DOCSLIB.ORG

Audio Sector Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Audio Sector Report AUDIO SECTOR REPORT Contact: JOHN LAMBROS Music Streaming Liftoff! Managing Director Tel: +1 (212) 999-7083 Q2 2020 [email protected] EXECUTIVE SUMMARY Q2 2020 Music Sector Wrap-Up » While COVID-19 positively impacted the growth of music streaming – as it has with online video, ecommerce and digital health and wellness apps and technologies – there were three other significant events in the quarter that impacted the sector: » First, Warner Music Group (WMG) priced its initial public offering at $25 per share for 77 million shares, raising a total of $1.925 billion at a ~$13 billion valuation ― This was the largest IPO of the year thus far in terms of dollars, most of which went to selling shareholder / owner Access Industries » Second, Goldman Sachs’ highly anticipated annual "Music in the Air" report was published in May ― While some of the near-term forecasts for live music and adjacent sectors were hurt due to the pandemic, digital music growth remained strong and the long-term outlook on the general music industry remains bullish ― Recent public market activity of music companies underpins the success of the category in Q2 despite adverse macroeconomic trends » Third, Spotify’s (SPOT) market cap appreciated over 70% since January, and we expect to see the company use its equity to continue its aggressive M&A strategy ― In May, the company announced an exclusive multi-year deal with “The Joe Rogan Experience” worth over $100 million ― In June, the company announced podcast partnerships with Warner Bros / DC Comics and Kim Kardashian West – highlighting Spotify’s continued interest in the podcasting space » Within our core music group, Music Publishers lead the public company pack, trading at 5.2x EV / 2020E Revenue and 17.9x EV / 2020E EBITDA ― DSPs also had a strong quarter, trading at 4.5x EV / 2020E Revenue and 17.7x EV / 2020E EBITDA » Strategics and financial sponsors are seeking increased exposure to this rapidly growing segment through high-profile audio financings — KKR’s investment in Artlist highlighted Q2 2020 activity — SoundCloud also announced a $75 million investment earlier in the year from Sirius XM to accelerate product development » We expect this trend to continue as the digital audio market continues to evolve with top artists splintering across emerging platforms that leverage technology to create differentiated offerings 2 TABLE OF CONTENTS I. GCA Overview II. Music In the News III. Digital Music Trends and Insights IV. Public Markets V. M&A and Financings VI. Public Comps Backup 3 GCA OVERVIEW Leading Global Investment Bank Providing Strategic M&A and Capital Markets Advisory Services STOCKHOLM MANCHESTER LEEDS PARIS FRANKFURT BIRMINGHAM MUNICH KYOTO NAGOYA ZURICH TOKYO LONDON SHANGHAI NEW YORK LAUSANNE MILAN NEW DELHI OSAKA TEL AVIV SAN FRANCISCO FUKUOKA TAIPEI MUMBAI SINGAPORE HO CHI MINH CITY Global platform: Sector expertise: Exceptional cross- 25 offices in key Experienced team: Expansive coverage border capabilities: markets across Over 500 employees and deep Half of all America, Asia and across the globe specialization transactions Europe Broad spectrum Diversified Strong reputation of clients: business model: and track record: Leading Geographically High number of conglomerates, top balanced, synergistic repeat clients and private equity firms and complementary referrals and emerging high- focus areas growth companies San Francisco | New York | Birmingham | Frankfurt | Fukuoka | Ho Chi Minh City | Kyoto | Lausanne | Leeds | London | Manchester | Milan | Mumbai | Munich | Nagoya | New Delhi | Osaka | Paris | Shanghai | Singapore | Stockhom | Taipei | Tel Aviv | Tokyo | Zurich 4 GCA OVERVIEW GCA’s Dedicated Sector Knowledge and Execution Excellence GCA Music Focus Selected Relevant Transactions STREAMING PUBLISHING RIGHTS DISTRIBUTION MANAGEMENT Advisor to Fulwell 73 ARTIST SERVICES ENGAGEMENT TOOLS