FRANKFURT--German media conglomerate Bertelsmann SE said Wednesday its earnings in the first half of the year rose, buoyed by growth at all eight divisions.
The media, education and services company said its earnings before taxes in the first six months of the year amounted to 805 million euros ($899 million), up from EUR670 million in the first half of the previous year. Results were helped in particular by a stronger performance at RTL Group's business in France and Germany, and growth at Bertelsmann's service provider unit Arvato.
FRANKFURT--German media conglomerate Bertelsmann SE said Wednesday its earnings in the first half of the year rose, buoyed by growth at all eight divisions.
Judge Mary Walrath did not rule on requests from shareholders or unsecured creditors Tuesday in a hearing in Delaware Bankruptcy Court. A motion by shareholders to form an equity committee, giving the shareholders a seat at the table in the valuation of SFX, was delayed until Sept. 7 at 11:30 a.m.
The Americana Music Association has revealed its 2016 Lifetime Achievement Award Honorees. The six recipients are William Bell, Billy Bragg, Shawn Colvin, Woody Guthrie, Jim Lauderdale and Bob Weir.
The honorees will be celebrated at Americana's 15th Annual Honors & Awards held at the Ryman Auditorium on Sept. 21. The show is part of the 17th annual Americana Music Festival & Conference, held Sept. 20-25 in Nashville.
Within the next few months, Tim Leiweke will begin unveiling more information about the Oak View Group and announce the 24 arenas who have opted into his Arena Alliance.
"I think our industry needs a wake-up call," he said, describing his intentions to becoming a "positive, disruptive force." The former AEG CEO laid out his vision last Thursday to a couple dozen entertainment professionals gathered at the Long Beach Convention Center. In an hour-long speech, Leiweke hinted his new venture with Irving Azoff would touch upon booking, sponsorships, security and secondary tickets and return power to the venues.
Frank Ocean's Blonde has now been out for a week and change; the album currently rests comfortably atop the Billboard 200 chart as the year's third-largest debut. But how much money does a huge record like Blonde (and let's not forget Endless...) make?
So far, Blonde has generated about $2.12 million in total, according toBillboard's estimate. (Note that the following tallies are based on the assumption that Ocean is receiving 70 percent of revenues, since Blonde was self-released -- in a major fiscal coup for the artist.) Of that first week cash, Ocean would have made $1.623 million off 232,000 album sales, and about $504,000 on 69.1 million streams.
Bruno Guez has spent decades in the music business — he hosted a show on public radio, founded Quango Music Group and even worked as the creative director of music at Cirque de Soleil. Over that time, he said he's watched as changes in the music industry outpaced the tools available to artists and labels.
"There were no modern platforms for the B2B segment of the market," Guez told me. "It was really very antiquated, with record labels and distributors … not integrating with cloud services to manage their assets."
Guez's startup Revelator is working to fix that with a platform for distributing, selling and licensing music online. The company announced it has raised $2.5 million in Series A funding led by Exigent Capital, with participation from Digital Currency Group and Israeli early-stage fund Reinvent (Revelator is headquartered in Tel Aviv). That's on top of the $3 million the company has already raised.
Nearly three times as many people who watched MTV's awards bash on television have so far streamed Beyoncé's 'Lemonade' medley on Facebook
Struggling music streaming service Guvera Limited must pay nearly $1 million to creditors of two subsidiaries – Guv Services and Guvera Australia – by Wednesday, or potentially place the subsidiaries into liquidation.
Under a Deed of Company Arrangement agreed to by creditors on August 1 and lodged with the corporate regulator on August 19, Guvera Limited will pay $150,000 every month for the next year to creditors of Guvera Australia, and $30,000 per month to creditors of Guv Services.
A California superior court judge on Monday threw out key claims in a lawsuit alleging Beats cofounders Jimmy Iovine and Dr. Dre swindled audio company Monster out of its investment in the Beats by Dre headphone brand just prior to Apple's acquisition in 2014.
Twitter wants the kind of video creators YouTube has — and the massive audiences that come with them.
To make this dream a reality, the company is pulling a page from YouTube's playbook: It's going to sell ads alongside creator videos and share that ad revenue with the people making the content. And Twitter is offering very appealing terms.
Unlike YouTube, which gives 55 percent of the money to creators and keeps 45 percent, Twitter is using the same revenue split it already offers other Amplify video partners, like the NFL: 70 percent to the content creator and 30 percent back to Twitter, according to a person familiar with the arrangement.
CMJ Music Marathon, the long-running new music showcase and industry-wide conference, celebrated its 35th year in 2015, its second edition under new owner Adam Klein, who purchased the company outright in 2014. Whether it will celebrate its 36th is the cause of some speculation this week.
