Every week, we’re sharing the latest news and information for the music industry and technology worldwide.
Get your learn on and stay in the know with Symphonic’s Music Industry News Roundup!
Eventbrite just announced a new Spotify integration that will promote its events to users based on their listening preferences and location. The recommendations will appear in an artist’s “Concerts” tab, and in emails to users when new tour dates are posted.
\\ Via The Verge //
With harsher laws targeting torrent sites, will this finally mean the end of The Pirate Bay? Or will it continue to thrive?
Following Extratorrent’s mysterious closure in May, millions of illegal content infringers turned to The Pirate Bay. However, some feared that with governments worldwide dolling out harsher penalties, authorities would soon shut down popular pirating sites.
Now, a European court has set the stage for the world’s top torrent indexing site to eventually close.
\\ Via Digital Music News //
SiriusXM has agreed to make a $480 million strategic cash investment in Pandora.
The deal is structured by a subsidiary of SiriusXM purchasing an aggregate of $480 million in newly issued Series A convertible preferred stock.
\\ Via Music Business Worldwide //
Who buys music anymore these days? It’s two thousand and seventeen mate! Record labels who previously relied on album sales now have to generate profits from touring and merchandise as a response to pirating of music and streaming services which have cornered the market.
Speaking of, music giant Spotify have just been valued at a cool $8.4 billion after a recent deal for an extra $400 million in funding which means they are valued more highly than the entire American music industry.
\\ Via Esquire //