Flunked streaming music firm Guvera is being investigated by the Australian Securities And Investments Commission over allegations it misled inexperienced investors who have been left wondering what happened to the $180 million that was pumped into the company.
As previously reported, Australia-based Guvera finally crashed out of business last month. The company had never really recovered from its failed attempt at an Initial Public Offering a year ago, when the Australian Securities Exchange...
Posted on: 28/06/2017Categories: News from CMU Online
Hey, so you remember that week when Ed Sheeran pretty much took up the entire UK top 20 singles chart, and everyone said the charts were broken and the Official Charts Company should do something about it? Well, the Official Charts Company has done something about it. It's made everything slightly more complicated. Hooray!
The last big change in the singles chart was back in 2014 when streaming data was first added to it. There it was deemed that 100 plays of any track was equivalent to...
Posted on: 28/06/2017Categories: News from CMU Online
Pandora CEO Tim Westergren is stepping down from the role, according to sources who have spoken to Recode. Meanwhile, AdNews has reported that the streaming service's operations in Australia and New Zealand are closing down, meaning it will become a US-only business once again.
A co-founder of the streaming business, Westergren was also CEO at Pandora in the early days of the company. He returned to the position last year, to the displeasure of some investors. Major shareholder Corvex...
Posted on: 28/06/2017Categories: News from CMU Online