such as Groupon, we increased sales by 30% in the first half to more than five million tickets", and said the company sees "these and other distribution partners, including teams and artists, as a key way to extend our reach and continue selling more tickets powered by Ticketmaster".

Banks Outmaneuver Sillerman in SFX Chapter 11 - Amplify

Bob Sillerman's plan to emerge from bankruptcy was simple — step down as CEO of SFX, but retain his chairmanship through his 40% stake of preferred stock in the EDM giant. Going into bankruptcy allowed him to wipe out the common stock shareholders and write down the big payments he made to buy up EDM promoters from around the world. He'd sell off a few assets, shut down a few festivals and still keep his health insurance, company car and New York office.

But that's not what ended up happening — the very banks he had struck a deal with to finance the company became holders of first-priority liens on all of SFX's assets. When the highly-leveraged company went into Chapter 11 bankruptcy, Sillerman signed even more aggressive lending deals with creditors, agreeing to huge interest rates and priority rights to SFX's assets.

Leadership Music Announces Incoming President, New Board Members : MusicRow

Leadership Music has selected its leadership for the 2016-2017 fiscal year, which began July 1.

Jeff Gregg, an agent at CAA, has been elected president; songwriter Stacy Widelitz, is president-elect; Mike Craft, Big Machine Label Group, is Past President; and Amy Smartt, CMA, joins as treasurer.

Justin Levenson remains as secretary. Other members of the Executive Committee include Julie Boos, Flood, Bumstead, McCready & McCarthy; Andrew Kautz, Big Machine Label Group; DianePearson, City National Bank, and Jimmy Wheeler, Provident Label Group/Sony Music Nashville.

In addition, Leadership Music has selected four new board members. Incoming board members are:Ron Cox, Avenue Bank; BJ Hill, Warner Chappell Music; Chandra LaPlume, Taillight TV; and Widelitz.

Grey's Josh Rabinowitz reflects on the first Entertainment Lions for Music

We catch up with Josh Rabinowitz, Senior Vice President/Director of Music for the Grey Group, to discuss the first ever Entertainment Lions for Music.

Hi Josh, thanks for taking the time to speak with us. Music is such an integral part of brand communication – why has it taken this long for the Entertainment Lions for Music to happen?

Music overall, as a general facet of media communication, rather than specifically the process of choosing an excellent track to be used in a piece of content, has taken on a considerably larger and more significant role in the creative executions of branded initiatives.

Whether it's a music app, musically inflected technology, a music partnership, a great live music experience, the use of an artist as a brand ambassador, etc. - it's now more about just supervision or the music production aspect. Thus it plays well into the awards DNA of the Cannes Lions Festival of Creativity.

Behind the Scenes of Transformational Festival Lightning in a Bottle

When Lightning in a Bottle began in 2006, the founders knew it would be more than a music festival. From year one, they focused on aesthetics, environmental sustainability, and interactive art experiences. But they didn't realize their efforts would spark the transformational festival movement that has shifted the entire industry. (Transformational festivals emphasize community, social and environmental responsibility, and healthy and creative activities alongside the music.)

Disney’s Maker Studios Hit with Layoffs | Variety

Disney-owned Maker Studios has laid off a number off staffers as part of what the company is calling "strategic adjustments." A Maker spokesperson confirmed the layoffs, which were first reported by Deadline Hollywood Thursday, without commenting on the number of staffers affected. A source with knowledge of the situation told Variety that less than 30 people were laid off.

"Maker Studios' business is constantly evolving and after careful thought, we have decided to make some strategic adjustments – reducing staff in some areas while still actively hiring in others – to best align with the go-forward strategy of the company," the spokesperson said via email.

BMI, ASCAP Reveal Standardized Cue Sheet Template : MusicRow

Following the development of the joint venture RapidCue, BMI and ASCAP have announced the co-development of a new standardized cue sheet template that will allow both organizations to more quickly process music usage data from the film and television composers, songwriters and publishers each represents.

