Next Big Sound
{{Use mdy dates|date=August 2016}}
{{Infobox company |
name = Next Big Sound |
logo = |
type = Private |
slogan = |
foundation = August 2008 |
location = New York, New York|
key_people = Alex White: CEO|
num_employees = 23|
products = Online music analytics|
revenue = |
homepage = [http://www.nextbigsound.com/ nextbigsound.com]
}}
Next Big Sound (NBS) is a New York–based company which provides analytics for online music. The company analyses the popularity of musicians in social networks, streaming services, and radio. The company was acquired by Pandora in May 2015.
Business model
Next Big Sound allows users to track mentions of bands and musical artists across several music websites, such as Last.fm, MySpace, Facebook, iLike, and Twitter. NBS calculates and graphs each of these statistics over time and compares the data to that of other similar bands. The site has been tracking this data since June 2009, and reports analyzing over 486,000 bands.{{citation needed|date=January 2015|reason=As of when?}}
History
The business grew from a class assignment at Northwestern University, where founders Samir Rayani (CTO), Alex White (CEO), Jason Sosnovsky (since parted with NBS) and David Hoffman (CPO) attended. As part of the entrepreneur class, students present their ideas to venture capitalists. The Next Big Sound received US$25,000 in seed money. In the summer of 2009, the company was chosen to participate in the TechStars incubator program for online startups in Boulder, Colorado. On June 1, 2012, the company moved its headquarters from Boulder to New York City.{{cite web|url=http://www.dailycamera.com/business/ci_20655804/boulders-next-big-sound-moving-new-york|title=Boulder's Next Big Sound moving to New York |accessdate=October 7, 2012|date=May 18, 2012|work=Daily Camera|author=Wallace, Alicia}}
Next Big Sound was named one of the 10 best music startups of 2010 by Billboard Magazine and CEO Alex White was named to Billboard's 30 Under 30 executives to watch list.{{cite web|url=http://www.westword.com/2010-10-07/music/fueled-by-venture-capital-funding-and-a-love-for-unknown-bands-can-boulder-s-next-big-sound-predict-the-next-rock-star/|title=Fueled by venture-capital funding and a love for unknown bands, can Boulder's Next Big Sound predict the next rock star?|accessdate=November 28, 2010|date=October 7, 2010|author=Warner, Joel|work=Westword}}{{cite web|url=http://www.billboard.biz/bbbiz/content_display/industry/e3i724a018466b894111a8d9258d7a9bd94 |title=Power Players: 30 Under 30, Page 5 |accessdate=November 28, 2010 |date=August 18, 2010 |work=Billboard |url-status=dead |archiveurl=https://web.archive.org/web/20101118101051/http://www.billboard.biz/bbbiz/content_display/industry/e3i724a018466b894111a8d9258d7a9bd94 |archivedate=November 18, 2010 }}
On May 25, 2014, the company announced a new division, Next Big Book, and a partnership with Macmillan Publishers.{{cite web|url=https://www.nytimes.com/2014/05/26/business/media/music-data-analyst-turns-sights-to-books.html|title=Music Data Analyst Turns Sights to Books|accessdate=August 30, 2014|date=May 25, 2014|work=New York Times|author=Kaufman, Leslie}} Next Big Sound raised $7.5 million in funding from Foundry Group, IA Ventures and others.{{Cite news|url=https://www.forbes.com/sites/zackomalleygreenburg/2014/09/05/30-under-30-spotlight-next-big-sounds-alex-white/#534232f23e64|title=Under 30 Summit: Next Big Sound's Alex White|last=Greenburg|first=Zack O'Malley|work=Forbes|access-date=2017-11-08|language=en}} On May 19, 2015, Pandora acquired the company.{{cite web|url=http://www.cnet.com/news/pandora-buys-next-big-sound-a-music-data-cruncher/|title=Pandora buys music data cruncher Next Big Sound|accessdate=May 20, 2015|date=May 19, 2015|publisher=CNET|author=Solsman, Joan E.}}{{cite web|url=https://www.nytimes.com/2015/05/20/business/media/pandora-buys-next-big-sound-to-track-popular-music.html|title=Pandora Buys Next Big Sound to Track Popular Music|accessdate=May 20, 2015|date=May 19, 2015|work=The New York Times|author=Sisario, Ben}}
On October 1, 2021, the company announced in a blog post that the Next Big Sound platform would be shutting down on November 1. However, the team stated that they would be transitioning to working on Pandora's Artist Marketing Platform (AMP), which would continue to share data with partners such as Billboard.{{cite web|url=https://www.billboard.com/pro/next-big-sound-pandora-shutting-down/|title=Pandora Is Shutting Down Next Big Sound|accessdate=March 27, 2023 |date=October 4, 2021|work=Billboard|author=Eggertsen, Chris}}
References
{{Reflist}}
External links
- {{official website|http://www.nextbigsound.com/}}
Category:American companies established in 2008
Category:Technology companies established in 2008
Category:Entertainment companies established in 2008
Category:Internet properties established in 2008
Category:Internet properties disestablished in 2021
Category:2008 establishments in New York City
Category:2015 mergers and acquisitions
Category:Companies based in New York City