Tag: Music

Pandora said in an emailed statement the ruling could increase its content costs as a percentage of revenue by 80 basis points. “We disagree with the court’s ruling and will appeal to the same court that ruled in Pandora’s favor in the ASCAP case last week. We strongly believe the benchmarks cited by the court Read More …

Last week, Pandora Media won two battles in its long-running war against the music industry, but on Thursday, it lost one — this time over how much it should pay the licensing agency BMI in royalties. BMI sued in 2013 to raise the rate that Pandora, an Internet radio service, pays to play the millions Read More …

Taking a page out of the discontinued iTunes Ping feature from earlier this decade, the service will allow artists to have their own pages within the streaming music service that they can use to post track samples, photos, videos, and concert updates. Artists will also be able to share the content of other artists in an Read More …

Streaming revenue from the company’s recorded music unit, generated by companies like Spotify and YouTube, grew 33 percent in Q2, Warner CEO Stephen Cooper announced during the company’s earnings call. Warner says digital revenue grew 7 percent overall — which means download sales from outlets like Apple’s iTunes decreased during the same period. Source: Warner Read More …

Online music streaming service Spotify’s revenues leapt 45 percent to top 1 billion euros (£727.8 million) last year, though its operating loss widened due to product development and expansion costs, its holding company said. Stockholm-based Spotify, which provides free on-demand music or ad-free tunes for paying customers, posted an operating loss of 165 million euros, Read More …