acquired AI TOOLS & VIDEO & CREATIVE ANALYTICS from PROMOTIONAL LIVE EVENT SERVICES MANAGEMENT Advisor to MBO Group Advisor to Chrysalis Advisor to WMG GCA Overview 25 >500 >180 157 50% OFFICES AROUND M&A TRANSACTIONS PER PE DEALS IN THE CROSS-BORDER THE WORLD PROFESSIONALS YEAR LAST TWO YEARS TRANSACTIONS Notes: The above transactions represent a compilation of past and current deals that GCA entities, including GCA Advisors, LLC, GCA Advisors Corporation and GCA Altium have advised on. 5 GCA OVERVIEW Selected Recent Internet & Digital Media Transactions 6 GCA OVERVIEW Case Study: SISTER’s Investment in The SpringHill Company Transaction Overview The SpringHill Company Overview » On April 3, SISTER announced its $100 million Headquarters: Los Angeles, CA investment in The SpringHill Company Founded: 2015 » SISTER invested alongside the financial services companies Guggenheim Investments and UC Description: Provider of media content intended to create compelling stories Investments, as well as Jason Stein’s SC for television, features and digital. The company offers different Holdings feature films, webseries, television series and short films, enabling users to get an altogether different experience while » The company’s new board will include SISTER’s enjoying their favorite shows. The SpringHill Company was co- founder Elisabeth Murdoch, Serena Williams, founded by NBA star LeBron James and his business consortium Apollo Global Management’s co-founder Marc in 2015. Rowan, investment banker Paul Wachter, Live Nation CEO Michael Rapino and Boston Red Sox chairman Tom Werner Production Partners Content Offering Overview Television What’s My Million Dollar The Wall Warriors of Student Athlete Shut Up & Name Mile Teams compete in Liberty City Explores the Dribble The story of Everyday athletes trivia for cash Series covering a business of college History of the NBA Selected Transaction Commentary Muhammad Ali compete in the prizes Miami youth sports and its impact on mile for $1 million football program pop culture I’ve always wanted to use the Together with our new partners “platform of basketball to empower “and incredible team, we are Feature Films those around me. Now I’m building a consumer and incredibly excited about the entertainment business that’s opportunity to build a company committed to diversity, that’s “ that empowers“ creators, unafraid to stand up for what we consumers and everything it believe in and that’s resonating touches. with our community. More Than A Game I Am Giant Covers LeBron James’ high school basketball team in Akron Chronicles Victor Cruz’s improbable rise to football stardom, Ohio, detailing the story of five friends chasing victory and the life-shattering injury that derailed his career and his LeBron James, Maverick Carter, James’ path to superstardom dramatic attempt at a comeback Co-Founder, SpringHill Co-Founder, SpringHill Notes: Sources: Pitchbook, LinkedIn, Press Releases, Company Website. 7 TABLE OF CONTENTS I. GCA Overview II. Music In the News III. Digital Music Trends and Insights IV. Public Markets V. M&A and Financings VI. Public Comps Backup 8 MUSIC IN THE NEWS Warner Music Group’s IPO Transaction Overview Warner Music Group Overview » On June 3, Warner Music Group priced its long- Headquarters: New York, NY anticipated initial public offering at $25 a share Founded: 1958 for 77 million shares, raising a total of $1.925 billion, representing the largest IPO of the year to Description: Warner Music Group is a leading major label in the music date industry. The company comprises an array of businesses aimed » The IPO priced at the higher end of its $23 to at helping artists achieve creative and financial success while $26 price range and the size of the deal was also providing consumers with the highest-quality music content available. WMG provides recorded music / artists services and Initial Public increased from an original 70 million shares, ultimately valuing the company at ~$13 billion publishing solutions and operates through numerous Offering international affiliates and licensees in more than 50 countries. » Shares were up ~22% on afternoon trading the day of the IPO » The company will not receive any funding from Selected Companies & Subsidiaries ~$1,925MM the IPO, as the selling stockholders, primarily Access Industries, received all proceeds Services & Solutions Overview Recorded Music » Primarily through major labels Atlantic and Warner Records in the U.S. » Offer discovery and development of artists and any marketing, promotion, distribution, sale and licensing of their music Artist & Label Services Selected Transaction Commentary » Primarily through WEA (Warner-Elektra-Atlantic) and Alternative Distribution Alliance (ADA) It’s a vote of confidence in the The valuation reflects the » Provide services to artists outside the traditional recorded music “way people see music’s growth “growing awareness of the value of business such as touring, merchandising and sponsorships trajectory and how they see content. Often times“ the spotlight distribution shaping up in mature is on tech, but tech in many forms Publishing and developing markets. I think utilizes music. » Primarily through Warner Chappell Music subsidiary they see that there is still a long runway for traditional“ streamers to » Own or control rights to more than 1.4 million songs across grow and expand but also new 80,000 songwriters and composers business models. » Revenue derived from performance, digital, mechanical and Stephen Cooper, synchronization sources CEO, Warner Music Group Notes: Sources: Capital IQ, Pitchbook, SEC Filings, Press Releases, Company Website. 9 MUSIC IN THE NEWS Warner Music Group’s IPO (cont.) Financing History Financial Summary ($Bn) DATE DEAL TYPE INVESTOR AMOUNT VALUATION Total Revenue Adj. EBITDA Revenue Growth 5 $4.5 25% 6/3/20 IPO Public $1,925MM $12,750MM 5 $4.0 4 $3.6 20% 4 7/28/16 Debt Undisclosed $300MM N/A 3 15% 11.7% 12.0% 3 3/31/14 2 10% Debt $9MM N/A 10.2% 6/30/13 2 $1.0 1 $0.6 $0.7 5% 7/20/11 M&A N/A $3,300MM 1 0 0% FY '17A FY '18A FY '19A Trading Statistics $MM (except per share data) 6/30/20 $35.00 40.0 35.0 Share Price $29.50 $33.00 30.0 Fully Diluted Shares Out.
Load more

Recommended publications
  • Uila Supported Apps
    Uila Supported Applications and Protocols updated Oct 2020 Application/Protocol Name Full Description 01net.com 01net website, a French high-tech news site. 050 plus is a Japanese embedded smartphone application dedicated to 050 plus audio-conferencing. 0zz0.com 0zz0 is an online solution to store, send and share files 10050.net China Railcom group web portal. This protocol plug-in classifies the http traffic to the host 10086.cn. It also 10086.cn classifies the ssl traffic to the Common Name 10086.cn. 104.com Web site dedicated to job research. 1111.com.tw Website dedicated to job research in Taiwan. 114la.com Chinese web portal operated by YLMF Computer Technology Co. Chinese cloud storing system of the 115 website. It is operated by YLMF 115.com Computer Technology Co. 118114.cn Chinese booking and reservation portal. 11st.co.kr Korean shopping website 11st. It is operated by SK Planet Co. 1337x.org Bittorrent tracker search engine 139mail 139mail is a chinese webmail powered by China Mobile. 15min.lt Lithuanian news portal Chinese web portal 163. It is operated by NetEase, a company which 163.com pioneered the development of Internet in China. 17173.com Website distributing Chinese games. 17u.com Chinese online travel booking website. 20 minutes is a free, daily newspaper available in France, Spain and 20minutes Switzerland. This plugin classifies websites. 24h.com.vn Vietnamese news portal 24ora.com Aruban news portal 24sata.hr Croatian news portal 24SevenOffice 24SevenOffice is a web-based Enterprise resource planning (ERP) systems. 24ur.com Slovenian news portal 2ch.net Japanese adult videos web site 2Shared 2shared is an online space for sharing and storage.
