Deep in Debt, Big Retailer Guitar Center May Be Acquired

While the biggest US name in pro audio made headlines last week with uncertain financial news, so, too, did the biggest US name in music retail. Yes, we were so caught up watching Avid, makers of Pro Tools, Sibelius, and Media Composer, as they were dropped from NASDAQ and delayed earnings reports once again, we missed the latest on Guitar Center. The big box music giant may not be able to keep up with its debt. The Wall Street Journal [paywall] reports that the retailer’s largest creditor is in “advanced talks” with owner Bain Capital to take over the company. …

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Avid Delays Financial Reporting, But Promises Brighter Future, Including Pro Tools and Sibelius

Avid, makers of Pro Tools, Media Composer, Sibelius, and other products was on Tuesday suspended from being traded on the NASDAQ stock exchange because of a failure to issue timely financial statements. And the company by the admission of its own chief executive faces a changing industry. However, our earlier report included inaccurate information from financial analysis site The Street. Their report included outdated financial data. Our reporting was not correct; we have since spoken to Avid. The Street reporting (and thus ours, in building a report on it) was inaccurate and misleading in that financial data for Avid actually …

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Avid, Maker of Pro Tools, Now Delisted from NASDAQ

We have an updated, more complete and accurate story on the issue, including commentary from Avid. Read the full feature In it, we look at the NASDAQ delisting, some ongoing concerns (SEC, DOJ, and a shareholder suit remain issues), but also Avid’s strategy and the response from the company on how they intend to move forward. Restructuring efforts at Avid maker Pro Tools are far from returning faith in the company by the stock market. Financial site The Street reports today on the state of the company’s stock. Most troubling, yesterday Avid received a letter from NASDAQ delisting the company …

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Moog Says Goodbye to Little Phatty with Lush Video, as Company, Synths Grow

What an extraordinary time of transformation it’s been in music instruments – one which has coincided unintentionally with the development of this site. When the Little Phatty first hit the market in 2006, it really was a very different era. While Moog Music had already shipped the Voyager and brought back Bob Moog’s name to their products, the market was dominated by digital instruments and in particular big workstations. Now, a whole lot of keyboards follow the path established by the Little Phatty: provide affordable instruments for musicians, use analog circuitry, embrace the monosynth, adopt one-to-one control of parameters. It’s …

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iTunes Radio, and Apple’s Solution to the Future of Music: Stream, then Buy

While they were busy not killing the Mac and the Mac Pro, it seems Apple also had some ideas about how to not kill music. Amidst hair pulling and gnashing of teeth over how streaming will impact the future of music business models, Apple’s answer is spelled out in their press release: “It’s the music you love most and the music you’re going to love, and you can easily buy it from the iTunes Store with just one click.” Whether iTunes Radio specifically works or not, this seems an obvious model. Music recordings as a business work so long as …

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With Beatguide, Listening Connects to Live Events: New Electronic Music Startup

If it’s music events, what your calendar really needs is a play button. A funny thing happened on the way to the online music world. Roughly a century after the music recording revolution, we’re all newly concerned with getting into venues with other human beings. The problem is – and there’s no nice way to say this – the tools out there just aren’t very good. Facebook’s popularity is unquestionable, to be sure, but it still doesn’t cater to music needs with its event listings. And beyond that, there’s a scattered landscape of different tools, none of which seems to …

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SoundCloud More Affordable for Creators, As Service Attempts Balancing Acts [Analysis]

We hear some pretty clear messages from CDM readers about SoundCloud. One, almost all of you seem to have some criticisms of it. Two, almost all of you appear to use it, complaints or none. Even as other services remain valuable, SoundCloud is practically its own category. (In fact, the level of detail about those complaints suggests to me that they come from ongoing, intensive usage.) Ubiquity is an understatement. “Do you have a SoundCloud?” is a question I hear about as much as I once heard “do you have a MySpace?” a few years ago. People ask it in …

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How Music Label Vlek Makes Ephemeral Sound Physical, While Giving Away Their Catalog [Gallery, Interview]

When music moved from live venues to radios and recordings, artists had to find a way to respond. Now, labels struggle to be heard in the era of Spotify and streaming, always-on, always-overabundant media. We could talk grander themes, but the possibilities of this conflict are most vivid in a microcosm. Call it post-digital or what you will, but being digital now means something different. For Belgian label, Vlek, that reality takes a number of forms, suggestive of the direction for independent electronic music. And so, in Ssaliva’s release for Vlek, executed by Dimitri Runkkari (part of Brussels’ design studio …

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The record lives. Drip.fm co-founders Sam and Miguel merge subscription ease and affordability with high-quality downloads you keep, and even closer connections to artists and labels. Think "fan club," not "utility company." Here, Sam tells CDM how it came about. Photo: Will Calcutt.

Saving Downloads, Fans? Sam Valenti IV Talks Ghostly’s Drip.FM As Label Roster Grows

PK: In the digital age, subscription services or “all-you-can-eat” music gives passionate listeners nothing if not flexibility and a wealth of music. But they can also distance music lovers from labels they care about – and the reliance on streaming threatens to sever the special relationship you have with albums that are really special. Drip.fm is different. Founded by Ghostly International, it has the affordable monthly subscription rate – but with actual high-quality downloads you keep. First launched with some of Ghostly’s boutique-quality electronic music, it has since expanded to some big names. Today could be a watershed moment for …

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Carrying her musical life on her back - in more ways than one. Zoe Keating, by Nadya Lev for Coilhouse. Photo courtesy the artist.

Zoe Keating, Cellist Who Exposed Her Musical Finances, Talks Music Making, Distribution [Interview]

She shocked the music business by revealing she wasn’t making money on Spotify – then shocked them again by revealing she was making money on our own. Now, CDM’s Matt Earp talks to cellist Zoe Keating about surviving as a creative musician, and keeping the music coming. Hint: “exposure” is not necessarily the key to survival. -Ed. Zoe Keating is an avant-garde cellist, a Canadian transplant to San Francisco who now lives on its far outskirts. Her sound slips back and forth between the classical and electronic worlds, conjuring sylvan images and dusty warehouses with equal clarity. Two self-released full-lengths, …

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