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Post by turkeysandwich on Mar 3, 2018 1:55:17 GMT -5
They have bought most of the most poplar stations in my area, including the classic rock station that has been the same name for nearly 40 years, then as soon as Iheart bought it, they changed the name, which has annoyed most of their listeners and went to robo-djs which annoyed everyone.
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Post by Bang Bang Bart on Mar 3, 2018 2:07:27 GMT -5
I wonder what happens to its Canadian arm, which has an extensive partnership deal with Bell Canada?
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ayumidah
Wade Wilson
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Posts: 26,647
Member is Online
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Post by ayumidah on Mar 3, 2018 2:20:50 GMT -5
I wonder what my local radio station will do for online listening if they go under.
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Post by Joe Neglia on Mar 3, 2018 2:31:07 GMT -5
Having just found out what this company does, how the shit did they manage to owe 20 billion? 20 million maybe but billion? Jesus. They signed everything with a stamp! In seriousness, it's multiple aspects that aren't limited to but including multiple yearly concerts & awards shows, excessive advertising without a means for sufficiency, expecting ads on their radio stations & app will pay back their outgoing revenue, and more. Those festivals still have me scratching my head. Even the best festivals of the last 20 years strive for maybe a couple of headliners, 3-4 top B-listers and a crapton of C-listers with a few even lower sneaking through. Their 2016 event had Britney, U2, Sting, the #$&@ing Backstreet Boys, Usher, Pitbull, Panic At the Disco, Drake, Ariana Grande, Billy Idol, Tears for Fears, Florida Georgia Line and 19 other bands. There's no way they could have afforded that even if it was just those first five acts and no one else, and there's no way they could get a crowd to even remotely justify it.
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Post by G✇JI☈A on Mar 3, 2018 2:44:50 GMT -5
They signed everything with a stamp! In seriousness, it's multiple aspects that aren't limited to but including multiple yearly concerts & awards shows, excessive advertising without a means for sufficiency, expecting ads on their radio stations & app will pay back their outgoing revenue, and more. Those festivals still have me scratching my head. Even the best festivals of the last 20 years strive for maybe a couple of headliners, 3-4 top B-listers and a crapton of C-listers with a few even lower sneaking through. Their 2016 event had Britney, U2, Sting, the #$&@ing Backstreet Boys, Usher, Pitbull, Panic At the Disco, Drake, Ariana Grande, Billy Idol, Tears for Fears, Florida Georgia Line and 19 other bands. There's no way they could have afforded that even if it was just those first five acts and no one else, and there's no way they could get a crowd to even remotely justify it. Yes, there’s your answer. Two of Australia’s biggest travelling music festivals (Soundwave & The Big Day Out) are longer held because the promoter (same guy for both) absolutely stacked the line ups. The shows sold well .. but then suddenly the were canceled along with a third smaller festival (Harvest) this guy promoted which for also for its size had a stacked line up (the last year it was staged it was headlined by Sigur Ros, Beck and Santigold.. with Mike Patton, The Dandy Warhols, The Black Angels and Dexys also on the bill) Turns out the guy promised the bands far too much money (its hard and expensive getting big acts to tour Australia, especially for touring festivals) and one year the musicians were like.”where’s our f***ing money!?”. And like that two of Australia’s largest music festivals were gone. And some smaller ones. So I would not be surprised if it was the music festivals that f***ed Iheartradio.
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Glitch
King Koopa
Not Going To Die; Childs, we're goin' out to give Blair the test. If he tries to make it back here and we're not with him... burn him.
Watching you.
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Post by Glitch on Mar 3, 2018 2:49:49 GMT -5
Considering what clear channel did to radio, serves them right.
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Reflecto
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Post by Reflecto on Mar 3, 2018 3:02:40 GMT -5
They signed everything with a stamp! In seriousness, it's multiple aspects that aren't limited to but including multiple yearly concerts & awards shows, excessive advertising without a means for sufficiency, expecting ads on their radio stations & app will pay back their outgoing revenue, and more. Those festivals still have me scratching my head. Even the best festivals of the last 20 years strive for maybe a couple of headliners, 3-4 top B-listers and a crapton of C-listers with a few even lower sneaking through. Their 2016 event had Britney, U2, Sting, the #$&@ing Backstreet Boys, Usher, Pitbull, Panic At the Disco, Drake, Ariana Grande, Billy Idol, Tears for Fears, Florida Georgia Line and 19 other bands. There's no way they could have afforded that even if it was just those first five acts and no one else, and there's no way they could get a crowd to even remotely justify it. But the problem- even though big acts like that would be expensive, is that it ignores the other elephant in the room that likely makes the festivals a very small part of iHeartRadio's issues. Radio festivals and big radio station produced concerts are, by and large, a quid pro quo arrangement between the station and the artist: You play this festival/this big show for us, and in exchange we'll put your new single into heavy rotation on our station (and if they already have a hit on the station, it likely falls into "You've got a blue-chip hit for us, but the second single is flailing and it looks like you might be a one-hit wonder? Not here- play the show, we'll put that single into heavy rotation too." For a company as big as iHeartRadio, that has a big reason for the amount of huge bands who play their festivals: Play their festival, your new single will be on hundreds of stations' rotations, which basically goes to "play the iHeart festival for this lower fee, and you're basically guaranteed at least a top 10 genre hit", if not "guaranteed a top 40 hit in exchange".
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Deleted
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Post by Deleted on Mar 3, 2018 10:50:22 GMT -5
They signed everything with a stamp! In seriousness, it's multiple aspects that aren't limited to but including multiple yearly concerts & awards shows, excessive advertising without a means for sufficiency, expecting ads on their radio stations & app will pay back their outgoing revenue, and more. Those festivals still have me scratching my head. Even the best festivals of the last 20 years strive for maybe a couple of headliners, 3-4 top B-listers and a crapton of C-listers with a few even lower sneaking through. Their 2016 event had Britney, U2, Sting, the #$&@ing Backstreet Boys, Usher, Pitbull, Panic At the Disco, Drake, Ariana Grande, Billy Idol, Tears for Fears, Florida Georgia Line and 19 other bands. There's no way they could have afforded that even if it was just those first five acts and no one else, and there's no way they could get a crowd to even remotely justify it. I forgot about that festival in Vegas! That's just like that New Year's Eve PPV that Bischoff wanted for the end of 1999 that'd have a full KISS concert afterwards. Except, this actually happened. Where I live, the majority of festivals are budget minded where there's a headliner, a few bands that's Glory days are behind them, and plenty of obscure ones. If any other them attempted what Clear Channel did, they'd be bankrupt before the concert itself.
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