    [Show full text]
  • Investor Group Including Sony Corporation of America Completes Acquisition of Emi Music Publishing
    June 29, 2012 Sony Corporation INVESTOR GROUP INCLUDING SONY CORPORATION OF AMERICA COMPLETES ACQUISITION OF EMI MUSIC PUBLISHING New York, June 29, 2012 -- Sony Corporation of America, a subsidiary of Sony Corporation, made the announcement noted above. For further detail, please refer to the attached English press release. Upon the closing of this transaction, Sony Corporation of America, in conjunction with the Estate of Michael Jackson, acquired approximately 40 percent of the equity interest in the newly-formed entity that now owns EMI Music Publishing from Citigroup, and paid an aggregate cash consideration of 320 million U.S. dollars. The impact of this acquisition has already been included in Sony’s consolidated results forecast for the fiscal year ending March 31, 2013 that was announced on May 10, 2012. No impact from this acquisition is anticipated on such forecasts. For Immediate Release INVESTOR GROUP INCLUDING SONY CORPORATION OF AMERICA COMPLETES ACQUISITION OF EMI MUSIC PUBLISHING (New York, June 29, 2012) -- An investor group comprised of Sony Corporation of America, the Estate of Michael Jackson, Mubadala Development Company PJSC, Jynwel Capital Limited, the Blackstone Group’s GSO Capital Partners LP and David Geffen today announced the closing of its acquisition of EMI Music Publishing from Citigroup. Sony/ATV Music Publishing, a joint venture between Sony and the Estate of Michael Jackson, will administer EMI Music Publishing on behalf of the investor group. The acquisition brings together two of the leading music publishers, each with comprehensive and diverse catalogs of music copyrights covering all genres, periods and territories around the world. EMI Music Publishing owns over 1.3 million copyrights, including the greatest hits of Motown, classic film and television scores and timeless standards, and Sony/ATV Music Publishing owns more than 750,000 copyrights, featuring the Beatles, contemporary superstars and the Leiber Stoller catalog.
    [Show full text]
  • FACILITATING COMPETITION by REMEDIAL REGULATION Kristelia A
    FACILITATING COMPETITION BY REMEDIAL REGULATION Kristelia A. García† ABSTRACT In music licensing, powerful music publishers have begun—for the first time ever— to withdraw their digital copyrights from the collectives that license those rights, in order to negotiate considerably higher rates in private deals. At the beginning of the year, two of these publishers commanded a private royalty rate nearly twice that of the going collective rate. This result could be seen as a coup for the free market: Constrained by consent decrees and conflicting interests, collectives are simply not able to establish and enforce a true market rate in the new, digital age. This could also be seen as a pathological form of private ordering: Powerful licensors using their considerable market power to impose a supracompetitive rate on a hapless licensee. While there is no way to know what the market rate looks like in a highly regulated industry like music publishing, the anticompetitive effects of these withdrawals may have detrimental consequences for artists, licensees and consumers. In industries such as music licensing, network effects, parallel pricing and tacit collusion can work to eliminate meaningful competition from the marketplace. The resulting lack of competition threatens to stifle innovation in both the affected, and related, industries. Normally, where a market operates in a workably competitive manner, the remedy for anticompetitive behavior can be found in antitrust law. In music licensing, however, some concerning behaviors, including both parallel pricing and tacit collusion, do not rise to the level of antitrust violations; as such, they cannot be addressed by antitrust law. This DOI: http://dx.doi.org/10.15779/Z38NZ8H © 2016 Kristelia A.