RapidCue was the first secure website through which TV, cable and film production companies could enter cue-sheet data. This improved template, which has been built based on the feedback from dozens of broadcasters, production companies, digital service providers and studios, further increases the efficiencies of RapidCue.

[The Problems With] VKontakte’s music service

VKontakte, the biggest social network in Russia, has had a mixed relationship with the music industry, with it being attacked in the past as a major piracy portal and subjected to lawsuits. How times change and it is now on a charm offensive, with aims to bring its long-promised music streaming service to market before the end of the year.

Speaking to Billboard, Oleg Butenko, the founder of United Music Agency who is handling the licensing negotiations for the Mail.ru Group (VKontakte's parent group), said, "We've begun the process of filtering and finger-printing, so to match what has already been uploaded to VKontakte with licensed content we have obtained access through the signed licensing agreements."

Rather than a straightforward monthly subscription model, the imminent music service is expected to have various pricing points, which would place it closer to Bloom.fm, the low-cost service that was set up in the UK by Russian businessman Oleg Fomenko, with investors including Russian broadcaster TNT (but which folded in May 2014). Given the very particular dynamics of the Russian music market, there will be a large free angle to it, with an initial emphasis on hitting scale as quickly as possible. Monetising it will, however, be a serious challenge if the rumours are true that it is, according to Billboard, agreeing to deals that "stipulate an $8 million minimum guarantee in a three-year deal with UMG, $2.5 million a year for Warner and $2 million a year for Sony Music".

Live Nation Entertainment Q2 Profit Beats Estimates; Revenue Up 23% YoY - NASDAQ.com

Shutterstock photo

(LYV ) reported that the company delivered accelerated growth in the second quarter, with revenue up 23%, operating income up 76%, adjusted operating income up 28%, and free cash flow up 22%. The company said each of its core divisions - concerts, advertising and ticketing - contributed to the strong performance, with revenue and adjusted operating income up double digits in each business.

Second-quarter earnings per share was $0.13 compared to $0.06, prior year. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.08 for the quarter. Analysts' estimates typically exclude special items.



Read more: http://www.nasdaq.com/article/live-nation-entertainment-q2-profit-beats-estimates-revenue-up-23-yoy-20160728-01941#ixzz4FnOaowhd

Can AEG Vet Randy Phillips Save Bankrupt Dance Promoter SFX? | Billboard

Bankrupt dance music promoter SFX Entertainment has a plan to move forward -- with veteran concert-business executive Randy Phillips at the helm. Phillips, the former CEO of ­entertainment giant AEG Live and the man behind Michael Jackson's ill-fated plan to play 50 shows at the O2 in London in 2009 (later chronicled in the This Is Itdocumentary), has been offered the CEO job and plans to accept it, according to a source close to the situation. The salary is in the $2 ­million range.

IFF announces new partners and first delegates | IQ Magazine

With exactly two months to go until it opens its doors to 500+ invited festival and agency delegates, the International Festival Forum (IFF) has unveiled three new event partners and released an up-to-date delegate list for the 2016 event.

Joining Rock it Cargo, Eventbrite and Showsec as an Associate Partner at the invitation-only event will be Live Nation, the world's leading entertainment company. Other new partners are RFID and access control specialists Intellitix who'll be powering the registration area of the event. And festival transport service specialist Fanzone, which will support one of the lunches.

7 Social Media Metrics that Really Matter—and How to Track Them

When your boss asks you for the ROI of your latest social media campaign, how do you respond? Too many social media managers fall back on the easy answers: we gained this many new Twitter followers, this many Retweets, this many Facebook shares, and so on. Sure, these social media metrics offer surface insights into how a campaign or piece of content performed, but they don't really show executives how your efforts are helping boost the bottom line.

It's time to step things up a notch so that your social media analytics better reflect how all your hard work is paying off. Here's a list of social media metrics you may already be tracking and how to take them to the next level.

Create professional Album art in minutes with an iOS app -

So you've just recorded your new album and it's full of absolute bangers that you've spent months perfecting, but your cover art just isn't doing your tracks justice. TAD is the app that eliminates this nightmare from your life.

