Montese Jordan, MBA on LinkedIn: SoundCloud gives three more genres the 'Buzzing Playlists' treatment (2024)

Irving Azoff's Iconic Artists Group and LL Cool J's Rock the Bells have partnered with Wu-Tang Clan founder RZA to expand the Wu-Tang brand. This deal aims to preserve the group's legacy and attract new fans, covering their music catalog, including iconic albums like "Enter the Wu-Tang (36 Chambers)," "Wu-Tang Forever," and "The W." The partnership will also explore opportunities in film, TV, merchandise, and brand collaborations, including a project with Nike. RZA highlighted the move from "Legendary Status" to "Iconic Status," ensuring Wu-Tang's influence endures for future generations.https://lnkd.in/gC3Y__UC #RZA #IconicArtists #WuTang

SiriusXM reported Q2 2024 financial results with a 3% revenue decline to $2.18 billion compared to last year. Net income slightly increased to $316 million, with earnings per share stable at $0.08. EBITDA rose 8% from Q1 to $702 million, remaining flat year-over-year. Despite a decrease of 100,000 self-pay subscribers, churn stayed at 1.5%. Paid promotional subscribers dropped by 73,000, while the total subscriber base grew 2% to 33 million. Advertising revenue held steady at $400 million, increasing 10% from Q1. Overall subscribers declined by 41,000, ending the quarter at 6.0 million. https://lnkd.in/gK2R6RnV #SiriusXM #Sirius

Warner Music Group (WMG) is undergoing significant restructuring in its recorded music operations. Max Lousada, CEO of Recorded Music, will step down at the end of September 2024, transitioning to an advisory role until January 2025. Elliot Grainge, founder of 10K Projects, will become CEO of the newly formed Atlantic Music Group (AMG), overseeing Atlantic Records, 300 Elektra Entertainment, and 10K Projects. Julie Greenwald, initially appointed Chairman of AMG, announced her departure by January 2025, after 20 years with the company. Warner Records will now also include Warner Music Nashville, Nonesuch, and Reprise. The restructure aims for a flatter global organization, eliminating certain executive roles, with regional leaders reporting directly to WMG CEO Robert Kyncl. This overhaul follows WMG’s announcement of 600 layoffs, representing 10% of its global workforce, to be completed by September 2024.Warner Music Group shake-up: Max Lousada to exit; Elliot Grainge named CEO of Atlantic Music Group, with Julie Greenwald as Chairmanhttps://lnkd.in/g4NEvt7YJulie Greenwald to exit Atlantic Music Group in Januaryhttps://lnkd.in/gPSkV-NF#WarnerMusicGroup #WarnerMusic #WMG

Shaolin: A Wu-Tang-Inspired Board Game" by Chill B Games celebrates Hip Hop's 51st anniversary by immersing players in Wu-Tang Clan's history. Combining trivia and battle mechanics, players train in the Shaolin Temple's 35 chambers to create the 36th. Featuring high-quality components and artwork by Shifu Shi Yan Ming, it's available at Chill B Games and other retailers, preserving Hip Hop's legacy. https://lnkd.in/gB6yWxej#WuTangTrivia #ShaolinBoardGame #WuTang

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Catch episode 14 of my #musicpodcast, Instrumental Intel, today! 🎙️ I'm thrilled to host Music Artist, Songwriter, Storyteller & Author #TyZen as my special guest for an insightful discussion about the journey from musical diaries to creative destiny & more!💎This blend of instrumentals, music news, and invaluable insights is instrumental for enhancing your artistic journey. Tune in to #InstrumentalIntel!New episodes Saturdays at 7 pm EST on Grander #Radio & Achickwitbeatz.com, and be sure to subscribe on your preferred podcast platform!📱https://lnkd.in/gh_Tbsey

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Bill Ackman, whose Pershing Square Holdings is a major Universal Music Group (UMG) shareholder, has significantly lowered the IPO target for his new closed-end fund, Pershing Square USA, from $25 billion to $2 billion. The fund plans to offer 40 million shares at $50 each. This adjustment follows investor feedback and concerns about the size of the transaction. Despite the reduction, the IPO remains one of the largest this year. Ackman’s Pershing Square Holdings, which holds 10.25% of UMG, saw a decline in portfolio value after UMG’s Q2 earnings report showed a slowdown in paid streaming revenue growth. https://lnkd.in/g3DNwq54#PershingSquareHoldings #PershingSquare

A recent report from Ofcom revealed UK weekly radio listenership reached nearly 50 million in Q1 2024, the highest in 20 years. In 2019, 75% of adults listened to live radio, which later declined but has rebounded to 69%. Radio's listening time share was 61%, while streaming's share was 22%. Among 15-34 year-olds, radio comprises 34% of listening time and streaming 45%. Concerning streaming services, weekly, 61% of audio listeners use Spotify, 48% use YouTube, 29% use Amazon Music, 18% use BBC Sounds, and 15% use Apple Music.https://lnkd.in/gHXBdCcb#UKmusic #radio

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The Music Event app aims to innovate the online music industry by incorporating vertical video features inspired by TikTok and Instagram, allowing promoters to discover and book new artists. It also offers a SaaS feature for artists to sign performance contracts and receive advance payments. Following positive feedback from its launch, the app made final adjustments, issued initial tickets, and created artist profiles. Initially available in English, it will soon support multiple languages to enhance its international reach. https://lnkd.in/gidruh5N#MusicEvent #livemusic

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Live Nation reported a record Q2 2024, with revenue up 7% to over $6 billion and operating income up 21% to $466 million. The company hosted 39 million fans, a 5% increase, with significant growth in arenas and amphitheaters. Ticketmaster sold 183 million tickets year-to-date, a 3% increase, and onsite sponsorship revenue rose 28%. Despite an ongoing DOJ antitrust lawsuit and settlements from the 2021 Astroworld incident, Live Nation remains optimistic. The company highlighted strong global demand for live shows, strategic investments in venues, and plans to open 14 major venues by 2025. Sponsorship revenue grew 3% to $312 million, with new and expanded partnerships with brands like Coca-Cola and Hulu. https://lnkd.in/g7CJv_-V #LiveNation #livemusic