Shazam Goes Premium: ‘Encore’ iPhone App Emerges…
One of the most popular – and free – apps now has a premium companion. Shazam is now launching its ‘Encore’ upgrade, a $4.99 (2.99 pound, 3.99 euro) app that offers faster recognition, recommendations, charts, and an in-car mode designed to easily identify songs played on the radio.
Apple Remains the Recessionary Overachiever…
Apple blasted past expectations during its recent quarter, thanks largely to overachieving iPhone and Mac sales. During the three-month period ending September 26th, Apple earned $1.67 billion, or $1.82 a share, up from $1.14 billion, or $1.26 a share during the comparable, year-ago quarter.
Total Bull: Dow Stays Past 10,000; WMG Heads Towards $7…
Wall Street is sticking to its 5-figure status, at least for now, and that helped to boost a pair of music-related shares on Thursday. At the bell, the Dow (DJIA) finished up 0.47 percent to 10,062.94, despite some weakness in the financial sector. Elsewhere, Warner Music Group (WMG) continued its appreciative ways, lifting 6.12 percent to $6.76, while Trans World [...]
And Another Round: Ecast Scores $17 Million…
San Francisco-based digital jukebox company Ecast recently rallied $17 million, according to SEC documents unearthed by paidContent. The round included LG Electronics USA, as well as previous backers Foundry Group, Escalate Capital Partners, DCM and Crosslink Capital.
Goldman Loves WMG+YouTube… But Remains Cautious
The re-embrace of YouTube and Warner Music Group drew cautiously optimistic feedback from Goldman Sachs on Tuesday. In an investor note shared with Digital Music News, analyst Ingrid Chung pointed to a number of upsides on the deal, including hefty advertising percentages for Warner.
Wall Street Wrap: WMG Finally Cools Amidst Mild Declines…
Wall Street was mixed on Wednesday, and the Dow (DJIA) posted another mild loss (down 0.83 percent to 9,748.55). Warner Music Group (WMG) finally cooled, dropping 3.68 percent to $5.76. Sirius XM Radio (SIRI) remained troubled and sub-$1, slipping 0.28 percent to 68 cents. A number of others posted mild declines, including SanDisk (SNDK), RealNetworks (RNWK), Ticketmaster (TKTM), The Orchard [...]
Variable, Sort Of: Amie Street Expands Sony Music Deal…
Amie Street is now broadening its Sony Music Entertainment deal, but modifying its pricing structure in the process. According to details shared this morning with Digital Music News, Amie Street is now positioning both catalog and current artists from the Sony collection. But instead of an Amie Street approach that slides track pricing based on demand, Sony tracks will only [...]
The Murky Tea Leaves on EMI, Warner Music Group…
What happens next with Warner Music Group and EMI? Guys Hands, Terra Firma, and Citigroup are sitting on a toxic asset, one whose debt payments and financial liabilities are monstrous. “Forget about their quarterlies, EMI is all about debt right now,” one major label executive shared with Digital Music News. That demands resolution, and potentially paves the way for a [...]
Icahn no longer roars at Lions Gate
Those who follow the events at Lions Gate Entertainment Corp. — including the movie and television studio’s own management — might have expected “activist shareholder” Carl Icahn to wage a proxy war by now given his growling threats earlier this year.