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Lucas Shaw / Bloomberg:
Sources: SoundCloud to sell stakes to Raine Group, a boutique bank, and Temasek, Singapore's state investment firm, by end of this week   —  SoundCloud Ltd. is close to selling stakes to the Raine Group and Temasek Holdings, deals that would help stabilize the owner of the popular music-streaming service …
Aug 1, 2017, 9:45 PMIn context
Lucas Shaw / Bloomberg:
Sources: Spotify to double down on original content and fund a new batch of podcasts in coming months, as it promotes shows from established producers   —  Streaming company promotes shows from established producers  —  Top music site tries to diversify offerings beyond songs
Jul 31, 2017, 6:35 PMIn context
Bloomberg:
Sources: Facebook to debut a series of original, short-form videos from partners in mid-Aug., after a number of false starts; longer-form content to come later   —  Facebook's video tab start has been delayed several times  —  Company is asking partners to turn in first episodes now
Jul 26, 2017, 12:45 PMIn context
Lucas Shaw / Bloomberg:
Sources: Facebook, Twitter, and Snap are all seeking online rights to show 2018 FIFA World Cup highlights from Fox, offering tens of millions of dollars   —  Companies are offering tens of millions for selected rights  —  A deal could help Fox boost revenue and defray broadcast costs
Jul 6, 2017, 12:30 PMIn context
Bloomberg:
Sources: Apple seeks to reduce the 58% share of revenue labels get on Apple Music; labels may agree if subscriptions expand and other criteria are met   —  Labels' deals with Apple expire in the next couple weeks  —  Apple Inc. is seeking to reduce record labels' share of revenue from streaming …
Jun 21, 2017, 11:40 PMIn context
Lucas Shaw / Bloomberg:
Music rights agency Merlin distributed $353M to its member indie labels, up 52% YoY, with most of the growth coming from streaming services   —  Thanks to streaming, Merlin sees 52 percent jump in sales  —  Streaming services helping indies reach global listeners
Jun 12, 2017, 6:20 AMIn context
Lucas Shaw / Bloomberg:
Pandora announces $150M investment from private equity firm KKR as it posts $132M Q1 loss, resignation of two board members, new independent board committee   —  Pandora Media Inc. received $150 million from KKR & Co. and will step up its efforts to explore strategic options, including a possible sale of the internet radio company.
May 8, 2017, 6:45 PMIn context
Bloomberg:
YouTube producing a half-dozen original series this year; source says it will spend $100M+ for 40+ ad-supported original shows and movies next year   —  Online service sees opportunity to lure big national sponsors  —  Paid Red service gets budgets matching HBO, Showtime programs
May 4, 2017, 9:00 PMIn context
Bloomberg:
Jimmy Iovine says Apple will introduce a new version of Apple Music that better showcases video alongside the next version of iOS   —  The company wants to turn its music app into a one-stop shop for pop culture.  —  Subscribe Reprints  —  Will.i.am was shopping a reality show to TV networks …
Apr 27, 2017, 12:27 PMIn context
Bloomberg:
Sources: Comcast plans to debut an online video service offering hit shows from its NBCUniversal TV networks in the next 12 to 18 months   —  Service said to include NBC programs, perhaps SyFy, Bravo, USA  —  Regulatory restrictions hamstring cable giant until next year
Apr 10, 2017, 4:20 PMIn context

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