The music business in 2020 experienced an unprecedented cacophony of events. Live music businesses tragically shuttered. A virtual performance market emerging. Yet despite it all, music lived on through streaming as it continued to be embraced by nearly every American with an Internet connection, even in the face of a global health crisis and massive…
SiriusXM + Pandora Join NIVA, Music Industry Leaders in Urging Congress to Support The RESTART Act
SiriusXM + Pandora joined the National Independent Venue Association and US music industry leaders in a letter urging Congress to support the RESTART Act, which would tailor PPP to work for shuttered businesses that have no revenue, high overhead and no clear timeline for reopening in the wake of the Covid-19 pandemic. Independent music venues…
Leading Digital and Tech Platforms Join Ad Council, White House, HHS and CDC to Address COVID-19 Crisis
Digital and Technology Platforms Create Pro Bono Content, Donate Ad Space to Help Share Critical and Urgent COVID-19 Messaging
Ad Council
Ad Council
In response to the COVID-19 pandemic, the Ad Council, White House, U.S. Department of Health and Human Services (HHS) and Centers for Disease Control and Prevention (CDC) announced today that they are partnering with leading digital and technology platforms, including Amazon, Apple, Facebook, Google, SiriusXM and Pandora, Pinterest, Snapchat, TikTok, Twitter and Verizon Media, among…
MAJOR MUSIC STREAMING SERVICES AND TECH COMPANIES JOIN MUSICARES® AND THE RECORDING ACADEMY® IN SUPPORT OF COVID-19 RELIEF FUND
SIRIUSXM AND PANDORA, SPOTIFY, TIDAL, AND YOUTUBE MUSIC CONTRIBUTE GENEROUS DONATIONS TO THE MUSICARES® COVID-19 RELIEF FUND
SiriusXM
SiriusXM
Leading music streaming and tech companies Amazon Music, Facebook, SiriusXM and Pandora, Spotify, TIDAL, and YouTube Music have announced today they are contributing to COVID-19 Relief Fund affiliated charitable foundation MusiCares®, to support music industry workers in need. The COVID-19 Relief Fund was established to provide monetary support to the thousands of music creators and industry professionals…
More Than Three-Fourths of US Internet Users Are Now Streaming Music, Says Study
Billboard
Colin Stutz
More than three fourths of the American internet-using population over the age of 13 is now streaming music. That’s according to MusicWatch’s audiocensus Q2 2019 report on U.S. music consumption and listening habits, shared exclusively with Billboard in advance of its publication.
How a new law aimed at streaming music brought the industry and Congress together
CBS News
Common Ground
In Washington, the Music Modernization Act aims to help by streamlining music licensing and closing a loophole in copyright law so it better fits the digital era. President Trump signed the landmark bill in October 2018, after it passed unanimously in both the House and the Senate.
SiriusXM Adds 174,000 Satellite Radio, 64,000 Pandora Subs in Second Quarter
Hollywood Reporter
Georg Szalai
Audio entertainment giant SiriusXM, the home of Howard Stern, on Tuesday reported continued growth in its satellite radio and Pandora subscribers.
Goldman Sachs says 1.15bn people will pay for music streaming by 2030, as it ups industry forecast
The investment bank’s ‘Music In The Air’ dossier, from August 2017, forecast a booming future for record labels, and set in motion a series of escalating valuations for Universal Music Group which have since hit $50bn (in the case of JP Morgan). In that report, Goldman forecast that trade revenues from paid streaming would reach $28bn by…
Why Atlanta’s A Key Part of Tech Company Pandora’s Expansion
90.1 FM WABE
Candace Wheeler
Oakland-based music streaming platform Pandora has had an office in Atlanta’s Atlantic Station for the past 10 years, and, recently, the company announced plans to expand to another building in Midtown.
Congress Announces Recording Arts and Sciences Caucus Members
Billboard
Colin Stutz
Members for the new Congress’ Recording Arts and Sciences Caucus were announced on Thursday (March 14), including chairs House Majority Leader Steny Hoyer (D-Md.) and House Minority Leader Kevin McCarthy (R-Calif.). The bi-partisan caucus was established in 2005 and works with members of the music industry to understand sector economic and cultural impact on legislation.