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
Teens value video platforms for music discovery and social engagement, but, as they develop as music consumers, look to audio streaming services and are more prepared to pay for music.
The latest in a regular series of Insight Sessions was held earlier this week (27/6), unveiling new music research by Mark Mulligan of MiDiA Research – Generation Z: Meet the Young Millennials.
The report for BPI/ERA explores the music consumption habits and social media behaviour of today's...
Posted on: 28/06/2017Categories: News from RotD
BIME Pro will return October 25th- 28th 2017 to celebrate its fifth anniversary in Bilbao, with what promises to be its most diverse and inspiring conference line up to date.
The annual music, tech and games get together is the largest meeting point in Europe for Latin American entertainment industry executives, allowing them to network and explore ideas with a wider multinational audience.
BIME Pro 2017 will be held once again at the BEC! Centre in Bilbao, with a host of speakers...
Posted on: 28/06/2017Categories: News from RotD
Singer-songwriter Andy Partridge has signed a worldwide deal with Warner/Chappell Music (WCM), the music publishing company of Warner Music Group. The deal covers his most recent solo releases and all of his ongoing songwriting.
Best known as the co-founder, main songwriter, guitarist and lead vocalist of the band XTC, Partridge has also written for other artists ranging from Jamie Cullum to The Monkees in a career spanning five decades.
Posted on: 28/06/2017Categories: News from RotD