Music Industry News

Still Holding $5.7 Billion In Debt, iHeartMedia Says Its Restructuring Is ‘Successfully Completed’

iHeartMedia has officially ended its restructuring process. With the balance sheet restructuring, iHeartMedia’s debt dropped from a whopping $16.1 billion to ‘only’ $5.75 billion. CEO Bob Pittman says he’s pleased to have a capital structure that matches the operating business. “The focused dedication of our employees and the unwavering support of our new owners and […]

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Music Industry News

Seven Years Later, the RIAA & MPAA Are Still Litigating Against MegaUpload

Yesterday, the RIAA and the MPAA received bad news in a federal courtroom. The U.S. District Court for the Eastern District of Virginia has granted Megaupload yet another request to put the case on hold. Federal authorities in New Zealand and the U.S. shut down MegaUpload more than seven years ago. In April 2014, the […]

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Music Industry News

Nicki Minaj Reportedly in Talks with Irving Azoff’s Full Stop Management

Late last summer, Nicki Minaj went nuclear on Irving Azoff. Following the news that she had indefinitely postponed the American leg of the ‘NICKIHNDRXX’ tour, the hip-hop artist went to war against the influential music executive. Minaj’s much-hyped North American tour had suffered from ridiculously low ticket sales.  A Live Nation source revealed sales “weren’t […]

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Music Industry News

0 for 4 — YouTube’s CEO Susan Wojcicki Once Again Pleads with Artists to Shut Down the Copyright Directive

Undeterred by the Copyright Directive’s passing, YouTube has vowed to fight on, hoping to pay artists and creators much, much less in the process. YouTube isn’t exactly happy about the European Union’s new law, the Copyright Directive. Specifically, the popular video platform has long targeted a controversial measure in the bill – Article 13 (now […]

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Music Industry News

Post-Ticketfly, Pandora Integrates Ticketmaster Shows Into Its Artist Streams

Pandora has officially announced its partnership with Live Nation-owned Ticketmaster. At its core, this partnership is designed to match fans with targeted concert tickets, specifically when the artist is top-of-mind.  The tie-up means that live event promotion will be integrated with listening, potentially creating impulse ticketing buys. Concert and touring information is being pulled from […]

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Music Industry News

Woodstock 50 Cofounder Insists the Event Isn’t Cancelled — “It’s Gonna Be a Blast!”

Woodstock founder Michael Lang has written an open letter emphatically stating that Woodstock 50 is still on — despite a cancellation notice sent by investors. Yesterday, we covered a letter sent to the media by a lead organizer and investor behind Woodstock 50, Dentsu Aegis Network. No specific reasons for the cancellation were cited in that […]

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Music Industry News

Recent Spotify Update Breaks Lockscreen Controls for Potentially Millions of Users

For the past month or so, Spotify users have remained vocal in their disappointment over a recent update on Android. With the service now reaching 217 million monthly active users (MAUs), it’s only natural that a user base this large would remain vocal on any bugs and poorly rolled out features. Case in point.  Several […]

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Music Industry News

Amazon Will Spend $7 Billion This Year in Video and Music Content Alone

Can Amazon overtake rivals in both the streaming video and streaming music markets? In order to take on streaming video giant Netflix, Apple unveiled a $1 billion spending plan on original content. Unsurprisingly, the Cupertino company’s strategy won’t rely on licensing content from Netflix.  Instead, the new platform reportedly remains close to locking down deals […]

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Music Industry News

Taylor Swift’s ‘Me!’ Shatters Multiple Records on YouTube Music and Amazon

Taylor Swift has made history anew. The 29-year-old pop singer’s recent music video, ‘Me!,’ broke several records across multiple platforms. The music video, which features Panic at the Disco’s Brendon Urie, broke YouTube’s record for most views in a 24-hour period by a solo artist.  Swift’s song hit 65.2 million views in a single day. […]

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Music Industry News

Paste Media Group Purchases NoiseTrade from Failed Platform PledgeMusic

No, the NoiseTrade purchase doesn’t mean artists will finally get their money from PledgeMusic. You know the story by now. Last year, British crowdfunding platform PledgeMusic withheld payments to artists and bands. Blaming a ‘transition in payment platforms,’ the company continues owing artists hundreds of thousands of dollars – likely much, much more. Last summer, […]

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