September 17, 2013 |
Streaming music pioneer Rhapsody, one of the first digital music companies to offer access to songs through monthly subscriptions, has cut its staff by 15%. Also, its president, Jon Irwin, is stepping down and will continue as a strategic advisor. Rhapsody International, the service's parent, said Monday that the layoffs were concurrent with New York investment firm Columbus Nova Technology Partners' taking a large share in the company....
July 24, 2013 |
Digital music is expected to surpass physical music sales within the next several years as revenue from downloading and streaming increases and the overall business shrinks, according to a new report. Digital music is picking up share and will account for the majority of the industry's sales by 2017, said the report from from Siemer Ventures, the investment arm of Santa Monica-based merchant bank Siemer & Associates LLC. Part of that growth is coming from streaming on a plethora of services , including Pandora, Clear Channel's iHeartRadio, Spotify, Rdio and MOG, as well as online video companies such as YouTube and Vevo. RELATED: Despite concerns, it's full-steam ahead for music industry The streaming space is getting more crowded with big players, including Google Inc.'s recently introduced offering and the impending launch of Apple Inc.'s iTunes Radio . The growth will continue as companies offer new services, such as streaming in cars, said John Rudolph, a senior advisor at Siemer.
April 3, 2013 |
Amazon.com's AutoRip, which gives customers free digital copies of CDs they purchase, is now available for vinyl records -- including those purchased in the past. Starting Wednesday, when customers buy AutoRip-eligible vinyl records, MP3 versions of the music will be automatically added to their Cloud Player libraries where it will be available for immediate playback or download. And customers who have purchased AutoRip records at any time since Amazon first opened its Music Store in 1998 will find digital copies of those albums in their Cloud Player libraries free.
February 26, 2013 |
When is 13 a lucky number? When it's the number of years it's taken for the music industry to post its first yearly increase in global recorded music sales, which is what happened in 2012, according to new figures from the International Federation for the Phonographic Industry . The group's annual Digital Music Report , issued Feb. 26 in London, noted that overall music sales rose from $16.2 billion to $16.5 billion, or 0.3%, from 2011...
February 13, 2013 |
Amazon Cloud Player is now available in Ford Sync AppLink-equipped vehicles, so owners can wirelessly connect the Amazon MP3 app on their Android smartphone to the Sync connectivity system to access their music library in their car using voice commands or audio controls. Ford AppLink-equipped vehicles include the 2013 Ford Fiesta, Mustang, Focus, E-Series, C-MAX Hybrid, Expedition, Fusion, F-150 and Super Duty models. Amazon said the integration of its cloud player with Ford vehicles would help drivers get rid of CDs, wires and other ways they used to connect and listen to their music in the car. It also frees up local storage space on phones by storing and accessing music in the cloud.
January 11, 2013 |
Is Pandora co-founder Tim Westergren a band's biggest enemy or best ally? Last year, he began lobbying Congress to lower digital music royalties, a move that made him appear a soulless businessman all too eager to bite the hand that feeds him. (After all, Pandora is nothing without its music.) But at this week's Consumer Electronics Show in Las Vegas, Westergren cast Pandora in a different light. “Speaking to a room full of technology executives and policymakers, [Westergren]