Business & Commerce
NBCUniversal Telemundo to Build New $250 Million Global Headquarters in Miami
NBCUniversal Telemundo to Build New $250 Million Global Headquarters in Miami Comcast and NBCUniversal Fund New Headquarters, Opening In 2018 In a clear nod to its growing clout inside the U.S., NBCUniversal Telemundo Enterprises announced today plans to break ground on a new 450,000 square foot facility in Miami that will serve as the company’s …
J Balvin Goes Grey
J Balvin goes grey and let’s the world know via Instagram, Balvin just showed the world his new look where his died his hair grey. What do you guys think of J Balvins new hair color? Let us know what you think by leaving a comment below.
Why Pandora Is Booming With Hispanic Users
From Billboard.com by By Leila Cobo A stunning 25 percent of listeners are now Latino. Anyone who thinks U.S. Hispanics are still confined to traditional Latin media need only check out the latest Pandora stats. According to ComScore’s June numbers, 25 percent of Pandora’s total 76.4 million active monthly unique visitors (MUV’s) are Hispanic. That translates …
Nielsen’s Audio Today Report: Hispanics Listen to Radio More
The latest Audio Today report from Nielsen spotlights the growing influence of Hispanic radio consumers in the American media landscape. The study, titled “State of the Media: Audio Today, A Focus on Black & Hispanic Audiences,” looks at data from the second quarter of 2015 and points to an all-time high for the second year …
Enrique Iglesias Signs With Sony Music
Enrique Iglesias has left his longtime home at Universal and signed with Sony Music, Billboard has learned. His albums will likely be released by Sony Music Latin in Spanish and RCA in English. Iglesias has had a long and very positive relationship with Universal, which released his albums in English and Spanish for over a …
Pandora Revenue Grows 30 Percent with New Listeners
Pandora listener growth has slowed and the company didn’t turn a profit in the second quarter, but the online radio company was able to improve where it mattered most: revenue and local advertising. Second-quarter revenue was $285.6 million, a 30-percent increase year over year, while net loss was $16.1 million, slightly worse than the $11.7-million …
YouTube Growth Impresses Analysts, Wall Street
Morgan Stanley estimates YouTube grew revenue 60 percent year-over-year in second quarter. YouTube was a standout of Google’s second-quarter earnings on Thursday. With the help of the online video service, the tech giant’s revenue increased 11 percent to $17.73 billion, pushing shares up 3.1 percent to $601.78 at Thursday’s close of trading. Just a few …
Jay Z’s Tidal Now Offers Lower Prices for Family Plans
Reacting to the lower prices of Apple Music and other competitors, Tidal now offers a family plan with discounted prices for its on-demand music subscription service. The company announced Wednesday it is offering a 50-percent discount when subscribers add up to four additional users to the same account. The new pricing works out to $30 for …
Amazon is now in Mexico
Amazon has formally launched full service operations in Mexico, under the URL amazon.com.mx. The Amazon launch in Mexico — its first in Latin America — comes after nearly two years in which the company has tested the market by selling eBooks via its Kindle store. Now, the new Amazon Mexico store will sell millions of products, including three Kindle …
Univision Files for IPO
Univision Holdings said Thursday that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. The number of shares to be offered in the IPO and the price range for the stock offering have not yet been determined, according to the filing. In a related move, …
Jessica Rivera Surges at Universal Music Publishing Group
Universal Music Publishing Group exec Jessica Rivera has been promoted to executive VP/head of East Coast operations. In this new post, Rivera will be tasked with leading the expansion of the New York creative team — the company says in a statement — and to continue to develop, nurture and sign talent. She reports to Jody Gerson, …
Brazil’s Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business
Brazil is one of the world’s fastest growing mobile markets, with 90 million smartphones in circulation among a population of about 200 million, and today a fin-tech company that has focused on catering to that growing group of users has raised a significant round of funding. Nubank, which has developed a platinum Master Card credit …
Warner Music Group Hits Streaming Milestone in First Quarter
Music streaming reached a milestone in the first quarter of 2015. Warner Music Group revealed in Monday its recorded music division received more revenue from streaming than downloads, the first such announcement by the three major labels. Recorded music streaming revenue increased 33 percent. In the music publishing division, streaming helped drive a $1-million increase …
Apple iOS Beta Update Focuses on Music App
Apple has seeded the third beta version of its upcoming iOS 8.4 update, with most of the new tweaks centered around the music app as the company gears up to launch its Beats-driven streaming service next month. The current update includes a streamlined look for the Music app, with a new mini-player, a new-look, easier-to-get-to …
Verizon to Acquire AOL for $4.4 Billion
Telecom giant Verizon Communications said Tuesday that it has signed an agreement to acquire online company AOL for $50 per share, or an estimated total value of approximately $4.4 billion. AOL’s stock on Monday had closed at $42.59. The price-per-share set for the deal provides a 23 percent premium. Verizon said the acquisition further drives …