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How many BPM is your IPO? Marshmello performs at a Spotify Grammy Party, New York, Jan. 25, 2018.
(Roy Rochlin/Getty Images)
Thursday - March 01, 2018 Thu - 03/01/18
rantnrave:// Credit to the NEW YORK TIMES' BEN SISARIO for noticing the single most amazing sentence in the 250-plus pages of SPOTIFY's official filing for its public listing: "We do not have a phone number." If you're looking for those missing royalties, you can always @ them though. #2018. If you're signed to SONY, you might want to @ the label, too, as Sony, which owns a bigger piece of Spotify than the other two major labels, could make more than $1 billion when Spotify hits the NEW YORK STOCK EXCHANGE. Sony has built its stake to 5.7 percent stake through several funding rounds, more than either UNIVERSAL or WARNER, and "those bets are paying off," PETER KAFKA and RANI MOLLA write in RECODE. "The downside? Those bets are paying off in public, and Sony musicians will want a piece of the winnings." Spotify's registration, filed with the US SECURITIES AND EXCHANGE COMMISSION Wednesday in advance of its unusual direct stock listing, puts a wealth of information on the public record about the company's financials, user metrics, programing philosophy, future ambitions, risks and rewards. If you read one thing today, read that. It's topped by an inspirational mission statement from CEO DANIEL EK (see quote of the day, above). One of the goals of the document is to sell investors on a company that still isn't turning a profit. And so: Subscriber numbers up, daily usage up, revenue up. Churn rate down. The company sees itself as an "audio first platform" whose chief competition is radio, not other subscription services, and it believes it's fully prepared to take that competition on as "a significantly better alternative to linear broadcasting." That's a $28 billion global advertising market that Spotify thinks it can bite into. And it's already doing a good job of programming its users' listening. Spotify's curated playlists are responsible for 31 percent of all listening across the service. Message: We’re the tastemakers now. Look out, music biz. But look out investors, too. Stock prices "may be volatile, and could, upon listing on the NYSE, decline significantly and rapidly." Just thought you might want to know. Oh, and thank you, Mr. Ek, for naming your NYSE ticker symbol after the producer of several of my favorite SST albums. SPOT. I like the sound of that. MusicSET: "Spotify Puts Itself on the SPOT"... Run the world (women). Well done, BEBE REXHA... Educate the world (women). Well done, DOLLY PARTON.
- Matty Karas, curator
billion dollar babies
REDEF
REDEF MusicSET: Spotify Puts Itself on the SPOT
Is Spotify a $23 billion company? What does its imminent direct listing on the New York Stock exchange mean for the world's biggest streaming service, for investors, for record companies and for the rest of the music business? Are you ready to trade?
Red Bull Music Academy
An Oral History of The Loft
by Jeff Mao
An oral history of David Mancuso's life-changing New York party, through the eyes of the community that shaped it.
Pitchfork
What Does Atlanta Hip-Hop Think of “Atlanta” the Show?
by Christina Lee
Prominent figures from Atlanta’s rap industry debate the series’ winding nature and how Donald Glover pushes them to reconsider what is “authentically” theirs.
GQ
SZA Was “Mad as Hell” After Her Grammys Losses—Now She’s Moving On
by Mariah Smith
After she dropped *Ctrl*, the praise for SZA was unanimous. But after she went home empty-handed from the Grammys, snubbed for all five nominations, SZA was "mad as hell." So how is 2017's favorite new artist holding up in 2018?
Spotify for Artists
How Lin-Manuel Miranda and Anil Dash Turned a Bruno Mars Song Into a Teachable Moment
by Maura Johnston
On the creation of the New Jack Swing starter course.
Billboard
Twitter, SoundCloud & the Challenges of Growing a Social Music Strategy
by Cherie Hu
Despite numerous attempts, the affinity between these two platforms has not translated as well financially, speaking to the challenges of building a social music strategy in service of both a scalable and sustainable business.
