iHeartMedia, Inc., the parent company of iHeartRadio, the largest radio broadcasting network in the United States, has filed for bankruptcy, the corporation announced. The company says that it has reached an agreement with creditors to restructure more than $10 billion in debt, cutting down its debt from over $20 billion. A press release notes that…
Why Apple’s Eddy Cue Thinks the App Store Is the Next Popularity Benchmark for Music Streaming
Minutes after Apple announced its acquisition of magazine subscription service Texture on Monday morning (March 12), the company’s senior vp, internet software and services Eddy Cue took to the stage at South by Southwest to share his vision for media curation across music, TV, film, sports and even healthcare. Interestingly, moderator CNN senior reporter Dylan Byers introduced music into…
Spotify New York Stock Exchange Listing Set for April 2
Spotify has set a date for its public offering and the streaming service plans to list shares on the New York Stock Exchange the week of April 2, Billboard can confirm. Bloomberg first reported the news on Sunday night. The date gives Spotify just three more weeks to prepare for its direct listing, which will buck…
Why Music Streaming’s Greatest Hopes Are Spotify’s Toughest Challenges
In some ways, Spotify’s official filing to go public extends much of the same narrative it has heralded to the music industry over the past few years. The company’s paid user base continues to flourish, increasing by 46 percent year-over-year to 71 million subscribers in 2017, out of 159 million total monthly active users. Both…
The Newmans: A Movie Music Dynasty
Of all the Oscar-nominated composers who have recorded at 20th Century Fox, there’s one name spoken with such reverence it’s as if this scoring stage was a chapel: that name is Newman. “There may not be any musical saga quite like the Newmans’,” said film score historian Jon Burlingame. When Robert Redford knocked the lights…
What Spotify Going Public Could Mean for Music Fans
When news spread last week that Spotify had filed papers to start selling its shares on the New York Stock exchange, listeners may very well have tuned out. Is there any phrase more antithetical to the rock’n’roll spirit than “initial public offering”? But what happens to Spotify matters for the future of music, particularly at…
