Tag: Chief Executive Officer

ASCAP 2018 Revenue Tops $1.227B; Distributions Hit $1.109B

ASCAP, The American Society of Composers, Authors and Publishers, announced that its total revenues for 2018 topped $1.227 billion, an increase of 7% over 2017.  Additionally, ASCAP distributions crossed the $1 billion mark for the second year in a row, with $1.109 billion in royalties paid out to its songwriter, composer and publisher members. Distributions increased by $102 million, up 10% year-over-year.

ASCAP domestic revenue from US music licensing surpassed the prior year by 7% to hit $906 million.  Key licensing categories saw significant organic growth:  Audio Streaming revenue was up by 25% and Audio Visual by 7% year-over-year.  General and Background revenue, which encompasses more than 800,000 bars, grill

iHeartMedia, Inc. (“iHeartMedia”), America’s number one audio company, today announced that the Company has successfully completed its restructuring process.

As a result of the comprehensive balance sheet restructuring, iHeartMedia’s debt has been significantly reduced – from $16.1 billion to $5.75 billion.

In addition, in conjunction with completion of the restructuring, and in accordance with its Plan of Reorganization (the “Plan”), iHeartMedia and Clear Channel Outdoor Holdings, Inc. (“CCOH”) have fully separated, creating two independent publicly-traded companies.  Clear Channel Outdoor Holdings, Inc. shares will continue to be traded on the New York Stock Exchange under the ticker symbol “CCO.”<

Netflix First-Quarter 2018 Financial Results, Streaming’s Continued Growth

Nexflix First Quarter 2018 Results In May of 2013, Netflix stock was worth $34.16. Today five years later, it's worth $329.00.

Sony Music and Estate of Michael Jackson Renew Their Landmark Deal

Sony Music and the Estate of Michael Jackson have agreed to a landmark recording deal that will continue the label's 42-year relationship with Michael Jackson and his music, it was announced today...

Radio One is now Urban One, New Logo

Radio One, Inc. Officially Launches Name Change To "Urban One" On The 18th Anniversary Of Its IPO New Name Reflects Long-Standing Role as the Only Integrated Multimedia Company Representing Black Culture Commemorating the...

Cox Media Group Appoints New President

Cox Enterprises  announced that Kim Guthrie will be appointed president of Cox Media Group, an integrated broadcasting, publishing and digital media company. She will succeed Bill Hoffman who has announced he will...

Kim Guthrie and Other Women Who Lead to be Honored by The Alliance of Women in Media

The Alliance for Women in Media (AWM) is pleased to announce its honorees for the upcoming Women Who Lead luncheon. The event will take place on November 15, 2016 at 10 on...

Rednote Announces New Leadership Team

Rednote, the music messaging platform, today announced a trio of new executive appointments to spearhead the company's growth: Andrew Blacker to Chief Executive Officer, Kristin McDonnell to Chief Operating Officer and Marc...
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