Wiz Khalifa, who is one of the world’s top recording artists, is an avid fighting enthusiast. So much so that he’s placed his financial backing into the Professional Fight League (PFL) as part of its ownership group. After starting as a boxing fan and subsequently gaining attraction to MMA, Khalifa …
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Music streaming can be something of a catch-22 for fledgling artists: You can’t break through without impressive streaming numbers, and it’s hard to get impressive streaming numbers without breaking through. Spotify is making an attempt at leveling the playing field. On Wednesday (May 26th), the streaming service announced its new …
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Tidal announced Thursday that a majority ownership share in the streaming service had been purchased by the financial service company Square, owned by Twitter’s Jack Dorsey. Square will pay $297 million in cash and stock for the “significant” majority ownership stake in Tidal, after which time Jay-Z, as a Tidal …
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Universal Music Group, the world’s largest music company, has launched a paid internship program specifically for Historically Black Colleges and Universities, the company announced Thursday. UMG partnered with the Thurgood Marshall College Fund, which represents publicly funded HBCUs across the country, calling itself the largest organization representing black colleges exclusively. …
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Indie band Mother Mother formed in 2005, but it just made an entrance on Rolling Stone’sArtists 500 Chartlast week. The Vancouver-based group also debuted at Number 11 on September’s Breakthrough 25 Chart, which monitors the fastest-rising artists each month. Even though Mother Mother hasn’t released new music in two years, …
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Muzak is in trouble. Since 1934, the popular company has been providing retailers with musical strategies to boost worker productivity, encourage consumerism, and manipulate mood in a brick-and-mortar experience. Muzak was purchased in 2011 by Austin-based Mood Media, which also specializes in the manipulative power of carefully curated scents, decor, …
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The fortunes of the global record industry can be neatly summed up in three stats: Its peak came in 1999, back when Ricky Martin wasLivin’ La Vida Loca, as the world’s record companies generated nearly$29 billion; by the close of 2013, according to IFPI data, that number had been slashed …
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Spotify‘s fourth quarter of 2018 saw the10-year-old Swedish music-streaming company posting an operating profit for the first time, adding 9 million premium subscribers, expanding into 13 new markets and positioning itself to be something much bigger than just a music service. The company posted its fourth-quarter earnings (pdf) before the …
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High-end speaker company Sonos made a triumphantdebut on the Nasdaq Thursday, raising $208 million and grabbing a $1.8 billion valuation, not to mention redesigning the stock market’sopening bell. But while thecompany’s stock rose 33 percent over its initial public offering price — it was $15 on Wednesday night but closed …
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