Audio self-publishing service SoundCloud is at the centre of a rumour frenzy after reports surfaced that it has been struggling to raise the $100 million it needs to survive.
Investors value the brand in the region of $700 million – a $70 million cash injection from Twitter last year pegs it at the same amount – however the team will apparently listen to offers which exceed the total amount investment raised to date; a mere $250 million.
Although the economics of the business are murky for the moment, the brand does offer potential for organizations which want to play in the content arena. The team state SoundCloud has 175 million monthly unique users, though this number hasn’t been updated since 2014.
Read Article: Telecoms.com
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Denon Electronics, a leading manufacturer of premium home and personal audio products, is partnering with Mood Media (TSX:MM) to make Mood Mix available on the HEOS wireless multi-room sound system. Moving beyond home use, HEOS now brings its popular wireless music experience to businesses with Mood’s commercially licensed streaming music service called Mood Mix. Through the HEOS app, available for iOS, Android and Fire devices, HEOS users can easily access the Mood music service.
“Our partnership with Mood Media is a clear signal that Denon is committed to making HEOS a staple in businesses across the country,” said Don Freeman, global vice president for marketing and training, D+M. “By combining the services Mood Mix provides along with the many outstanding features that make HEOS products so popular, we are giving businesses the opportunity to provide a sound rich environment to suit any brand and any need.” Continue reading HEOS by Denon Partners with Mood Media to Bring Licensed Streaming Music to Businesses
As much as streaming is now a fact of life in the music industry, in many ways it’s still a grand experiment. But Pitchfork senior staff writer Marc Hogan is particularly excited for the future of streaming platforms.
Read Article: 89.3 KPCC
Think about the last time you actually bought a DVD or a Blu-Ray. Chances are, those purchases are in decline, if you haven’t already stopped buying them altogether. For example, you can stream movies on Netflix (NFLX), Prime Instant Video, or HBO Go. If you wanted to buy/rent a specific movie, you can download it from Amazon, iTunes, or Google Play.
Buying and owning CDs and most other physical kinds of music (with the exception of records, which have been making a comeback in niche groups) are the also way of the past and streaming is the way of the future. Technology has changed the way we listen to music.
It took the music industry more than a decade to embrace streaming music. Now it’s a thing.More precisely: It’s at least a $7 billion-a-year business.
That’s what you get when you combine the 40 million paying subscribers Spotify reported earlier this fall, and the 20 million Apple announced Tuesday, and do some (very) basic math, assuming each subscriber is paying around $10 a month.
So much music, so little time. How can any band cut through all the noise these days?
Stay true to your roots, be who you are between the grooves, and take hands-on control of how your sound comes across to your audience, no matter what format they use to access and listen to what you do. That’s the manifesto the indie-synth Bay Area band Rogue Wave followed for its sixth studio album, Delusions of Grand Fur, out now in various formats via Easy Sound.
“We’re stuck in this netherworld where we’re too indie for pop and too pop for indie, so it’s sometimes hard for our band to get to where we want to be in a mass audience sense,” Rogue Wave vocalist/guitarist/sometimes pianist Zach Rogue admitted to Digital Trends. “Sometimes we feel like we’re orphans in terms of where we reside in this business, but you know what? We have an endless supply of the desire to create songs and continue to explore what we can do with recorded music.”
Source: Digital Trends