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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
Bloomberg:
Sources: Verizon plans to start selling a live online TV package with dozens of channels this summer, separate from go90   —  Verizon Communications Inc. has been securing streaming rights from television network owners in preparation for the nationwide launch of a live online TV service, according to people familiar with the matter.
Mar 30, 2017, 6:45 PMIn context
Lucas Shaw / Bloomberg:
Sources: Facebook is in talks with record labels about licensing their music, focusing on how to prevent copyright violations in user-generated videos   —  Social network seeks accord for user videos, and possibly more  —  Music clips could lure ads away from $70 billion TV industry
Feb 13, 2017, 3:30 PMIn context
Bloomberg:
Pandora's stock up 16% on reports of a possible sale; sources say Sirius XM approached the company again and Pandora has reached out to other potential suitors   —  Board hasn't responded to new engagement from Greg Maffei  —  Pandora advisers have begun soliciting interest from buyers
Dec 2, 2016, 9:00 PMIn context
Bloomberg:
Sources: Apple to cut its 30% App Store fee to 15% for video streaming apps if providers integrate their service with its TV app   —  Move comes as Apple prepares to roll out a new TV app  —  Video partners had been frustrated with Apple's revenue slice  —  Apple Inc. plans to cut the amount …
Nov 16, 2016, 9:00 PMIn context
Lucas Shaw / Bloomberg:
RIAA report: US music streaming revenue grew 57% to $1.6B in the first half of 2016 and accounted for almost half of industry sales   —  Popularity of online listening offsets plunging album revenue  —  U.S. industry poised for second straight year of sales growth
Sep 20, 2016, 10:55 AMIn context

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