Tuesday Oct 14th,
Thoughts from the CEO:
There seems to be a new consolidation happening in the industry. EDM companies are being rolled up. Tech companies are being purchased. Management companies are joining forces.
At both SoundCTRL and NUE Agency, we’ve always remained nimble, as we quickly learned it was the best way to learn many facets of the industry, work with different types of companies and form creative collaborations.
I think this growth of conglomeration in the industry is good for business, and it continues to be seen that collaboration is the key to success - especially in Music Tech.
This past week Live Nation bought a controlling stake in C3.
C3 is one of the best independent promoters I’ve ever had the pleasure of working with. Their festivals are top shelf and they have a passionate, savvy team. This will be great for Live Nation, who will finally have a base in Austin plus ownership in platforms like Lollapalooza & ACL.
Speaking of Live Nation our next #CRWN production is with The King of the South, T.I.! We proudly announced this this morning so be quick to get your tickets before they're gone. See you at Gramercy Theatre on Oct 28th!
STREAMING & SUBSCRIPTION
Major Labels Unhappy With SoundCloud's Terms, Negotiations Halt
SoundCloud struggles to develop sustainable business model
Without major label backing, monetizing content they do not hold the rights to remains highly illegal
Universal is no longer negotiating w/ SoundCloud
MUSIC
Yahoo Execs To YouTube Stars: We'll Pay You More On Tumblr
via Business Insider
Yahoo wants to turn Tumblr into company's own YouTube
Strategy: improve ad revenue and offer guaranteed ad rates for videos
Poached YouTube stars will set up their new channels - on Tumblr
TECH
With New $400M Fund, Thrive Capital is NYC's Quietest Success Story
via Fortune
VC focuses on companies building new forms of self-expression, communication or networking
Investments include: Spotify, Instagram, Twitch, Kickstarter
Founder says; many industries w/ proven biz models, who represent large portion of GDP, yet to be transformed by tech
Jukely Raises $2.4M, Launches Concert Subscription Service
Matchmaker for concerts and friends nearby, make or join a group going to a show together
Users can invite friends to events and buy tickets
NYC pilot program launched: Invited users can attend unlimited number of concerts for $25/mo!
A Houston Radio Station is Playing Beyonce 24 hours a day
via The Verge
Station formerly a 24 hr news station
No commercials, unless you count Beyonce talking about watermelons & Vogue
Presumably a temporary move, Radio One is "stunting" to promote station
Live Nation in Talks to Acquire promoter C3 Presents
via Hypebot
Deal would give Live Nation majority stake in Lollapalooza, Austin City Limits
C3 Presents valued at $250M
Deal helps Live Nation expand internationally, as C3 has grown the Lolla brand in Latin American markets
Pandora Shares NYC's Favorite Genres By Neighborhood
via Billboard
Pandora ranks which genres their listeners & subscribers choose to play in what area
Figures are significant because Pandora controls 78 of Internet radio
Genres include everything from '80s hip hop to contemporary gospel
Pasquale Rotella Announces EDC LV Megastructure Is Coming To Escape
via EDM Sauce
Structure is the largest that has ever been built, featuring LED panels on ceiling that lower to crowd
Armin Van Buuren will close final day as Avicii's replacement
Check out Escape's SoCal's incredible lineup here
SeatGeek Grabs $35M Investment
via Re/Code
SeatGeek lets ticket seekers search for and compare ticket prices from a variety of websites
Discussed possible sale to Live Nation earlier this year
Raised a $35M investment from Accel Partners, plus athletes like Peyton & Eli Manning