The long-running organization's web site and social media accounts have remained dormant since June. (Its most recent posts on both Twitter and Facebook read, "We love all our dedicated fans. Please bear with us.") And as the autumn creeps closer -- last year, the initial lineup was announced Sept. 9, with the week-long festival running in mid-October -- several media outlets have publicly questioned whether the Music Marathon will return.
Accusations that Spotify has been punishing artists for signing exclusives with other streaming services hit the internet in full force this morning, originating from a Bloomberg article.
When confronted by TechCrunch, a Spotify spokesperson gave the same response they have been giving since the story broke — that the accusations about burying search results are "unequivocally false."
However, while Spotify has been clear about rejecting one part of the argument against the company, there is another piece of the story that remains unaddressed. Hidden in the details, the accusations are really twofold, including both the notion that
- Spotify directly suppresses tracks from artists that have previously signed exclusives with Apple Music or Tidal in search results.
- And, Spotify indirectly targets artists who have signed exclusives with Apple Music and Tidal but promoting music differently in playlists and banner ads.
Could the European Commission be tilting towards music rightsholders' opinions? Reuters has seen a draft paper from the EC that leaves plenty more room for argument.
"The European Commission, the EU executive, is looking at imposing an obligation on platforms hosting user-uploaded content – such as YouTube, Vimeo and DailyMotion – to seek agreements with rights holders 'reflecting the economic value of the use made of the protected content', according to a draft paper, seen by Reuters, listing the preferred options for the EU's copyright reform.
Songwriters from Nashville, Los Angeles and New York City schmoozed on a rooftop party at Nashville's Element Music Row on Aug. 20 as part of the inaugural Nash Pop Welcome Party.
The event is a collaborative work betweenStarstruck Writers Group and artist development company Holy Graffiti, in an effort to cultivate relationships among rising songwriters, artists and musicians.
"Nothing brings me more joy than to have some of the most talented people in the world all in one beautiful room, breaking bread, and celebrating new relationships, and new music, from first time collaborations. Hopefully this party helped to inspire fresh ideas and excitement for what's to come," said Holy Graffiti's Shane Stevens.
Icon Dolly Parton earns her first No. 1 onBillboard's Top Country Albums chart (dated Sept. 10) in more than 25 years, as Pure & Simple debuts at the summit with 20,000 copies sold in its first week (ending Aug. 25), according to Nielsen Music.
Parton achieves her seventh Top Country Albums No. 1 and first since Eagle When She Flies on the May 18, 1991-dated list.
"Boy, it's a good day for me. I am a happy girl!," Parton beamed in a statement. "It feels great to be No. 1, as it's been a long time, and it feels so good to still be in the game after all this time."
Apple Inc., seeking to capitalize on the popularity of social networks, is developing a video sharing and editing application and is testing new related features for its iPhone and iPad operating systems.
The early plans are part of a newly directed focus to integrate social networking applications within Apple's mobile products and are a response to the success of social media-focused companies such as Facebook Inc. and Snapchat Inc., according to people familiar with Apple's strategy. An Apple spokeswoman declined to comment.
Wiz Khalifa is suing former manager Benjy Grinberg and his label Rostrum Records, in part to be released from his record deal. He accuses Grinberg of failing to act in his best interests when locking him into a 360° record deal with his own label, and is also citing California's 'seven year rule' on personal services contracts as another reason to be set free.
On a recent episode of a podcast called "The Watch," one of the hosts made a joke about "grabbing the aux cord" in a friend's car to play new music. In an age when self-driving cars could be whizzing us around cities in the next decade, it's strange to think that we haven't yet come up with a great solution for a much simpler problem — how to make listening to digital music in the car a more seamless experience.
Despite all the amazing streaming music, online radio and podcasting services launched over the years, using them in the car remains a largely clunky experience. Most still require either a Bluetooth or corded connection, and, of those, many require using the phone to interact with the service rather than the in-car dashboard. It's not that far removed from the days of using a cassette adapter to get a Discman to play through the car speakers.
The question is, who will solve this problem… Silicon Valley or Detroit?
Subscribers of TIDAL usually need the platform to listen to their favorite tracks on repeat, but a teenager from Germany has other ideas. Coder and recent high-school student Lordmau5 has just debuted TiDown, a piece of software that allows Tidal tracks to be permanently downloaded to a desktop machine.
As expected, Apple will be video streaming the Sept. 7 release event through its regular channels, and Siri's responses have been updated with humorous quips to "see you on the 7th."
