The subscription-based music service formerly known as ‘Daisy‘ has just raised a massive, $60 million funding round, with none other than Access Industries’ Len Blavatnik powering the consortium. All of which further complicates life for the extremely well-funded (and still unprofitable) Spotify. “Beats has the vision, the brand, the management team and now the investor group to effectively change the expectations and experiences of a music subscription service,” Blavatnik stated this morning.
Separately, Reuters is pointing to at least one ‘informational’ meeting involving Apple CEO Tim Cook, potentially on the topic of partnerships.
Oh, the cauldron of lifelong, excrutiating pain that awaits anyone trying to save a major label. Which brings us to Guy Hands, who’s still talking about the ‘expensive failures’ learned while coasting the SS EMI into the rocky crag of financial insolvency. “The part we got completely wrong was our inability to predict what would happen in the financial markets,” Hands lamented in a rough Bloomberg interview.
Feeling lucky? SF Musictech Summit XIII has now been slated for May 28th, at the usual Kabuki Hotel haunt. Just go.
So who really killed MJ? Fresh, unsealed documents in the ongoing wrongful death lawsuit reveal a very suspicious – and even ‘smoking gun’ – collection of emails from AEG Live executives suggesting a very strong role. “We want to remind [Dr. Conrad Murray] that it is AEG, not MJ, who is paying his salary,” one note from AEG Live co-CEO Paul Gongaware read, in response to a missed practice ahead of the ‘This Is It’ tour. That appears to be a direct contradiction of earlier claims from AEG that Murray wasn’t being paid by the concert giant. “We want to remind him what is expected of him…”
You can thank David Lowery later. Now, the Wall Street Journal is dipping its toes into the ad-funded piracy debate, part of a broader look at television piracy online. Singled out this time? Blockbuster and the US Forest Service, both of whom are part of a long list of advertisers found powering profits on illegal destinations. “The ads had been supplied through Google’s AdSense, which places ads related to keywords,” the Journal reported.
Elsewhere, Pandora is opening it massive vault of usage data to media platforms Strata, Donavan, and Mediabank. “The integrations will help advertisers understand the power of internet radio and make the smartest buying decision at both the national and local levels,” Pandora chief revenue officer John Trimble relayed.
And, which major DIY platform will be unveiling a big announcement in the coming days? Stay tuned…
“Nobody goes there anymore. It’s too crowded…” And the simmering discussion continues over a post-shark-jumped SXSW, with one Doritos supersized vending machine the oft-referenced ‘moment’ of jumpage. Let’s see: this edition is guaranteed to be a throng of infinite proportions, with advertisers battling over massive ads and vending machine-style concepts; some remember the early, simple days when a stroll down Sixth Street was a casual affair.