Tag: australia

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EthiumLive set to help fans invest in concerts

The next music-focused crowdfunding service may be Australian startup EthiumLive, which is planning to launch at the Web Summit conference this November.
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Guvera IPO blocked by Australian Securities Exchange

Streaming service Guvera’s IPO has hit the buffers, after being blocked by the Australian Securities Exchange (ASX) on which it was planning to list. “ASX must be satisfied that a company is appropriate to be listed...
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Guvera prepares for July IPO by launching prospectus

Australian music-streaming service Guvera is preparing to go public in July, but the release of its IPO prospectus has shed new light on its business. Guvera generated AU$1.2m ($0.87m) of revenues in its last full fiscal...
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Major labels seek Australian ISP blocks of KickassTorrents

The Australian arms of the three major labels have teamed up with collecting society APRA AMCOS to file a court order to force local ISPs to block access to filesharing site KickassTorrents. They’re using Section 115A,...
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Australia’s Recorded Music Market 2015, April 2016

This infographic is an extract from the Music Ally Report
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Early Australian streaming service JB Hi-Fi Now shuts down

Australian retailer JB Hi-Fi was one of the first companies to launch a music-streaming service in its home country back in 2012, but intense competition from global players is now forcing it to close. “Sadly, the JB...
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Guvera raises $72.2m and plans IPO – but lost $58.6m last fiscal year

Australian digital music firm Guvera has startled the industry by announcing an AU$100m ($72.2m) funding round, while talking up its plans for an IPO. Yet the company's latest financial results reveal that it lost AU$81.1m...
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Guvera shareholder offloads millions of shares but the service is getting a “large cash injection” soon

We can’t say that mUmBRELLA pops up on our RSS feed too often but it has a very intriguing story about Australian music service Guvera. It reports that a major (but anonymous) shareholder in the service has taken out an...
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GiggedIn raises $500k in new funding

Australian live music crowdfunding and ticketing platform GiggedIn has secured $500k in seed funding from a range of investors including BlueChilli Venture Fund, Blacksheep Capital, QUT Creative Enterprise Australia, Dominet...
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More indie bodies publish concerns about Apple Music

This is starting to feel like dominoes now: the independent music associations in Australia, France and Germany have all added their voices to the growing dispute between indie labels and Apple over the terms for its new...
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Australian anti-piracy measures move closer to becoming law

It has been brewing for a while and a bill was introduced in March, now it seems Australia’s anti-piracy legislative measures are well on their way to be implement in law. Key to the measures will be the ability of rightsholders...
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Music Ally Report 362 – Split Infinitives

Our cover feature looks at the arguments for and against writers and performers getting a larger share of digital income. Enormously costly and wasteful parts of the record business are removed with the jump into digital...