Streaming holdout Adele is a business anomaly

November 24, 2015

The British singer is poised to beat album sales set 15 years ago by withholding her new record ‘25’ on the likes of Spotify. Few stars can make such refusals. Streaming music revenue is expected to surpass sales by 2018. Most artists will be destined to go with the digital flow.

Pandora may need to change its tune

October 23, 2015

The internet music company blamed Apple’s new service for its slower user growth. Pandora expects the effect to be short-lived, but investors cut the company’s value by a third. Buying a concert-ticket seller is one strategic shift. Finding more paying customers should be next.

Rob Cox: Wall Street’s rave party feels the drop

September 3, 2015

Robert Sillerman’s attempt to roll up the electronic dance music business is collapsing not long after UBS, Barclays and Jefferies helped his SFX Entertainment go public. Live Nation may once again turn out to be the buyer of a Sillerman creation, but this time will be different.

Mega-rejections signal M&A’s Taylor Swift moment

June 22, 2015

U.S. health insurer Cigna brushed off a $54 bln takeover bid from Anthem while pipeline operator Williams spurned Energy Transfer’s $53 bln approach. Meantime, the 25-year-old pop idol forced Apple to pay up for music. In a hot market like this, love won’t be unrequited forever.

Music rally can shake off discordant Taylor Swift

November 3, 2014

The 24-year-old pop star yanked her latest album and catalog from Spotify. The digital streaming service and its ilk offer low per-song royalties but subscriptions give labels higher margins than CDs or downloads. Buyer habits are also changing, even if Swift is stuck in 1989.

Free spirit (and marketing power) of Lollapalooza doesn’t come cheap

October 7, 2014

In an era when everything is shared or rented, including music, there’s a premium to be paid for actual experience – like, say, a festival. That partly explains the media mogul’s interest in Live Nation, which is stalking the promoter behind Lollapalooza and other big gigs.

Henry Kravis spins a different kind of club deal

September 16, 2014

The buyout baron’s KKR is buying Pioneer’s DJ audio equipment business for $550 mln. It’s Abenomics meets Ibiza for the private equity firm’s latest trendy investment. Kravis is laying down a smooth groove in a funky M&A market, but could be late to the dance music party.

Rock’n’roll becomes form of economic stimulus

November 1, 2011

That, at least, is the message from the Moogfest, which took place in Asheville, North Carolina, this past weekend. Aside from giving synthesizer geeks an outlet, Rob Cox found the three-day festival making good use of Asheville’s facilities and boosting local businesses.

Music gods again divert EMI’s destiny

November 11, 2011

With both EMI and Warner under new owners, it seemed the stars might finally uncross for their long-awaited union. But Sony and Universal brought their own karma and cash to the EMI auction, and Warner is again alone at the altar. Further twists of fate are in regulators’ hands.

Kraftwerk bangs home note on tech obsolescence

April 11, 2012

The tale of how an odd German electronic band from the 1970s remains relevant enough to merit an eight-night gig at New York’s MOMA helps explain why some innovations fade and others flourish. Ultimately, success in technology - as in art - is more about big ideas than gadgets.