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Pandora Shares Sink After Closing Bell on Weak Guidance

Pandora Shares Sink After Closing Bell on Weak Guidance | Music business | Scoop.it
Shares of Pandora were plunging as much as 19 percent in after-hours trading Tuesday after the Internet music company reported a third-quarter net profit but warned that it would lose money in the current quarter.

Via Joanna KIRK
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Startups Keep Trying To Make Music Fans Discover Next Big Thing

Startups Keep Trying To Make Music Fans Discover Next Big Thing | Music business | Scoop.it

"Record labels used to hire “A&R people” — typically lucky 20-somethings who went out to see music every night of the week on expense accounts – to identify and sign the next big thing in music. I used to know some of them, and it seemed like they were having as much fun as you’d imagine they would."

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Record labels defy recession to invest £2.8bn in new music

Record labels defy recession to invest £2.8bn in new music | Music business | Scoop.it
New IFPI report: A&R spending represents 16% of global recorded music revenue...
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