The Washington Post
Why listening to local music matters
by Chris Richards
Local music? I love the stuff. I've spent the past 20 years listening - ravenously, rapturously - to music made by my neighbors, and it keeps getting better. Go-go, bluegrass, jazz, rap, hardcore punk, doom metal, all of it. So why do those bumper stickers urging us to "SUPPORT LOCAL MUSIC" still make me gag?
YouTube
Made in Miami (Artist Spotlight Story) - Camila Cabello
by Camila Cabello and Tabitha Denholm
Directed by Tabitha Denholm and Produced by YouTube, Made in Miami is the story of Camila's journey from arriving in Miami from Cuba as a kid to finding her voice and releasing her debut album. The film explores how generations of strong women have shaped the Cabello family and inspired Camila to become the artist she is today.
Billboard
Inside Bebe Rexha's Women in Harmony Dinner With Charli XCX, Avril Lavigne, Kelsea Ballerini & More
by Melinda Newman
Billed as “a celebration and conversation amongst the strongest female writers, producers and artists in the music business,” the convivial evening brought out more than three dozen top female creatives, including Charli XCX, Avril Lavigne, Kelsea Ballerini, "Despacito" co-writer Erica Ender, Kim Petras and JoJo.
McSweeney’s Internet Tendency
Billy Joel Plays “Piano Man” for the First Time At the Bar He Based the Song On
by Tom Smyth
Billy Joel sits at the piano in a smoke-filled bar in 1973. It's 9 o'clock on a Saturday and he's just finished performing a new original song entitled "Piano Man" off his forthcoming album. BILLY JOEL: Thank you, that's called "Piano Man." Now this next song- JOHN, AT THE BAR: Whoa, hold on a second.
hood billionaire
China Music Radar
Weathering Storms: The Paradox of China’s Music Industry in 2018
by Archie Hamilton and Krish Raghav
2017 was a mixed bag for music in China. There is potential for further fray in 2018, but there is also an afterglow of optimism from the highlights of last year.
Pitchfork
A Brief History of Metal
by Joren Cull and Miles Raymer
Today, metal comes in many, many forms, but the hierarchy of the genre is constantly up for debate. One thing is certain, though-Slayer f***ing rules!
AL.com
Alabama's greatest underground rock band resurfaces
by Matt Wake
Although Sex Clark Five never crashed the mainstream, the group's clever, jangly and concise songs, such as "Sarajevo" and "Detention Girls," earned them a small cult of superfans sprinkled across North America and Europe
UPROXX
The Future Of Vinyl And How Cassettes May Offer The Answer
by Eli Enis
Vinyl clearly isn’t going anywhere, but cassettes may offer a short-term solution for still-rising, indie artists.
Pigeons & Planes
How Kanye West and Travis Scott's Stages Come to Life
by Graham Corrigan and John McGuire
TrasK House's John McGuire works with music's biggest stars to push the live experience to new levels.
Mixmag
The three eras of pre-digital recording in 18 photos (1877 - 1975)
by Cameron Holbrook
Enter a world of tape, circuits and mechanical madness.
No Jumper
The Bhad Bhabie Interview
by Adam22 and Bhad Bhabie
Danielle Bregoli AKA Bhad Bhabie is a rapper and social media superstar who has exploded over the past few years even though she is still just 14 years of age. I got her in the studio for an interview recently and we talked about her music career, her new feud with Ricegum, her ascent to fame and much more.
The Ringer
The Surprising, Very Public Evolution of Donald Glover
by Rob Harvilla
Or: how Childish Gambino learned to stop being childish and become a creative genius.
MetalSucks
The Problem with Taake Isn’t Just the Swastika Chest Paint Incident
by Vince Neilstein
The problem is that they have a history of Islamophobia.
Esquire
Dolly Parton Is an American Hero
by Charles P. Pierce
100 million books. For the kids.
MUSIC OF THE DAY
YouTube
"Billionaire"
Travie McCoy ft. Bruno Mars
“REDEF is dedicated to my mother, who nurtured and encouraged my interest in everything and slightly regrets the day she taught me to always ask ‘why?’”
@JasonHirschhorn


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