Tag Archives for " Sirius XM "
If you’re a Pandora user, the service that you know and hopefully love may very well be different in the next month. That’s because an investor revolt looks to be forcing the company’s sale, according to an enlightening expose’ by Music Business Worldwide, and that could come within the next two weeks by the way things are shaping up within the company.
Apparently on last Friday March 3rd new directors were scheduled to be nominated, and founder and CEO Tim Westergren’s tenure as a director was coming to an end. Since it was most unlikely that he would be renominated due to investor unhappiness, he managed to postpone the meeting was two weeks in order to gain some breathing room, which doesn’t normally happen in a publicly traded company.
The thought is that that newly appointed directors would force a sale (most likely to suitor Sirius XM) and force Westergren out as CEO. By postponing the meeting, Westergren has a chance to sell the company in that time period and keep his job, or that’s what the speculation would leave you to believe.
Pandora’s share price has taken a beating, dropping 22% since it’s IPO. It dropped 6% just in the last week after the chairman of Sirius XM parent company Liberty Media made a statement about Pandora being overvalued thanks to its operating loss of $343 million last year.
The big investors in Pandora no longer see a way to make the big money they were betting on and just want to get at least some of their money back as soon as possible, so they’re forcing the issue. That’s why you’ll see a change coming to Pandora one way or another very soon. It probably won’t go away as a company, but you can bet that by the end of the year it will be a far different service than it is right now.
Here’s the Music Industry News Roundup for the week of January 20th, 2017. We’re back in the swing of things as everyone hits the ground running in the new year. Here are some of the news highlights for the week.
There’s speculation that Sony Japan is tiring of the entertainment business and might now want to sell out. That means Sony Music and Sony/ATV publishing as well. Could the 3 major labels soon be down to 2?
It looks like Sirius XM is still interested in buying Pandora. But only at the right price. Pandora is in trouble, so that price is sure to be coming down to where Sirius likes it soon.
There are predictions that the US radio industry is going to change big time soon. Back to local and away from big station groups, as iHeartRadio is in big financial trouble that could start the change. This is a good thing.
The long term trends in radio don’t look good. Despite what you might read, fewer people are listening to radio, a figure that looks like it will only decrease. Is it because of the product (too many commercials) or the format? Could a big industry shakeup change the trend?
Norway shuts down its analog radio system. It’s trying to make a clean shift to digital. This is for national stations only though, as lots of independent analog stations will still stay on the air.
Facebook has decided to stop paying publishers for live videos. It seems like this was just a short term deal to establish the format and now it wants to put more emphasis on long-form videos instead. This is no-doubt because it will soon be inserting mid-roll ads after 20 seconds, so the longer the video, the better.
Apple is looking to produce TV content. Could this be Netflix/Amazon envy, or has it just lost confidence in the core product of Apple Music?
The hottest selling metal records of 2016 holds a surprise. Metallica holds 6 of the top 10 spots and is still selling physical product like crazy.
Music streaming now has more paying users than Netflix. Of course, Netflix is only one company, while the more than 100 million music streaming subscribers is across all the streaming networks world-wide.
10 virtual reality observations. Will it be the next big thing? It could be, but probably not in the way you think.
That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!
Here’s the Music Industry News Roundup for the week of January 13th, 2017. Everyone is back from holiday vacation and the year is starting to get busy. Let’s see what’s in the news.
Pandora lays off 7% of its workforce. Things are getting tough in streaming land as the company tries to overcome a cash crunch.
Deezer’s Chief International Officer jumps ship to newspaper publisher and SoundCloud’s co-founder takes a new position as well. The big shakeup in streaming is beginning now. There will be far fewer players by mid-year.
Instagram is dropping ads into stories. Not a lot of people are happy about it. Will it kill what until now has been the golden goose? Will musicians make money?
Snapchat is trying hard to make itself important to the music business. You know what? It’s succeeding.
YouTube is running a contest to find someone to create the official music videos for some of Elton John’s biggest songs. “Bennie And The Jets,” “Rocket Man,” and “Tiny Dancer” never had videos but now they will. Don’t forget that Elton recently publicly railed against YouTube for its tiny payout, but he’s in bed with them now.
iHeart Radio officially launched it’s subscription service. $5 and $10 per month tiers, but will people actually pay a monthly fee for radio that they can get free?
Universal and Sony Music lead in streaming market share. Tunecore leads in indies, which is the only surprise here.
