Bid To Buy The Orchard Raised To $2 By eMusic Owners

The Orchard’s majority stock owners, Dimensional Associates, are considering a bid from music streaming service eMusic’s owners, JDS Capital. JDS have been angling for a majority in The Orchard for a while, and this is the third time they’ve come to the table with a new bid, this time of $2, up from their original price of $1.68.

The period between the announcement of the initial bid and this last news has seen the Orchard’s stock prices climb out of the trough they were in last October  (a $1.05 low point). The advantages to the tie in of a music distributor and a music streaming service are obvious, as eMusic would gain unlimited access to The Orchard’s catalogue, and take advantage of the entire chain of profit between musician and consumer, using their own services to promote artists they think will sell.

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

Pandora partner with SoundCloud to launch a new hip-hop station for up-and-coming stars

Continuing their partnership with SoundCloud, SiriusXM bring The Lookout show to their music streaming service Pandora.

Is Pandora still popular? New research shows its rivals are catching up

Spotify and Pandora have the most listeners in the US – but not for long.

Leave a Reply

Your email address will not be published. Required fields are marked *