BUSINESS TRENDS: CLEAR CHANNEL HAS A NEW NAME
Clear Channel Communications has changed its name to Clear Channel Media & Entertainment, according to sources. The media giant stated that the name change was needed to better reflect the diverse ways the company delivered content to its listeners in the digital age. "Radio is both our history and the foundation upon which we will grow our company moving forward," John Hogan, CEO of Clear...
BUSINESS INNOVATION: INTELLITIX IS SET TO REVOLUTIONIZE THE TICKET INDUSTRY
Intellitix, the self-proclaimed leading global provider of radio frequency identification (RFID), is set to revolutionize the ticketing industry for live events by making ticket fraud, the secondary ticket business, and long lines obsolete. How is the Canadian-based company able to achieve such as feat? By introducing a technological,...
BUSINESS INNOVATION: A STOCK MARKET FOR MUSIC?
Can you imagine having the opportunity to purchase a percentage of the rights to one of your favorite band’s hit songs just as if you were buying stocks in Apple? Well, Tunerights has made that scenario possible! They have incorporated the functionality of Wall Street and packaged it to the ever-evolving music industry. Tunerights calls it a “stock market for music,” which is exactly what it is and delivers a real-time stock market for music copyrights....
BUSINESS MANAGEMENT: THE YUCAIPA COMPANIES ACQUIRE ARTIST GROUP INTERNATIONAL (AGI)
Y Entertainment Group, a new music and entertainment company formed by the investment firm Yucaipa Companies, has acquired the premier independent music booking agency, Artist Group International (AGI). Dennis Arfa, who founded AGI twenty-five years ago, will remain as the head of the agency that represents such artists as Rod Stewart, Metallica, Billy Joel...
BUSINESS MANAGEMENT: NEXT BIG SOUND RECEIVES SERIES-A FUNDING
On Tuesday, January 3, Next Big Sound, a music analytics company, announced that they have accumulated a Series-A funding round of $6.5 million, which...
BUSINESS LEGALITY: UNIVERSAL MUSIC GROUP SUES GROOVESHARK
The next big lawsuit in the music biz comes from Universal Music Group, the world’s largest record label, who is suing Grooveshark, a popular music streaming website, for copyright infringement. How much is Universal suing for? The answer to that question is $17,000,000,000, which is what the label declared Grooveshark owes them...
BUSINESS TRENDS: PANDORA TO SELL POLITICAL ADS
Next year will be prime-time for political advertisements and a number of online companies are prepping up to take a share of the revenue that these ads can generate. One such company that is eager to get a slice of the political pie is Pandora, a prominent music streaming service....
BUSINESS MANAGEMENT: VAN HALEN SIGNS WITH INTERSCOPE
After 35 years of marriage to Warner Music, Van Halen is swapping labels and will be joining the Universal Music Group's family at Interscope. The upper management at Universal and Interscope pounced on the opportunity to sign the rock band after receiving word of their availability. They prepared a global strategy consisting of merchandising, marketing, touring, and recordings for Van Halen to ensure their success....
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