Daily Edit | May 31

Bad Nerves
Still Nervous
Lowly 

Stories

Hacking group ShinyHunters claims to have breached Ticketmaster and is attempting to sell the personal data of 560 million Ticketmaster users. The asking price is reportedly $500k. 

Speaking to investors and analysts, Sony Music CEO Rob Stringer has called upon streaming services to charge ad-supported listeners a modest fee in an effort to close the price gap between paid subscriber and ad-supported users. While Spotify has 62% more free listeners than paid subscribers, advertising accounted for 10.7% of Q1 revenue, compared to 89.3% from paid subscriptions.

Music information hub ROSTR has launched Stack - a massive directory of tools, resources, and curated recommendations for artists and music professionals.

Hires & Promotions

Patch Culbertson | evp / gm | Big Loud

Signings

J Balvin | records | Interscope Capitol Miami