SiriusXM added 210,000 subscribers to its satellite radio service last quarter, while it’s Pandora streaming music service added just 33,000 paid subscribers. By contrast, Spotify added 5 million paid users in the same three months. Shares of Sirius XM declined 0.5% in premarket trading Thursday, on missed profit expectations. THIRD…
Category archives: Startups & Funding
PledgeMusic Owes $9.5M Leaving ‘Little Prospect’ That Artists Will Be Paid says UK Court
[UPDATE] PledgeMusic entered liquidation with $9.57 million in debt and assets worth just $20,000, according to court documents obtained by Hypebot. With an "estimated deficiency" of $9.5 million and secured creditor Sword Row, LLC first in line, there is "little prospect" that artists and other creditors will be paid, according…
5 Cutting Edge Music Tech Startups Vie For Music Innovation Prize By Web Summit
Five up-and-coming music tech startups will compete for the first Music Innovations Prize at the 2019 Web Summit in Lisbon, Portugal next month. This is the first time the competition is held by the Web Summit as part of the conference’s MusicNotes stage program. The lineup for the first Music…
YellowHeart Gives Artists, Promoters Ticket Resale Control
YellowHeart hopes to give artists and promoters control of how and at what price their tickets are resold. Founded by serial music entrepreneur Josh Katz and The Chainsmokers manager Adam Alpert, the blockchain-based startup will launch in Q2 of next year. YellowHeart empowers artists and event organizers to set up…
YellowHeart Gives Artists, Promoters Ticket Resale Control
YellowHeart hopes to give artists and promoters control of how and at what price their tickets are resold. Founded by serial music entrepreneur Josh Katz and The Chainsmokers manager Adam Alpert, the blockchain-based startup will launch in Q2 of next year. YellowHeart empowers artists and event organizers to set up…
Deezer Signs With Targetspot, Flirts With IPO
[UPDATED] Deezer, has signed a two year deal with Targetspot, the digital audio ad platform, to be the exclusive seller of the music streaming service’s audio advertising inventory in five countries. Targetspot will sell Deezer’s audio ad inventory in the United States, Canada, The Netherlands, Spain and Italy. Deezer has…
Five Vectors Raises $1M To Connect New Artists with Gaming
Five Vectors, a start-up that works with emerging artists to produce music for gaming audiences has raised $1 million in seed funding, led by BITKRAFT Esports Ventures. BITKRAFT has been on a spree of investments in esports-related projects this year including Strafe’s esports hub, Ready’s esports platform, Tonk Tonk Games’…
Ticketing Exchange Platform Lyte Adds $15M In Funding
San Francisco based ticket exchange platform Lyte has secured $15 million in Series A financing to drive the development of the platform and scale operations. Jackson Square Ventures was joined by Industry Ventures, Accomplice Ventures, and Correlation Ventures to close Lyte’s latest funding round, alongside entertainment and technology industry insiders…
Bridging The Entertainment Gap Between China, The US
While music streaming is undeniably a global business, a lot of artists are missing out on certain international revenue opportunities owing to cultural and geographic differences, such as those that exist between the US and China. Fortunately, Far East Global thinks they have a solution to this problem. ___________________________________ Guest…
Lyte Empowers Fan-Friendly Ticket Resale
Lyte is on track to secure $100 million in North American event ticket reservations in 2019. The platform empowers fans to return their tickets to live events and join an event’s reservation list to get authentic tickets at a fair price while giving artist, promoters and venues more control of…