A team of Morgan scholars representing the Earl G. Graves School of Business and Management (SBM) placed third at a recently held...
[caption id="attachment_244406" align="alignnone" width="911"] Common at Taste of sbe (Ali Buck Photo)[/caption]
TIDAL to curate soundscape for sbe properties, joining sbe in a global collaboration as the latest addition to sbe's ever-growing portfolio of affiliationssbe, the leading international hospitality group that develops, manages and operates award-winning hospitality brands is proud to announce a partnership with TIDAL, a global music streaming and entertainment platform. This unique partnership is bringing the streaming service to sbe venues in the US and UK. The companies will collaborate on music driven brand experiences across the sbe portfolio, bringing first class entertainment to hotel properties. The partnership was officially announced on October 19, 2019 at Taste of sbe LA, sbe's annual culinary showcase. The celebration featured a live performance presented by TIDAL from Academy-Award winning Artist, Actor and Activist, Common. In the coming months, the brands will collaborate on events during Art Basel, Miami Music Week, Coachella and Super Bowl. Sam Nazarian, Founder and CEO of sbe states: "Music represents an important part of the sbe brand experience and we are excited to partner with a such a dynamic group as TIDAL, to bring entertainment and guest experience to the next level at our properties. The collaboration with TIDAL is reinforcing our progression to work with the most innovative global platforms in the market and to provide the most forward-thinking technologies to our properties' owners, and more importantly our guests." Lior Tibon, COO TIDAL states: "Music is a major contributor to the ambience of any space or event. The sbe group created a welcoming and sophisticated environment for their guests across properties and our soundtrack will undoubtedly take the experience to the next level." Upgrading the guest experience, TIDAL will curate custom soundtracks across key locations in sbe properties, including, SLS, Delano House of Originals, Mondrian and Hyde. Beginning with Delano Miami later this year, the lobbies, pools, lounges and restaurants will feature TIDAL's playlists and include jukebox installations in-lobby. Guests of select sbe properties will be able to enjoy TIDAL as in-room entertainment through a dedicated content channel. Through the partnership, both brands will provide exclusive offers and benefits to their respective customers. sbe guests will receive a free 3-month TIDAL HiFi subscription followed by 20% off annually where they will have access to the platform's extensive library of over 60 million songs, 250,000 high-quality videos and a robust catalogue of original video series. TIDAL members will be given access to exclusive benefits when staying at sbe properties including the fourth night free during consecutive stays, complimentary upgrades and late checkouts (pending availability). As an innovative leader in hospitality, sbe has curated an extensive and attractive program to bring guests a wide range of unique experiences and services. TIDAL's relationship showcases the continued interest in the growth of the sbe brand globally. Other exciting sbe partnerships include Sprint, Corp., Chase Sapphire, Maria Sharapova's Sugarpova confectionery line, Lincoln Motor Company, Danone with its brand Evian and LG. Collaborating with sbe adds to TIDAL's growing list of partners, illustrating TIDAL's value of providing seamless listening and viewing experiences for its members. TIDAL partners include Barry's Bootcamp, Bershka, Lincoln, Mercedes Benz and more. For a full list see here.
[caption id="attachment_243626" align="alignnone" width="1852"] New Amazon grocery store in Woodland Hills, CA. photo: Kevin Ross[/caption] It was rather surprising a couple of months ago when Amazon had announced they were doing a partnership with Whole Foods. It was even a little bit comical that Whole Foods was offering discounts ... something that most people do not associate with the Whole Foods name. The partnership was very short. The Amazon prime and Amazon connection failed miserably. So what does a company like Amazon do when they make a mistake like that? Disassemble the relationship and open their own damn grocery stores, that's what (lol). Here’s one opening in my neighborhood that supposed to be top-secret but in having a conversation with one of the workers he told me what it will be. It will be very interesting to see how the store does. I’ve always told several entrepreneur friends that Amazon was going to end up doing this. They were going to crush the brick and mortar concept and then once they did that, the were going to redo it all over again with their name on it, damn near owning everything. Don’t be surprised if you see Amazon clothing stores Amazon furniture stores Amazon shoe stores and more and I'm sure they will probably tie in those pick-up lockers where you can pick up your Amazon items from the stores too WHILE you shop. Pretty damn brilliant.
San Francisco-based startup Himalaya Media has launched its new podcast platform and network with an amassed $100 million. Led by Yu Wang (former CTO and co-founder of Otto Radio), it is venturing into both the content and technology sides of the podcast world. The company has released apps for iOS and Android, loaded with 270,000 podcasts and 20 million episodes so far. The goal is to encourage listeners for the app to be a centralized podcast source between the various other apps listeners may use. A unique feature is that Himalaya gives bonuses to podcasts based on the number of followers they have rather than focusing on advertising. VP Peter Vincer has stated that the company is experimenting with models for the development of premium content: “The U.S. market has shown that it can support paid content and other large international markets have developed models even stronger in premium... We see potential in the future to add greater in-app premium capabilities, and we are strategically planning for this future.”
In late 2017, Penske Media Corporation purchased a 51% controlling stake in Rolling Stone magazine from its founder Jann Wenner. Wenner had resisted selling Rolling Stone for years despite declining sales, and opened up to the idea of selling it off three years ago. The remaining 49% had been purchased by the Singapore-based BandLab Technologies. Now, PMC has confirmed they've finally bought the remaining stake of the iconic magazine. In a memo sent to staff, Jay Penske, PMC Chairman and CEO, confirmed: “In the twelve months since PMC’s initial investment into this incredible team and legendary brand, the need to consolidate the Rolling Stone business has become abundantly clear and something that BandLab and their leadership team also recognized and were in full support of... We continue to have shared goals and will continue to collaborate in the future. This strategic transaction is a key move for what will be many years of future growth and expansion for Rolling Stone, both domestically and abroad.”
Warner/Chappell Music announced yesterday that Ben Vaughn would be promoted to president & CEO of Warner/Chappell Nashville. Vaughn has been with Warner/Chappell Music since 2012 and will lead the division's commercial and creative activities. He will report to the company's Co-Chair & COO Carianne Marshall and their incoming Co-Chair & CEO Guy Moot. Steve Cooper, CEO of Warner Music Group, noted: “Ben has been an exceptional leader for our Warner/Chappell Nashville operation since coming on board seven years ago... In addition to being an A&R force who’s deeply invested in the success of each and every songwriter, he’s an innovative, perceptive dealmaker and a staunch advocate for creative rights.”