Tag: Reuters

Tencent Plans $4B US IPO That Also Benefits Spotify

Tencent Music, China’s largest music streamer, has reportedly invited investment bankers to pitch how they can guide the company through a U.S. IPO valued as high as $4 billion later. Continue reading

Bruce Houghton on 05/01/2018 in Music Business | Permalink | Comments (0)

Tags: Business Insider, China, Direct public offering, Goldman Sachs, Initial public offering, Investor, New York Stock Exchange, Reuters, Sport utility vehicle, Spotify, Tencent

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SiriusXM Completes $480M Investment in Pandora, 3 Join Board

Pandora and SiriusXM announced Friday that the later has purchased $307.5 million of Series A preferred stock in Pandora, completing the $480 million strategic investment announced on June 9, 2017.

Bruce Houghton on 09/22/2017 in Music Business | Permalink | Comments (0)

Tags: Board of directors, Carrying capacity, Chairman, Chief executive officer, Common stock, Deadweight tonnage, Reuters, Share (finance), Share repurchase, Vishal Sikka

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Ticketmaster Sued After Allegedly Sabotaging Tour

The promoter behind a popular '90s legacy act package show is suing Ticketmaster, claiming the ticketing giant damaged the tour's ticket sales by only showing customers the highest priced tickets. Continue reading

Bruce Houghton on 08/23/2017 in Live & Touring | Permalink | Comments (0)

Tags: Amazoncom, Ebay, Live Nation Entertainment, marketing, NFL, Reuters, StubHub, Thursday Night Football, Ticketmaster, United States

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Amazon Is Eyeing U.S. Ticketing Business

Amazon is reportedly seeking to become a source for event tickets in a move that may challenge Ticketmaster's dominance of the ticketing business.

Bruce Houghton on 08/11/2017 in Live & Touring | Permalink | Comments (0)

Tags: Amazoncom, Ebay, Live Nation Entertainment, Major League Baseball, National Basketball Association, NFL, Reuters, Sports league, Ticketmaster, United Kingdom

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iHeartMedia Stock Fell 24% Monday As Radio, Streaming Giant Flirts With Bankrupcy

iHeartMedia stock fell 23.64% to $2.04 Monday after the company admitted to shareholders that it might not survive the year.

Bruce Houghton on 04/25/2017 in Music Business | Permalink | Comments (0)

Tags: Advertising, Alexa Internet, Amazon Echo, Amazon Music, Amazon.com, iHeartMedia, iHeartRadio, IHeartRadio Music Festival, Napster, Reuters

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iHeartMedia, Largest Owner Of Radio Stations In US, Admits It May Not Survive The Year

Struggling under the weight of $20 billion in debt, broadcast radio conglomerate iHeartMedia has admitted to investors that it may not survive 2017.

Bruce Houghton on 04/24/2017 in Music Business | Permalink | Comments (0)

Tags: Corporate bond, Daewoo Shipbuilding & Marine Engineering, Debt, Debt restructuring, iHeartMedia, iHeartRadio, IHeartRadio Music Festival, Korea Development Bank, Reuters, South Korea

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Discogs Attacked By Pirate Spam On Two Fronts

Popular crowdsourced music database Discogs is being attacked on two fronts – one by pirates posting links to illegal downloads and the other by an anti-piracy outfit filing takedown demands. Continue reading

Bruce Houghton on 04/17/2017 in D.I.Y. | Permalink | Comments (0)

Tags: Bosaso, Cargo ship, Dubai, Galmudug, Indian Navy, piracy, Piracy off the coast of Somalia, Puntland, Reuters, Somalia

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THU. BRIEF: Spotify Readies IPO • U2’s Edge Invests In Coras • Spotify UMG Deal Secrecy Criticized • More

4.5.17 Music Business News From Around The Web The Spotify UMG deal is still dominating the headlines, but will it really change anything? Updated continuously under our More News tab

Bruce Houghton on 04/06/2017 in Music Business | Permalink | Comments (0)

Tags: Airline, Alexis Glick, American English, Andrew N. Liveris, Business Insider, Donald Trump, Facebook, Reuters, Twitter, YouTube

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TUE. BRIEF: Spotify Inks UMG Deal • Social Media Sameness • Sillerman Is Back • More

TUESDAY 4.4.17 Music Business News From Around The Web With the Spotify UMG deal done, the other majors – and then an IPO – will soon follow. Updated continuously under. Continue reading

Bruce Houghton on 04/04/2017 in Music Business | Permalink | Comments (0)

Tags: Airline, Alexis Glick, American English, Andrew N. Liveris, Anthony Bourdain, Business Insider, Donald Trump, Facebook, Reuters, Twitter

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Mitch Glazer To Helm RIAA When Cary Sherman Retires Next Year

The Recording Industry Association of America (RIAA) has announced that Mitch Glazier will helm the major label trade association after current Chairman and CEO Cary Sherman retires in January 2019. Glazier,. Continue reading

Bruce Houghton on 04/03/2017 in Major Labels | Permalink | Comments (0)

Tags: Barack Obama, Donald Trump, Federal Communications Commission, Federal Trade Commission, Internet service provider, Patient Protection and Affordable Care Act, Republican Party (United States), Reuters, United States, United States House of Representatives

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