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Digital Economy

Short-form entertainment service Quibi closes six month after it launched

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By Emmanuel LegrandThe founders of short-form content platform Quibi have decided to cut their losses and have shut down the service, just six month after its launch. Hollywood executive Jeffrey Katzenberg and former HP CEO Meg Whitman, the co-founders of the service, announced the decision in a letter to "employees, investors, and partners who believed in Quibi and made this business possible." They wrote: "Quibi was a big idea and there was no one who wanted to make a success of it more than ...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Digital Economy

Deezer CEO Jeronimo Folgueira to leave the streaming service at the end of March

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Jeronimo Folgueira, the CEO of Deezer, will leave the Paris Euronext-listed music streaming service at the end of March 2024, according to a statement from the company's Board of Directors.

Deezer said Folgueira has decided "to resign to pursue personal projects" and the Board of Directors is "currently in the process of nominating a new CEO, who will be announced in due course." The company added that Folgueira will continue to fulfill his duties as CEO until his departure at the end of Mar...

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Digital Economy

Colin Rushing named Executive Vice President and General Counsel at DiMA

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The Digital Media Association (DiMA) has appointed Colin Rushing to the newly established position of Executive Vice President and General Counsel. He reports to newly appointed President and CEO Graham Davies.

“I am thrilled for Colin to join DiMA as we embark on our new strategy," Davies said. "He brings all his invaluable expertise of US copyright law and a reputation for achieving consensus solutions. Colin’s knowledge of the US licensing system combined with his passion for championing ...

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Digital Economy

IMPALA urges Apple to reconsider plans to enhance royalty rates via spatial audio

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European independent music companies' organisation IMPALA has described Apple Music's proposal to apply a 10% stream rate uplift for music available in spatial audio as a move that will have "negative consequences for parts of the industry, particularly for independent labels and their artists."

“We support moves by services to recognise sound quality in a way that is objectively fair and sustainable," said IMPALA’s Executive Chair Helen Smith. "Our invitation to Apple on this proposal is to...

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