Creating cover art for your music isn't hard, but creating cover art that looks good and even professional is a lot harder. We don't all have the skills to design a sick looking piece of art, or the money to hire a professional photographer to make our mugs look artsy enough to plaster on as the visual selling point of our music.

TAD – Music Cover Art Design is a cheap app for your iPhone or iPad that helps you make album art that you can be proud of easily and quickly. TAD presents you with a giant range of templates based on loads of album art styles that you can use to create your artwork. Create your artwork with hundreds of fonts, art styles, borders, colour themes, and more.

Dualtone's Vinyl Den subscription delivers great records each month | PledgeMusic

Over the last few months, we've been thrilled to partner with Dualtone Records to offer PledgeMusic campaigns for their great catalog of new releases from The Lumineers to Leagues to Oh Pep! Now they're giving vinyl lovers an exciting new way to add to their collections with a dynamic new subscription service. Vinyl Denis a monthly vinyl subscription that not only includes all of Dualtone's new releases and reissues but includes the staff's favorite non-Dualtone titles as well.

"Our label staff is made up of music fans," says Paul Roper, Dualtone's President. "There are records that we have loved over the years or more recent releases that we have respected and think fit the Dualtone aesthetic, even though the artist may not be on the label per se. The hope is to turn people on to records and artists they may have never heard of or add a record to a collection that every vinyl lover should own."

Bluetooth headphone sales surpass others for first time, with Apple's Beats in top spot

During the first six months of the year, Bluetooth models accounted for 54 percent of dollar sales and 17 percent of unit sales, NPD said. Whereas the U.S. headphone market as a whole grew dollar sales 7 percent year-over-year, Bluetooth figures surged 42 percent.

Together, Beats and second-place LG controlled 65 percent of dollar sales in the first half of 2016. Following behind in the top five were Bose, Jaybird, and Skullcandy.

NPD linked the growth of the Bluetooth market to promotions and new products, as well as a lower average sales price, down 5 percent. 30 percent of headphones sold cost $50 or less, versus just 16 percent in 2015.

You Can’t Make This Stuff Up! The Department of Justice v. ASCAP - Office of Copyright

Seems like very recently, June 24, 2016 to be exact, I posted about how the 2nd Circuit Court of Appeals ruled that despite there being no language that appeared in any statute, any congressional history, and any opinion of the U.S. Copyright Office, somehow section 301 of the Copyright Act didn't really say what it plainly said. 1 In other words, they just made it up.

Well, sad to say, they're at it again, except this time, it's the U.S. Department of Justice.

At issue are ASCAP and BMI and the consent judgements 2 entered into with the U.S. Department of Justice way back in 1941. ASCAP and BMI are "performing rights societies" (PRO's) that collectively license musical compositions for public performance. As Forbes Magazine explains:

A hidden world of better paying gigs - DIY Musician Blog

How to make money as a musician: listening audiences and guaranteed paychecks

What's a good-paying gig for you these days? I'm always amazed when local musicians in my area talk about $100/person as some kind of gold standard.

Sure, a "Benjamin" for several hours' work was pretty good thirty years ago, and if you can live on that today, more power to you. I can't though. I'm now charging $400 locally for a 45-60 minute solo show, and $600-1500 when I travel.

SFX considering legal action against Sillerman | IQ Magazine

The new management of SFX Entertainment – believed to be led by two senior creditors, investment firms Allianz and Axar Capital Management – has signalled its intention to bring charges against the company's former directors, including ex-CEO Robert FX Sillerman.

In new documents, filed in the Delaware bankruptcy court yesterday, outlining an alternative post-bankruptcy plan for the dance music promotion group following the axing last month of its previous restructuring support agreement (RSA), SFX ('the debtors') says it may seek damages for "breaches of fiduciary duty by former directors and officers of the debtors, and avoidance actions, such as fraudulent transfer claims under federal and state law".

