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MarketFoolery

MarketFoolery: 04.16.2014

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 16 April 2014

⏱️ 21 minutes

🧾️ Download transcript

Summary

We analyze the world of digital media, including Pandora, iTunes Radio, Spotify with Audiam CEO Jeff Price. Plus, Jeff discusses how Netflix, Amazon, and many more are fighting in the “Battle for the Living Room”.

Transcript

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0:00.0

It's Wednesday, April 16th.

0:04.4

Welcome to Market Fullry.

0:05.8

I'm Chris Hill and Industry Week continues.

0:08.6

Today we're talking digital media, and I'm alone in the studio,

0:12.2

but fortunately joining me on the phone is Jeff Price.

0:15.0

He has spent his career in the music industry as a record label executive, the CEO of Toon Corps, which is the largest music distribution and publishing administration entity.

0:26.0

And currently he is the founder and CEO of Audium, a company that gets artists, labels,

0:30.5

and music publishers paid when their music is used on YouTube.

0:35.6

He joins me now from California.

0:37.5

How are you my friend?

0:38.5

I'm well, thank you very much for having me.

0:40.7

Big fan of the show, by the way.

0:41.9

Well, thank you very much. You're

0:43.3

sucking up to the host always a great way to go. I've always said that. I

0:47.1

I want to talk about Audium in a little bit but let's start with digital music and companies that we frequently talk about on market

0:55.8

foolery and the battles as they play out.

0:59.8

One of them is the music battle, Pandora and Spotify and iTunes.

1:05.9

And recently, there was a story about iTunes radio,

1:09.6

which I think a lot of people,

1:10.8

maybe just by virtue of how dominant iTunes was as a platform for selling music and also just how big Apple is how much cash they have on hand that iTunes radio was just certainly had the potential to just come in and crush

1:24.1

Pandora and Spotify but a story recently from Billboard about how

1:30.0

from a business standpoint iTunes Radio is really not doing a lot to drive sales

...

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