    [Show full text]
  • Exhibit O-137-DP
    Contents 03 Chairman’s statement 06 Operating and Financial Review 32 Social responsibility 36 Board of Directors 38 Directors’ report 40 Corporate governance 44 Remuneration report Group financial statements 57 Group auditor’s report 58 Group consolidated income statement 60 Group consolidated balance sheet 61 Group consolidated statement of recognised income and expense 62 Group consolidated cash flow statement and note 63 Group accounting policies 66 Notes to the Group financial statements Company financial statements 91 Company auditor’s report 92 Company accounting policies 93 Company balance sheet and Notes to the Company financial statements Additional information 99 Group five year summary 100 Investor information The cover of this report features some of the year’s most successful artists and songwriters from EMI Music and EMI Music Publishing. EMI Music EMI Music is the recorded music division of EMI, and has a diverse roster of artists from across the world as well as an outstanding catalogue of recordings covering all music genres. Below are EMI Music’s top-selling artists and albums of the year.* Coldplay Robbie Williams Gorillaz KT Tunstall Keith Urban X&Y Intensive Care Demon Days Eye To The Telescope Be Here 9.9m 6.2m 5.9m 2.6m 2.5m The Rolling Korn Depeche Mode Trace Adkins RBD Stones SeeYou On The Playing The Angel Songs About Me Rebelde A Bigger Bang Other Side 1.6m 1.5m 1.5m 2.4m 1.8m Paul McCartney Dierks Bentley Radja Raphael Kate Bush Chaos And Creation Modern Day Drifter Langkah Baru Caravane Aerial In The Backyard 1.3m 1.2m 1.1m 1.1m 1.3m * All sales figures shown are for the 12 months ended 31 March 2006.
    [Show full text]
  • A Study of Music Publishers, Collecting Societies and Media Conglomerates'
    Prometheus, Vol. 17, No. 2, 1999 163 The Changing Location of Intellectual Property Rights in Music : A Study of Music Publishers, Collecting Societies and Media Conglomerates' MARTIN KRETSCHMER, GEORGE MICHAEL KLIMIS & ROGER WALLIS ABSTRACT This article reports the results of a major study, conducted between 1996 and 1999, examining the impact of de-regulation and digital technologies on the global music industry . 14/e analyse four negotiations in the process of bringing music to the world market: commod#ication, globalisation, delivery, and royalty management. 141e show that the location of intellectual property rights in this process depends on the mutual bargaining power of the parties involved, within a statutory frame vesting music copyright initially in the author. 14,e describe the forces which have led to the appropriation of rights accounting for 80% of global publishing and recording revenues 1y only five companies : LA71 (U)) Bertelsmann (Germany), 141'arner (US), Sony (Japan) and Universal (Canada) . 14'e predict that this regime will not last and consider the likely future location of intellectual properly rights in music . Keywords : globalisation, information society, intellectual property, music copyright, royalty, vertical integration . Introduction Music is covered by complex intellectual property provisions . A right arises if an original musical idea is given a fixed expression ; for example, if a song is written down or recorded in some other from . This right is located in the creator of that musical idea . By an act of legislation, the musical idea turns into a copyrighted work, owned by the creator, who will have the power to prevent others from using it .
    [Show full text]
  • Springhill Company Is a Global Consumer and Entertainment Brand Created to Empower Greatness in Every Individual
    The SpringHill Company is a global consumer and entertainment brand created to empower greatness in every individual. The SpringHill Company unites three companies built by LeBron James and Maverick Carter: UNINTERRUPTED, the athlete empowerment brand, SpringHill Entertainment, the premium scripted and unscripted film and television production company and The Robot Company, the brand and culture consultancy. Empowerment is at the center of everything SpringHill does with diversity being an instinctive priority embedded into that mission from the ground up. With its workforce comprising 66% people of color, diversity is within SpringHill’s DNA. It is this diversity in thought, talent, skill and ethnicity that supports how the company shows up for the Black community. SpringHill creates content that its employees can see themselves in and by intentionally partnering with Black creatives to tell those stories. Telling diverse stories is a mandate, not an option, in a way that can entertain but still educate and steer difficult conversations to fuel necessary action. The company focuses on shining a light on stories that are the fabric of American history. Simply put: We cannot move forward until we acknowledge our past. This is evident in scripted and documentary films and series like Self-Made (Netflix) inspired by Madam C.J. Walker who created a beauty empire in the early 20th century starring Octavia Spencer and Emmy-winning doc What’s My Name, Muhammad Ali Part I (HBO) that explored Ali’s challenges, confrontations, comebacks and triumphs through recordings of his own voice. Similarly rooted upcoming projects include Dreamland: The Burning of Black Wall Street (CNN Films) that examines the violent events of the 1921 Tulsa Race Massacre and Josephine (ABC Signature) that is in development as a drama series spotlighting Josephine Baker’s impact as a legendary Jazz performer and civil rights activist.
