Streaming
iHeartMedia Stock Drops 21%, Even as Radio Recovers
But iHeartMedia’s net loss per share was $0.22 compared to the $0.14 loss per share expected by analysts polled by FactSet, according to DowJones Newswire, and investors were clearly hesitant about the company’s future. iHeartMedia shares began Friday at $26.49 — 415% above its pandemic-era low of $4.31 — but fell by 17% on the day and another 4.9% on Monday (Aug. 9), bringing the two-day drop to 21.1%. Investors have also continued to hammer Audacy, the country’s third-largest radio company, after its $0.01 earnings per share on Friday fell well below the $0.09 consensus estimate. Audacy’s forecasted 10% revenue growth from the second to the third quarter was lackluster compared to iHeart (20%), and investors reacted accordingly. Audacy shares dropped 10....
FX’s Reservation Dogs Is a Sweetly Incisive Series About Native American Life: Review
The Pitch: When we first meet the quote-unquote “Reservation Dogs,” a tight-knit gang of four Indigenous teens growing up in northeast Oklahoma, they’re making off with a stolen spicy chip delivery truck. It’s a risky, exciting gamble — they relish the danger of it more than the profit potential, right down to not wearing seatbelts — that should take them closer to their goal: saving up enough money to move away to California. The rez, they posit, killed their close friend Daniel a year ago, and they want to take his spirit with them when they finally escape. But amid the petty crimes and odd jobs they’ll take to scare up the scratch to leave, they’ll navigate the myriad pains everyone feels growing up, with the specific concerns and anxieties of Native American life — generational tr...
Alanis Morissette Transforms into Starlene the Shy Hermit Crab on Season 4 of Madagascar: A Little Wild: Stream
This little crustacean’s got a big voice. Alanis Morissette is joining the upcoming season of Madagascar: A Little Wild as a hermit crab named Starlene. In a preview clip of the children’s show released by Dreamworks, the Zoosters stumble upon Morissette’s adorable decapod singing her heart out on the Coney Island boardwalk — that is, until she realizes people are listening. “Sorry, didn’t mean to scare you! I just had to meet the crab behind that incredible performance!” Shaylin Becton’s Gloria the hippo gushes to a shellshocked Starlene after the gang applauds her song. Advertisement Related Video “Oh, I was just dancing like no one was watching…because I thought no one was watching,” a sheepish Starlene replies, leading Gloria to exclaim, “Starlene? You’re kidding! You were born to be a...
Entertainment Industry Insiders Discuss Making the Most of Streaming: Watch
Consequence is back with CREATV University to shine a light on the mysteries of finding success in entertainment, tech, and media. Today, we’re joined by a number of industry insiders to discuss how to make the most of the streaming era. The on-demand world of entertainment, media, and technology can be hard to keep up with, and it’s equally as difficult to try and predict how it will change and transform. In 2021, every way of consuming media — whether it be news, music, TV, or film — has its advantages and disadvantages for both creators and consumers. The rise of streaming has given us new ways to market products, causing a major shift in all industries. Breaking into the media world this way came make you famous overnight or leave you stuck in the crowd. So, for this week’s set of CREA...
Executive Turntable: New Hires at Obama’s Media Company & Warner’s Social Justice Fund
Dan Fierman most recently served as president of Epic Media in Los Angeles, leading the media start-up to acquisition by Vox Media in 2019. Prior to that, he led news coverage at MTV, was the Editorial Director of the pop culture site Grantland and oversaw culture and special packages at GQ. He and Holmes oversaw the launch of The Michelle Obama Podcast and Renegades: Born in the USA, the podcast hosted by President Obama and Bruce Springsteen. Mark R. Wright was an executive at MACRO, where he developed and produced Juel Taylor’s directorial debut, They Cloned Tyrone (Netflix). His slate of projects also includes the Oscar-winning film Judas and the Black Messiah, Alan Yang’s Tigertail and Birth of Cool. He has produced several short films, including an award-winning science fiction film,...
iHeartMedia Strikes Multiyear Deal With NBA for 20 Podcasts
iHeartMedia has reached a multiyear podcast deal with the NBA that will result in more than 20 podcasts over the next four years, the audio giant said on Wednesday. The podcast deal comes three months after iHeartMedia announced it was creating a podcast network for the NFL as part of a multiyear, exclusive partnership. The NBA’s podcasts, which will be co-produced by iHeartRadio and the NBA, will include a mix of content from the NBA’s archives, player commentary, league news and insider analyses. The first show is expected to premiere this fall, iHeartMedia said. It’s not immediately clear which athletes will participate in the podcasts. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a datin...
