SiriusXM today announced the acquisition of Automatic Labs Inc., a San Francisco-based provider of connected vehicle services for consumers and enterprises.
Automatic’s data-driven platform enables vehicle owners to be safer and drive smarter.
The company’s proprietary Automatic Pro and Automatic Lite connected car adapters provide vehicle diagnostic alerts, emergency crash assistance, fuel monitoring, access to parking information, live vehicle location tracking and much more. Automatic also works with insurance carriers to enable usage-based savings and teen driver coaching, and works with automotive dealers to provide tools that help manage their vehicle inventory and customer service relationships.
Continue reading SiriusXM Acquires Automatic Labs
Mediachain Labs, designed to explore how the next generation of blockchains and open, peer-to-peer protocols would empower creators to better reach their audiences and earn a living, has been acquired by Spotify.
Brooklyn-based Mediachain Labs has been the driving force behind the Mediachain project, a world-class blockchain research agenda and open source protocol to better manage data that is critical to the health of the music industry.
The Mediachain team will join Spotify’s New York City offices and help further Spotify’s journey towards a more fair, transparent and rewarding music industry for creators and rights owners. Continue reading Spotify Acquires Mediachain Labs
According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million).
Yet despite the popularity of the music industry, musicians often find themselves unfairly compensated.
To rectify this problem, the Open Music Initiative (OMI) and Ujo Music, among others, are attempting to change outdated modes in the music industry to ensure long-term sustainability, with the intent to use blockchain technology to support the creation of music.
Read Article: Bitcoin Magazine
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Gracenote is launching new entertainment data products developed specifically for next-generation converged media platforms and services. The all-new Gracenote connected databases for Video, Music and Sports enable global entertainment providers and smart device makers to leverage industry-leading Gracenote data and IDs to power advanced voice and text search, intuitive user experiences as well as more personalized media recommendations.
The ways people experience entertainment today are dramatically different than just a few years ago. For example, movies and TV shows are now available from multiple services and watched on many different internet-connected devices.
The modern music experience is increasingly about streaming individual tracks and playlists and less about buying albums. Sports fans are now accessing real-time highlights and playing along with fantasy services across various platforms and apps. The next digital entertainment evolution converges all of these experiences together across platforms and services.
Continue reading Gracenote Unveils New Data Products Spanning Video, Music and Sports
Pandora will roll out its Muted Video and Responsive Mobile Display ads to all advertisers on January 19. These new ad formats drive compelling results across the key performance indicators marketers care about most: time spent with ads, brand favorability and intent to purchase.
Originally introduced in June 2016 to select beta partners including Denny’s, Express, Google, the Lexus Dealer Association and Ascent Protein, Pandora’s new mobile ad formats – the first in the company’s Visual Ad Experience suite – present rich display and video ads within the square space typically reserved for album art, leveraging responsive design to seamlessly adjust ads to any phone’s screen size. Continue reading Pandora to Roll Out Muted Video, Responsive Display Ads to All Advertisers
Alex White grew up surrounded by music—his father is a professional cellist and he’s played in several rock bands.But while interning at Universal Music Group, he recognized that using CD sales to sign bands and influence sales decisions was an outdated strategy in the age of streaming.
So he and three Northwestern University classmates launched Next Big Sound, a Moneyball-style big data tool for the music industry. The company’s free software analyzes metrics like social media traffic, streaming statistics and listener demographic information to determine artists’ influence and popularity.
Read Article: Observer