Tag Archives: music-industry

When Tunji Balogun was young, a series of black superstars soared through mainstream pop music — Michael and Janet Jackson, Prince, Whitney Houston. “I remember growing up with tons of black faces on my screen,” he says. “But then something changed in the late 1990s, early 2000s: It just kind …

In its entire decade of existence, Spotify has struggled to balance the two tenets of its business — high licensing payouts to artists and labels and a wonderfully cheap monthly fee for users — resulting in a balance sheet that prompts worried squints from investors and music industry analysts. But …

Pandora‘s stockholders have just approved SiriusXM’s $3.5 billion acquisition of the digital music company, which now involves the exit of Pandora CEO Roger Lynch and the installation of SiriusXM CEO Jim Meyer in his place. Following a special stockholder meeting on Tuesday in which 97 percent of votes cast were …

Spotify surpassed 200 million monthly active users at the end of 2018, the 10-year-old streaming service announced during an interview at Las Vegas’s Consumer Electronics Show this week. In November, Spotify said in a financial disclosure to investors that it had 191 million monthly active users, 87 million of them …

Here’s music for the music business’s ears: U.S. consumers’ spending on audio entertainment is expected to rise significantly this year off of record spending in 2018. On-demand music services are expected to bring in 22 percent more revenue in 2019, rising to $7.7 billion, according to the Consumer Technology Association’s …