    [Show full text]
  • Production Biographies
    PRODUCTION BIOGRAPHIES MIKE O’MALLEY (Executive Producer & Showrunner, Writer- 201, 207, 210) Truly a multi-hyphenate, Mike O’Malley got his start in front of the camera hosting Nickelodeon’s “Get the Picture” and the iconic game show “Guts”. His success continued in television with standout roles in “Yes Dear”, “My Name Is Earl”, “My Own Worst Enemy”, “Justified”, and his Emmy®-nominated, groundbreaking performance as ‘Burt Hummel’ on the hit show “Glee”. Mike’s feature work includes roles in Eat Pray Love, Cedar Rapids, Leatherheads, Meet Dave, 28 Days, and the upcoming Untitled Concussion Project starring Will Smith which will be released Christmas 2015. Also an accomplished writer, Mike wrote and produced the independent feature Certainty which he adapted from his own play. In television, Mike has served as a Consulting Producer on “Shameless” and is in his second season as creator and Executive Producer of “Survivor’s Remorse” for Starz. LEBRON JAMES (Executive Producer) LeBron James is widely considered one of the greatest athletes of his generation. James’ extraordinary basketball skills and dedication to the game have won him the admiration of fans across the globe, and have made him an international icon. Prior to the 2014-2015 season, James returned to his hometown in Ohio and rejoined the Cleveland Cavaliers in their mission to bring a championship to the community he grew up in. James had previously spent seven seasons in Cleveland after being drafted out of high school by his hometown team with the first overall pick in the 2003 NBA Draft. James led the Cavaliers to five straight NBA playoff appearances and earned six All-Star selections during his first stint in Cleveland.
    [Show full text]
  • STUNT CONTACT BREAKDOWN SERVICE 1-11-2017 8581 SANTA MONICA BLVD #143, WEST HOLLYWOOD, CA 90069 - TEL: 323-951-1500 Page 1 of 48
    STUNT CONTACT BREAKDOWN SERVICE 1-11-2017 8581 SANTA MONICA BLVD #143, WEST HOLLYWOOD, CA 90069 - TEL: 323-951-1500 Page 1 of 48 STUNT CONTACT ACTION BREAKDOWN SERVICE FOR STUNT PROFESSIONALS 1-11-2017 (323) 951-1500 WWW.STUNTCONTACT.COM 2017. Stunt Contact is provided under a single license and is for personal use only. Any sharing or commercial redistribution of information contained herein is strictly prohibited without the express written permission of the Editor and will be prosecuted to the full extent of the law. SHOW TITLE: UNDERWATER FEATURE** PRODUCTION COMPANY: CHERNIN ENTERTAINMENT / TWENTIETH CENTURY FOX FILM CORP ADDRESS: UNDERWATER - PROD OFFICE FOX LOUSIANA PRODUCTIONS LLC 8301 W JUDGE PEREZ DR SUITE 302 CHALMETTE, LA 70043 ATTN: MARK RAYNER, STUNT COORDINATOR [email protected] TEL: 504-595-1710 PRODUCER: PETER CHERNIN, TONIA DAVIS, JENNO TOPPING WRITER: BRIAN DUFFIELD DIRECTOR: WILLIAM