Years ago D.A. Wallach became an investor in Spotify. The experience has kept Wallach's musical fires burning (he released his first solo album, 'Time Machine,' last month) but it also lit a new one: to become a diversified venture capitalist.
As streaming has grabbed hold of the future--and present--of recorded music consumption, industry observers have spilled copious amounts of physical and digital ink questioning how many services the space could actively support, and when or how consolidation would begin. Today, there are more answers: Pandora announced an agreement to acquire key assets from Rdio for $75 million.
The King of Pop pulled in $115 million over the past year, enough to easily earn the top spot on this year's Halloween-spooky list of Top-Earning Dead Celebrities. But it's his total postmortem haul that's reaching scary proportions: Jackson has now earned more than $1 billion pretax since his death.
Two weeks ago, dozens of FORBES staffers headed to Philadelphia--along with scores of the world's most influential young people--to hold our second annual Under 30 Summit. After capping the conference with a massive concert for charity, we're onto our next big project: picking the 30 Under 30 Class of 2016.
The saga continues: Wu-Tang Clan's secret album, whose existence was first revealed by FORBES nearly two years ago, has been sold by online auction house Paddle8. The identity of the buyer, however, remains unknown.
'All You Need To Know About The Music Business' has sold half a million copies since its first printing nearly a quarter-century ago. It has also come to be known as a bible of sorts for music industry operatives from Katy Perry to Jimmy Iovine to Quincy Jones, all of whom blurbed the book. Passman recently released the latest edition, and as much as the book itself offers in the way of advice and instruction, the very nature and schedule of its ...
Thirty years after Michael Jackson bought the Beatles' prized publishing catalogue, it has become part of one of the world's most valuable music assets--and its value will soon be put to the test of the free market.
Taylor Swift is having a phenomenal year in the midst of becoming arguably the biggest pop star in the world--part of the reason she's been a mainstay on FORBES lists like the 30 Under 30 and Celeb 100. But she will not earn $365 million this year, contrary to recent reports.