NMPA, Nashville Songwriters Move to Exclude Sony Music From Royalty Rate Proceeding | Billboard

NMPA chief David Israelite accuses Sony Music of siding with "giant digital services in an attempt to lower songwriter royalty rates."

The National Music Publishers' Association (NMPA) and the Nashville Songwriters Association International (NSAI) have submitted a joint motion to exclude Sony Music Entertainment from participating in the Copyright Royalty Board proceeding to determine mechanical royalty rates for a whole slate of music configurations, interactive streams, music bundles and locker services.

Amazon beats earnings with $1.78 versus expected $1.11

Amazon shattered expectations when it reported second quarter earnings after the bell on Thursday. Adjusted earnings per share came in at $1.78, when Wall Street was forecasting $1.11. Amazon also beat revenue predictions, posting $30.4 billion for the quarter when analysts were expecting $29.55 billion. Shares ticked up 2 percent in after-hours trading.

The company saw a significant increase in sales and profit from the same period last year. Net sales were up 31 percent and net income was $857 million, a large jump from last year's $92 million. Amazon also spent many years unprofitable, while it invested in growth.

In a statement, CEO Jeff Bezos touted the early success of their Indian business. "The team in India is inventing at a torrid pace, and we're very grateful to our Indian customers for their welcoming response."

How To Make Live Video Part of Your Music Promotion | LANDR Blog

Your creativity shouldn't stop at sound.

We started an artist residency program.For the first edition Jesse Boykins III finished his mixtape Bartholomew.

The We Are Famous video crew filmed the whole thing. The final documentary is amazing. Which got me thinking…

Video has become a must for music creators these days, especially live video.

It matters because your music is not just sounds. It's everything you create under your artist name.

Live video is crucial for smart music self-promotion in today's music industry.

Eventbrite Hires Nightlife and Dance Industry Veterans - Amplify

Eventbrite announced today that it is hiring three prominent figures from the dance and nightlife industry. The ticketing company brings on Barak Schurr, Diego Carlin, and Senthil Chidambaram to drive continued momentum in music as they continue to expand their roster of prominent promoters and venues. Their recent clients include Margin Walker Presents, PopGun Presents' Elsewhere and Lincoln Hall/Schubas in Chicago.

"We're thrilled to further our commitment within the dance music market and extend our proven success in EDM festivals to nightclubs and venues," said Greg Patterson, Director of Music & Live Events at Eventbrite in a release. "Barak, Diego, and Senthil share Eventbrite's passion for live experiences and an aligned interest in helping nightclubs and venues run their event business as smoothly as possible. We look forward to marrying their deep industry knowledge with our global leadership in event technology to better serve this important and fast-growing part of the music ecosystem."

Facebook crushes Q2 earnings, hits 1.71B users and record share price | TechCrunch

Coming off an all-time high stock price of $123.34, Facebook in Q2 2016 smashed earnings again. The social network continued steady growth just slightly slower at 3.63% compared to last quarter's 3.77%, adding 60 million monthly users this quarter to reach 1.71 billion. It scored $6.44 billion in revenue and $0.97 EPS, blowing past estimates of $6.02 billion and $0.82 EPS.

This is Facebook's 16th beat out of 17 quarters since it went public at $38 per share. Wall Street reacted to the positive earnings with a 7.5% bump in after hours trading to $132.60. It also hit another milestone: 1 billion daily mobile user.

Tumblr will allow users to make money from ads - The Verge

Tumblr this week announced that it will roll out ads across all of its blogs, in a bid to increase revenue from the Yahoo-owned site. The ads will begin appearing on Thursday, though users will at first not receive a cut of the revenue. In a blog post published this week, Tumblr said that it is still working out the details of the program, and that a revenue split will be introduced at some point in the future. TechCrunch first reported on the program on Wednesday.

The announcement comes after Verizon announced that it agreed to buy Yahoo for $4.83 billion. Yahoo acquired Tumblr in 2013 for $1.1 billion, though the site has struggled to generate revenue. Earlier this year, Yahoo wrote down the value of Tumblr by $230 mi

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