EUBANK LOCATION: NEW ORLEANS SHOOTS: 3/6/2017 SPECIAL INSTRUCTIONS: AQUATIC THRILLER WILL BE HELMED BY “THE SIGNAL” DIRECTOR, WILLIAM EUBANK. AFTER AN EARTHQUAKE DESTROYS THEIR UNDERWATER STATION, A CREW OF SIX MUST NAVIGATE TWO MILES IN THE DANGEROUS UNKNOWN DEPTHS OF THE OCEAN FLOOR TO MAKE IT TO SAFETY. SCRIPT WAS ON THE 2015 HIT LIST. VERY EARLY. PROJ IS STILL IN CASTING - NOT CERTAIN OF DOUBLE REQUIREMENTS. LOCAL HIRES MAY SUBMIT NOW BY EMAIL ONLY. SHOOTS THRU MID-MAY. SHOW TITLE: KNUCKLEBALL FEATURE** PRODUCTION COMPANY: THE UMBRELLA COLLECTIVE / 775 MEDIA ADDRESS: KUCKLEBALL - PROD OFFICE 2003090 ALBERTA LTD 1 To subscribe go to: www.stuntcontact.com STUNT CONTACT BREAKDOWN SERVICE 1-11-2017 8581 SANTA MONICA BLVD #143, WEST HOLLYWOOD, CA 90069 - TEL: 323-951-1500 Page 2 of 48 123 CREE ROAD SHERWOOD PARK, AB T8A 3X9 ATTN: RON WEBBER, STUNT COORDINATOR [email protected] 587-328-0288 PRODUCER: KURTIS DAVID HARDER, LARS LEHMAN, JULIAN BLACK ANTELOPE WRITER: KEVIN COCKLE, MICHAEL PETERSON DIRECTOR: MICHAEL PETERSON LOCATION: EDMONTON, AB CAST: MICHAEL IRONSIDE SHOOTS: 1/16/2017 - TENT SPECIAL INSTRUCTIONS: HORROR THRILLER.
    [Show full text]
  • Streaming Music 1St Edition Pdf, Epub, Ebook
    STREAMING MUSIC 1ST EDITION PDF, EPUB, EBOOK Sofia Johansson | 9781351801997 | | | | | Streaming Music 1st edition PDF Book Upgrading to iHeartRadio Plus or All Access gives you more features beyond what the free edition allows, including unlimited skips and playlists, instant replays, and more. The quality settings are measured in bitrates , which is the rate at which data is processed or transferred. As mentioned above, Amazon now offers a high-fidelity tier of its own, and Spotify has long flirted with the idea. Apple Music TV is a new take on the hour music video channel. Most music streaming services offer the option to download audio content for offline listening. The basic version is free. What We Don't Like. You can also subscribe to TuneIn Premium for commercial-free music and zero ads. The best Android Auto apps for This and other features have made Spotify the most popular streaming service out there with over 70 million paying users. Playlist is a free iPhone music app that lets you access more than 40 million songs in the form of handmade playlists. Lifewire uses cookies to provide you with a great user experience. Apple Music, which is available on Windows PCs and Mac computers, is a streaming music subscription with more than 40 million songs you can stream to your computer. Based on the feedback you provide, Pandora makes decisions about which music to recommend next. You'll be up and running in no time. Home Media. The service is standard fare for music streaming, only Alexa lends her talents and expertise to help you discover new music and control playback with your voice.