Ed Sheeran breaks the all time Spotify record 3 times in 2 days. 46.5 million streams from latest two releases in just 4 days. Boy, that guy is scorching hot.
Labels are rereleasing classic albums to try to skirt copyright law. In the EU, older albums can go to the public domain under the right conditions, and the major labels are exploiting it.
It looks like the era of print music critics has come to an end. The few that are left (it’s estimated there are only 10) are given multiple jobs on the paper or magazine outside the arts. There’s no sense trying to get a magazine or newspaper review anymore.
Pandora’s stock dropped like a rock after reports that Sirius XM’s acquisition was unlikely. This is a company in trouble, and it doesn’t look like any help is on the way.
Music is the fastest growing form of entertainment in the UK. Streaming is leading the way, but I’m not sure what that actually says about the health of the industry.
That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!
Once upon a time the only way to hear music while driving was through the radio. Of course you were at the mercy of the station of what you were listening to, but thanks to the 8 track tape, cassette tape, and then the CD player, you could personalize your listening experience. Today there are many more choices for music listening available in the car, and a new study by Music Biz Consumer Insights and LOOP gives us more details into not only the technology choices, but the listener ages as well.
Interestingly, 75% of respondents said they still listen to AM/FM radio, while CD listening came in second at 38%. Digital music files had 18% and streaming Internet radio had 15%, while podcasts were at just 6%.
Age has a lot to do with how we listen however, and the younger you are, the less you rely on traditional in-car technology. The study found that 29% of ages 20 to 24 listen to digital music files and 26% listen to streaming Internet radio. That’s almost the same for the 25-34 group, which come in at 28% and 29%, respectively, while teens aged 15-19 posted 23% and 22%. Digital music files were somewhat common for the 35-44 group as well, as 26% listened to digital music files, but older than that dropped below 20%.
The traditional auto CD player seems to be falling by the wayside as 60% had an in-car CD player, but it really depends upon the age group. CD player ownership was most common for the 25-34 group and older, while ages 16 to 19 had just 38% CD player ownership and the 20-24 group reported 41% ownership. Just 31% had some sort of in-car phone audio connection, such as a wired or wireless aux input, and millennials are most likely to own phone adaptors at 43% for the 20-24 age group and 44% for ages 25-34.
But here’s the thing, even though CD players in autos are somewhat common, they aren’t regularly used. Just 23% said they use their in-car CD player daily, compared with 48% daily using their phone audio connection.
The study also looked at Sirius XM’s satellite radio use. Just 17% of all respondents said their cars could stream Sirius XM, but 76% of those listen to it at least once a week and 54% listen daily.
The bottom line: music consumption in our cars is slowly changing, even for the older age groups, and it won’t be long until we’re in a two choice world – radio or digital.
Here’s the music industry news roundup from the last week. There’s much more diverse news than previous weeks, but streaming continues to dominate the conversation.
Taylor Swift is the highest earning celebrity. The thing is, she didn’t get that way from selling music. She learned early that it’s the brand that sells.
Elizabeth Warren has it in for music monopolies. She has her eye keenly on Apple, Google and Amazon. This is not the person to have angry with you, regardless how large the enterprise.
Spotify’s trying some hosted radio shows. It seems like Apple Music’s Beats 1 is making an impact, so Spotify’s trying something similar, but without the big name DJs.
Spotify looks to go public this year. In related news, 5 sources have stated that the company will file an IPO soon. I bet the investors are happy at the prospect of getting some money back, but what will the market say?
Sirius XM subscribers pass 30 million. Everyone thought that the satellite business was dying, but that’s not the case at all. You know what? It’s all about the programming (something that terrestrial radio should learn).
Pandora is teetering. The major shareholders aren’t happy and they’ve brought in a high-powered consultant to explore a sale.
Artists not seeing much from secondary ticketing. Not much of the money made by Stubhub, Viagogo or Ticketmaster seems to be making its way back into the pocketbooks of the artists. Isn’t this a bigger issue than YouTube royalty rates?
Selena Gomez social media posts are worth $550,000 a piece. Astonishing but apparently true, Ms Gomez ranks #1 with sponsors who are willing to pay to be included in her posts.
Nielsen’s mid-year charts. Drake, Adele, Rhianna dominate. No surprises here except for Bowie’s Blackstar being the #1 vinyl album so far (but with only 57,000 copies sold). Sales are still falling, with Adele’s 25 leading the pack with only 1.4 million in sales.
That’s the News Roundup of what went on in the music industry last week. Let’s see what next week brings.