Snapchat Files for IPO

Snap Inc., the parent company for Snapchat, has filed for an IPO:

Snap today filed its S-1 paperwork with the Securities and Exchange Commission (SEC), triggering the process to go public. The company aims to raise $3 billion in the initial public offering (IPO) and will subsequently trade on the New York Stock Exchange under the symbol SNAP.

The filing also discloses that Snapchat paid $158 million to their ousted co-founder Reggie Brown:

As part of the settlement, Snap said it agreed to pay Brown a total of $157.5 million in cash, $50 million of which was paid in 2014 and $107.5 million of which was paid in 2016. The settlement ended up being much less than the $500 million Brown originally asked for.

Snapchat has been arguably the most interesting new startup in years, now the question is: will it be the next Facebook and dominate or the next Twitter and struggle to find its footing?

Tom DeLonge to Direct New Sci-Fi Feature ‘Strange Times’

The Hollywood Reporter has the news that Tom DeLonge will be directing the upcoming sci-fi- feature Strange Times:

The Blink-182 founder is set to direct a sci-fi feature that centers on a rebellious group of San Diego skateboarders, who take it upon themselves to investigate extreme paranormal activity around town, only to embark on an adventure that they could have never imagined.

And:

DeLonge’s band, Angels & Airwaves, will record new, original music for the film, which is slated to begin production in the fall.

Spotify May Delay IPO

TechCrunch is reporting that Spotify may delay it’s IPO until 2018:

TechCrunch has heard from multiple sources that the company is now weighing a plan to delay an IPO until 2018. The delay would give Spotify more time to build up a better balance sheet and work on shifting its business model to improve its margins, one source said.

After the Party (Encore Episode 142)

Encore 142

On this week’s episode of Encore I am joined once again by special guest Thomas Nassiff. Thomas returns for a deep dive on the new album, After the Party, by The Menzingers. We talk about the band in general, their catalog, and what they mean to us. Then we go through the album and talk about our favorite songs and how we think this album may just be something “special” for the music scene. We end with some chatter about the latest Japandroids’ release, and do a little bit of catching up as well.

Review: The Menzingers – After the Party

The Menzingers

Over the first ten years of their life, The Menzingers have never shied away from their boozy reputation. Numerous mentions of alcohol – the good and the bad – are littered throughout the Philadelphia band’s first four albums. Which makes the band’s new album, After The Party, so profound – we already know what happens during the party but what happens after, once all the confetti’s been swept up, the beer’s gone flat, and music turned down? After The Party explores the themes of getting older and bridging the gap between a carefree spirit to a more responsible partner while still trying to escape the mundanity of everyday life.

Review: The Early November – Fifteen Years

The Early November - 15 Years

An acoustic album is always a bit of a gamble. To take songs that fans are already attached to and release them in alternate versions runs the risk of losing what they fell in love with in the first place. The Early November have never been afraid of taking that risk. The band released an acoustic EP in 2005 and more recently a full-length acoustic album, Fifteen Years, in celebration of their 15th anniversary.