Vice Media's television channel Viceland has announced that they are currently developing a new show with Tyler, the Creator, based off of a show from Tyler's Golf Media app (via the Hollywood Reporter). Recently, Tyler changed his infamous @fucktyler Twitter handle to @tylerthecreator, citing business reasons. "My stock just went up because of that name change," he said, explaining that he wanted to be able to contact corporations and work on bigger creative projects without making a bad first impression.
Australian streaming service Guvera is pulling out of its home market it has been confirmed, as the digital firm continues to deal with the fallout of having its planned IPO blocked by the Australian Securities Exchange.
LONDON, UK (PRWEB) AUGUST 31, 2016
Gismart, a music application developer considered to be at top of the innovation in the industry, has added force-touch technology to the widely popular Gismart Piano app. This integration produces a three-dimensional construct which increases the virtual reality for the player.
Among the first to implement such technology, Gismart is no stranger to innovation and standing in the forefront of the musical application technology. The company has produced high-quality music apps such as Real Guitar, Gismart Piano, Real Drums, and Real Metronome since 2013. All apps are available in both free and paid versions, making it easy for users to download and use the intuitive technology to produce their own original music on any platform. The apps could be found in the App Store, Google Play or the Amazon app store.
Adam Haslett's Imagine Me Gone is a novel told by a family of five. It centers mostly around Michael, the eldest son and a deep music fan. Michael suffers from a host of mental issues, and he self-medicates with pills and really loud bass. The character recalls Haslett's own brother Tim, a music obsessive who passed away eight years ago. Reading the book, I figured Haslett himself must be a pretty heavy record freak, considering the obscurity of his references and the innate way he writes about the power of a perfect song. But it turns out he absorbed a lot of that by just observing his brother's experience. We spoke about the powers of music and how it's an art so different from writing.
Frank Ocean's sophomore album Blonde hit No. 1 as an independent record–and it means a significant pay raise for the R&B star.
While Ocean is far from the first artist to release a chart-topping independent album, it is the means by which he gained his independence from his former label that garnered widespread attention. As FORBES first reported, Ocean maneuvered his way out his contract with former publisher Def Jam and its parent company Universal Music Group (UMG) by releasing a 45-minute visual album titled Endless earlier this month. That release fulfilled Ocean's contractual obligations to Def Jam and Universal, sources close to the situation told FORBES, paving the way for the artist to drop Blonde on his independent label Boys Don't Cry, which is not affiliated with Def Jam.
MTV says it will consider airing its Video Music Awards live across the country in future years, a reflection of how the annual celebration of pop culture is increasingly being experienced online instead of on television.
This year's show, featuring a 16-minuteBeyonce mini-concert, four performances by Rihanna and a Kanye West monologue, was watched by 6.5 million people on one of the 11 Viacom networks that aired it, the Nielsen company said. That's sharply down from the 9.8 million who watched the 2015 show.
MTV's Video Music Awards may have been the talk of Twitter Sunday night, but the music show failed to draw a television audience on par with past installments.
The 2016 VMAs, featuring performances by Beyoncé, Rihanna and Britney Spears, among others, drew 6.5 million total viewers across MTV and 10 Viacom-owned sister networks, according to Nielsen live-plus-same day numbers. That's down 34% from last year's roadblock telecast across the same 11 channels.
Last year was the first in which the VMAs were carried on all Viacom's cable channels. The 2015 version's cumulative live-plus-same day audience was down 3% from the year prior, when the awards show was carried on MTV, VH1 and MTV2.
Dierks Bentley, Cam and Keith Urban will help announce CMA Awards nominations on Wednesday (Aug. 31) on ABC's Good Morning America.
The three artists will appear live from the Grand Ole Opry House during the half-hour segment that begins at 8:30 a.m. ET.
The Opry House served as the home to the CMA Awards from 1974 to 2004.
Missed the Video Music Awards last night? Well now you can catch some of the event's biggest hits on Vevo. The streaming service now hosts a number of top VMA performances, including those by Ariana Grande, Nick Jonas, The Chainsmokers and Britney Spears.
In the past, VMA performances were only available on the MTV website after the event, and the new distribution agreement comes as a surprise move after years of competition between MTV and Vevo.
"For Viacom/MTV they get access to an enormous digital audience, as we're currently delivering over 18.5 billion views per month for our content, to ensure maximum reach for this content," a Vevo spokesperson told FORBES. "For Vevo, we get access to timely and unique live performances for many of our platforms top established and emerging artists, which is good for our reach and to further support continued strong traffic amongst the performers existing Vevo video catalogs."