|Tue, September 20, 2011 at 2:42 AM|Send Blog · Share on Facebook · Bookmark on Delicious
You are cordially invited to NARIPâ€™s
NARIP Town Hall Meeting and Cocktail Mixer in Atlanta
on Wednesday, September 21, 2011
at SESAC in Atlanta, GA
We're doing it again!
This is a time of great change in the record business, in case you hadn't noticed. With more and more people striking out on their own, not to mention ongoing lay-offs at many record labels both large and small, there is a greater need than ever for professionals in our business to come together, meet, mingle and create meaningful professional networks for themselves.
NARIP at your service!
Town Hall What!?
NARIP Town Hall Meeting will include a 30-second introduction from each attendee, to help each of you identify and get in front of the people who have the resources you need, people who can make a difference in your business. Targeted networking! (Professional speed dating!)
Also, meet NARIP Atlanta board members and share a cocktail!
Don't overlook the importance of making new friends and meeting new people. Dig the well before you need the water, which we all need sooner or later.
Join NARIP and friends, meet new people and have fun.
Special thanks to Cappriccieo Scates, Senior Director at SESAC and NARIP Atlanta Board Member, for his help with this event.
Admission at NARIP's Town Hall Meeting / Cocktail Mixer at SESAC is FREE, but please RSVP your attendance.
Is your network not working? Ours is.
They can't promote you if they don't know who you are!
Wednesday, September 21, 2011
7:00 - 9:30 p.m.
SESAC Atlanta Office
981 Joseph E. Lowery Boulevard NW
Suite 102 ---- Please note NEW suite number, SESAC has moved!! Same building, different suite.
Atlanta, GA 30318
Click here for map.
Call 818-769-7007 or jen AT narip DOT com
|Mon, February 14, 2011 at 5:50 PM|Send Blog · Share on Facebook · Bookmark on Delicious
Pandora filed for an initial public offering (IPO) of common stock on Friday, lifting the curtain that had hidden the financial details of the leading Internet radio company. Now, because of the disclosure requirements placed on companies seeking an IPO, financial facts like Pandora's revenue, royalty expenses and executive compensation are now available to the public.
Pandora's revenue has grown at an incredible rate. In the nine months ending October 31, 2010, the company had revenue of $90.1 million and a net loss of $0.3 million. That will likely put full-year revenue over $120 million. In all of fiscal 2010 (the 12-month period ending January 31, 2010) the company had revenue of $55.2 million and a net loss of $16.3 million. The year before revenue was just $19.3 million and net loss was $28.2 million.
The company is heavily reliant upon advertising and gets relatively little from paying customers. While Pandora offers paid subscriptions for ad-free listening, it accounts for less than 14% of the company's revenue. Advertising accounted for 86.4% of revenue in the nine month period ending October 31, 2010. At $36 per annual subscription, that comes out to about 454,000 subscribers in the first nine months of fiscal 2010. In other words, less than 1% of Pandora's 71 million registered users (as of October 31, 2010) have opted to pay for the ad-free service. Subscription revenue has improved, however, climbing from 5.6% of total revenue in the 12 month-period ending January 31, 2009.
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Royalties take a big - but declining - chunk of Pandora's revenue. The company paid out $45.42 million for content in first three quarters of 2010, or 48% of revenue. As a percent of revenue, content acquisition costs have from 119% in the quarter ended April 30, 2009 to 44% in the quarter ended January 31, 2010. They were 58% of revenue in the quarter ended April 30, 2010 and 48% in the following two quarters.
Royalties paid to the three PROs accounted to 4% of total revenue. BMI gets 1.75% of gross revenue. SESAC gets 0.38% of gross revenue. Pandora terminated its agreement with ASCAP in October 2010 because the company felt the royalty rates are "excessive." A final determination is pending.
Pandora is selling its IPO as a bridge to a successful future. "We have pioneered a new form of radio," the company states in the S-1 filing. The $100 million it hopes to raise will be used to enhance the service, develop innovative ad products, build ad sales and support organization, expand distribution, expand to other territories and expand into non-music content.
To help make its case, Pandora offers...Click to continue reading
Source: Glenn Peoples/Billboar
|Sun, February 13, 2011 at 8:31 AM|Send Blog · Share on Facebook · Bookmark on Delicious
The business legacy and impact of Sean "Diddy" Combs will be celebrated during the Grammy Awards this weekend, when producer/songwriter Bryan-Michael Cox, SESAC and 100 Urban Entrepreneurs host a private gala for the mogul.
Hundreds of aspiring musicians, executives and entrepreneurs will join Cox in celebrating Combs on February 13th at an undisclosed location in Los Angeles.
The event is special for Cox, who has worked intimately with Diddy throughout his career, writing and/or producing hit songs for Cassie, Day 26, Mary J. Blige and Diddy himself.
"I see Diddy's work as an artist being celebrated all the time," Bryan-Michael Cox said in a statement. "It was important to me to celebrate his work and honor him as a businessman who's marketing genius changed the face of the music industry. Having worked closely with him throughout the years, I've been a direct beneficiary of his counsel and its been life changing."
Bryan-Michael Cox and SESAC have...Click to continue reading
Source: Roman Wolfe/AH
|Wed, June 24, 2009 at 8:57 AM|Send Blog · Share on Facebook · Bookmark on Delicious
Hollywood, CA - In celebration of BET Awards, AllHipHop.com along with S.E.S.A.C & Bum Squad DJ's will be hosting a supreme industry mixer for artists, DJ's and industry elite. This event offers the opportunity for guests to indulge in what DJ's, artists, and industry elite deserve â€" an exclusive evening with many desired amenities under one roof. This event will take place at a pristine castle and will feature a four floor open bar, game room, lounge area,and gifting suite for each guest to enjoy.
Guest list includes but is not limited to the following:
Busta Rhymes, Jim Jones, Missy Elliott, Pleasure P, Rick Ross, Kurupt, and Too Short.
Along with special invited DJ Crews: Bum Squad DJ's, Core DJs, Heavy Hitters, and The Specialists. â€¨
Friday June 26, 2009
Red Carpet begins 8pm-930 pm
Over 20 media outlets confirmed
To confirm your clients' attendance or to receive media credentials,
Please send request to: LymeLiteMedia@Gmail.com
**Upon approval you will receive arrival and parking information**