New Analysis Exposes Vast Gap Between Haves and Have Nots of the Streaming Economy
For artists participating in the Big Tech-driven streaming economies of Apple Music, Spotify, and beyond, it’s no secret that there’s a vast chasm between the haves and the have nots. But how large is that gulf really? A new Rolling Stone piece published by Tim Ingham, founder of Music Business Worldwide, sought to answer that question by piecing together nuggets of data released by Spotify’s own volition. Unfortunately, what unfolded was the revelation of deep inequality within an increasingly crowded digital landscape. It all starts from one sobering big picture statistic. Nearly 57,000 artists on Spotify are vying for their share of around $4.5 billion, which represents 90% of the royalties Spotify pays annually. According to Spotify’s statistics outl...
Spotify Will Make It Easier to Find ‘What’s New’ by Introducing Personalized New-Release Feed
With over 50,000 hours of content uploaded to Spotify every day, the streaming service is making it easier for users to stay up to date with new releases from their favorite creators. Announced Monday (July 26), What’s New is a new personalized feed that will be added to the platform globally in the coming weeks. It can be found by clicking on a new bell-shaped icon that will be added to the top of the Home tab, which will be updated in real time with new releases from the artists and podcasts users follow on Spotify. When a new track or episode is released, a blue dot will appear on the bell-shaped icon to alert them the next time they sign on. The feed will additionally allow users to conduct more targeted searches by including filters that let them sort for new music releases or ne...
Michael B. Jordan Prepping His Own Black Superman Project: Report
It’s a bird, it’s a plane…it’s Michael B. Jordan! According to a new report, the actor is planning to develop his own Superman project with HBO Max. Collider reported the news earlier on Friday that Jordan’s project will be separate from the upcoming Superman movie starring a Black Clark Kent, which is being executive produced by J.J. Abrams. While Jordan was rumored to be putting on Superman’s cape for that movie — the script for which is being penned by Ta-Nehesi Coates — the Creed actor brushed off the speculation at the time, saying, “I’m flattered that people have me in that conversation. It’s definitely a compliment, but I’m just watching on this one.” Instead, his new rendition with the streamer will reportedly focus on the Val-Zod version of the character in a limited series format...
Dee Snider Announces Streaming Concert Filmed in Front of Live Audience
Dee Snider has announced a streaming concert that was filmed in front of a live audience. The stream goes live on July 29th, a day before the release of the Twisted Sister singer’s new solo album, Leave a Scar. Livestreams became the norm for many artists during the pandemic. It was a way to bring the concert experience into the homes of fans worldwide, but most featured only the performers and no crowds. For Snider’s upcoming stream, the metal legend filmed a June show in Patchogue, New York, in front of a full crowd, and he’ll beam the full performance across the interwebs for 30 days starting on July 29th for virtual ticketholders. Advertisement Related Video “I can’t wait to see all you crazy motherf—kers when we’re on the road again, but for now, grab a cold one, crank the volume, it’...
UK Parliamentary Probe Results In Calls for “Complete Reset” of the Streaming Industry
A Parliamentary probe into the current market dynamics of music streaming has yielded a bold call for a “complete reset” of the market by British MP’s. The topic of fair pay for artists has been a contentious one throughout the rise of the streaming era, but the results of this particular inquiry—published by Parliament’s Digital, Culture, Media and Sport (DCMS) wing—have led to a rare inflection point where new protectionist regulations might be on the horizon. The subject of this inquiry considered the economic relationship between artists and their record labels, and unsurprisingly, the results showed that labels are reaping a disproportionate amount of the financial benefits. “While streaming has brought significant profits to the recorded music indu...
Tencent Music Shares Fell 9.2% This Week, Down 63.2% Since March All-Time High
Tencent Music sits in a web of relationships and ownership stakes with the world’s largest music companies. It has a joint venture with Universal Music Group and an agreement to form a joint record label with Warner Music Group. It also has licensing deals with UMG, WMG, Sony Music and independent label rights group Merlin. What’s more, Tencent Holdings, which owns a majority of Tencent Music, is part of a consortium of investors that owns 20% of Universal Music Group and about 2% of WMG. There is no indication Chinese authorities view Tencent Holdings’ ownership stakes as problematic. Tencent Music owns three of China’s top music streaming apps — QQ, Kuguo and Kuwo — and accounted for 7...