    [Show full text]
  • * Text Features
    The Boston Red Sox Thursday, April 1, 2021 * The Boston Globe With new faces, Red Sox begin quest to start anew, and put 2020 in the distance Alex Speier Opening Day typically offers the promise of renewal. Yet for the Red Sox, the first game of the 2021 season offers something more — the long-awaited opportunity for the franchise to begin officially distancing itself from the wreckage of the 2020 campaign. An active offseason represented a potential start to that undertaking. The team that is introduced prior to Thursday’s 2:10 p.m. contest against the Orioles will be drastically different from the one that last played in front of fans on Sept. 29, 2019 — a game punctuated by Mookie Betts diving across the plate in an extra- innings walkoff victory over Baltimore – and the one that opened last year’s fan-less, ill-fated, last-place slog through a compressed season. Many of the most recognizable faces in recent franchise history are now gone. The last time a home opener had fans in attendance, Mookie Betts, Jackie Bradley Jr., Andrew Benintendi, David Price, and Dustin Pedroia all collected their rings. Now, Betts and Price are Dodgers, Benintendi is a Royal, Bradley a Brewer, and Pedroia a retired dad. Still, while much has changed with those departures and the additions of players such as new leadoff hitter Kiké Hernández, outfielder Hunter Renfroe, starter Garrett Richards and late-innings contributor and Northeastern alum Adam Ottavino, there is some sense of reconnection to a time that predates the past 18 tumultuous months.
    [Show full text]
  • Counting the Music Industry: the Gender Gap
    October 2019 Counting the Music Industry: The Gender Gap A study of gender inequality in the UK Music Industry A report by Vick Bain Design: Andrew Laming Pictures: Paul Williams, Alamy and Shutterstock Hu An Contents Biography: Vick Bain Contents Executive Summary 2 Background Inequalities 4 Finding the Data 8 Key findings A Henley Business School MBA graduate, Vick Bain has exten­ sive experience as a CEO in the Phase 1 Publishers & Writers 10 music industry; leading the British Academy of Songwrit­ ers, Composers & Authors Phase 2 Labels & Artists 12 (BASCA), the professional as­ sociation for the UK's music creators, and the home of the Phase 3 Education & Talent Pipeline 15 prestigious Ivor Novello Awards, for six years. Phase 4 Industry Workforce 22 Having worked in the cre­ ative industries for over two decades, Vick has sat on the Phase 5 The Barriers 24 UK Music board, the UK Music Research Group, the UK Music Rights Committee, the UK Conclusion & Recommendations 36 Music Diversity Taskforce, the JAMES (Joint Audio Media in Education) council, the British Appendix 40 Copyright Council, the PRS Creator Voice program and as a trustee of the BASCA Trust. References 43 Vick now works as a free­ lance music industry consult­ ant, is a director of the board of PiPA http://www.pipacam­ paign.com/ and an exciting music tech start­up called Delic https://www.delic.net­ work/ and has also started a PhD on gender diversity in the UK music industry at Queen Mary University of London. Vick was enrolled into the Music Week Women in Music Awards ‘Roll Of Honour’ and BBC Radio 4 Woman’s Hour Music Industry Powerlist.
    [Show full text]
  • Directors' Ballot Booklet
    DIRECTors’ BALLOT BOOKLET Performing Right Society Limited Annual General Meeting Tuesday 18 August 2020 Ballot details Introduction Every year there are vacancies for writer and/or publisher director positions on the PRS Board. If you are a Principal Voting member (including retiring directors), you can put yourself forward. This booklet details this year’s vacancies and includes biographies of the 10 candidates who are standing for election. The Directors’ Ballot determines if candidates are eligible to become a director at the Annual General Meeting (AGM) in accordance with PRS’ Articles of Association. The results of the Ballot will be announced at the AGM on Tuesday 18 August 2020. Vacancies There is one writer director vacancy and Candidate information and the Ballot three publisher director vacancies on You can find the candidates’ biographies the Board this year. in this booklet, as well as lists of their proposers, current and recent Candidates directorships and short manifesto statements. There are six candidates standing for the one writer director vacancy and four The secure Ballot website, hosted by our candidates standing for the three independent scrutineers, Civica Election publisher director vacancies. Services (CES, formerly Electoral Reform Services), contains a copy of this booklet Voting process and candidate canvassing videos. As there are more candidates than The Ballot website also links through to vacancies this year, we will hold a Ballot the platform where you will need to vote. where members will vote to determine The deadline for voting is 5pm on the eligibility of each candidate for Tuesday 4 August 2020. appointment as a director on the Board.
    [Show full text]