Internet Radio, Digital Content & Social Streaming Platforms Combine for Next Generation Listening Experience for Users While Accessing Millions of Songs
CORAL SPRINGS, Florida, February 10, 2015 /PRNewswire/ --
As the global market for streaming music continues to expand, new emerging opportunities rise for next generation music applications for improving consumers' experience beyond the limitations of traditional streaming services. Companies in focus today are CÜR Media, Inc. (OTCBB: CURM), Pandora Media Inc. (NYSE: P), Sirius XM Holdings Inc. (NASDAQ: SIRI), Apple Inc. (NASDAQ: AAPL) and Netflix Inc. (NASDAQ: NFLX).
CÜR Media, Inc. (OTCQB:CURM) announced today that it recently entered into a digital content streaming agreement with MediaNet Digital, Inc. ("MediaNet"), a leading provider of digital content, as the company progresses toward the 2015 launch of CÜR Music, its next generation mobile and web music application. The agreement will pave the way for CÜR Music to offer access to MediaNet's library of over 22 million songs as CÜR Media reaches agreements with major record labels and other content providers. MediaNet provides its content through licensing arrangements with major record labels, including Universal, Sony Music and Warner Music Group, as well as over 80,000 independent labels. Under the agreement, MediaNet may also manage back-end services for CÜR Music including licensing, royalty payments, reporting, encoding, and security.
Read the full CURM Press Release at: http://www.financialnewsmedia.com/profiles/curm.html
Tom Brophy, Founder and CEO of CÜR Media, commented, "This agreement with MediaNet is another important step forward for CÜR as we move toward the launch of CÜR Music, our next generation social music experience. As we work towards agreements with record labels and other content providers, giving our audience direct access to that content through one of the most robust libraries of music in the world is a critical component for our company as we position our CÜR Music app for its anticipated release later this year. We continue to work diligently on procuring additional content and developing unique features to push the boundaries of our application beyond traditional music streaming and into a completely immersive experience that will enable people to personalize, share, and create. We look forward to capitalizing on our vision and establishing CÜR Media as a leading platform in digital entertainment."
Tom Brophy from CURM was featured on Bloomberg TV this past Friday discussing the benefits of the newest streaming platforms designed for consumers to change how they experience music. To see the full interview, please go to: http://www.bloomberg.com/news/videos/2015-02-06/the-grammy-awards-is-there-a-streaming-bump-
In additional CUR Media developments, an 8-K was issued by CURM on Feb 5th, announcing it has agreed in principle to terms with a major record label in connection with the planned launch later this year of CUR Music, its next generation streaming music application and web experience. Upon completion of final contracts, anticipated to be completed in the next several months, CUR Music expects to offer streaming access to all content from the label's music collection.
In other Internet Music & Digital Content happenings and developments: Pandora (NYSE:P), the leading Internet radio service, late last week announced financial results for the fourth quarter and full year ended December 31, 2014. "We end 2014 in a very good position, with stronger relationships across the music community, record monetization metrics and highly engaged users," stated Brian McAndrews Chairman, President and CEO of Pandora. "We're looking forward to an exciting and productive 2015. We have spent the past two years building our monetization capabilities and infrastructure to a point where we are driving healthy gross margins and are cash flow positive. 2015 will be a year in which we optimize Pandora's potential for long-term growth. We enter the year with energy and focus on what comes next -further migrating radio budgets from terrestrial to digital, defining the future of mobile marketing and advancing Pandora's leading role in the future of the music industry." Read the full financial results at http://finance.yahoo.com/news/pandora-reports-q4-full-2014-210200264.html
SiriusXM (NASDAQ: SIRI) will offer subscribers extensive coverage of NBA All-Star 2015 - February 12-15 - with more than 30 hours of programming from New York on the SiriusXM NBA Radio channel, plus the live broadcasts of the 64th NBA All-Star Game from Madison Square Gardens and other All-Star Weekend events. Highlighting the weekend will be a special SiriusXM Town Hall program featuring Hall of Famers Clyde Drexler, Isiah Thomas and Dominique Wilkins, and hosted by Mad Dog Sports Radio host Stephen A. Smith. Drexler, Thomas, Wilkins and Smith will sit down in the SiriusXM studios on Friday, February 13, from 3:30 to 4:30 pm ET, where they will answer questions from the in-studio audience and discuss the All-Star Game and other headline topics from the NBA. The broadcast will air on SiriusXM NBA Radio (Sirius channel 207, XM channel 86) on Friday at 7:00 pm ET, Saturday at 5:00 pm ET and Sunday at 6:00 pm ET, and on Mad Dog Sports Radio (SiriusXM channel 85) on Saturday at 1:00 pm ET and Sunday at 7:00 am ET.
Apple (NASDAQ: AAPL) News: For a long time artists and labels have found ways to game iTunes. And fool the public. Apparently, iTunes customers have accidentally downloaded "tribute" versions of songs they thought to be the original. Some of these "tributes" sound awfully close to the originals and come with confusing titles. iTunes most recent Style Guide states that for cover or "tribute" songs, they will no longer accept any song title or artist name with the original artist name listed. Like "Problem (Originally performed by Ariana Grande)" or Artist: The Billy Joel Tribute Band. And the cover song cannot sound too similar to the original recording or it will be blocked. So all you YouTubers out there, you're going to have to get a bit more creative with the production of your covers. Read the full article athttp://www.digitalmusicnews.com/permalink/2015/02/04/itunes-will-now-block-sound-like-cover-songs
Netflix Inc. (NASDAQ: NFLX), the leading Internet film and TV subscription service, will offer a broad range of great global entertainment to Cuban consumers as Internet access improves and credit and debit cards become more widely available. Starting Monday, people in Cuba with Internet connections and access to international payment methods will be able to subscribe to Netflix and instantly watch a curated selection of popular movies and TV shows.
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