On the Edge of Default: More Details On a Souring EMI…
Is EMI Music getting closer to the edge? That is the growing consensus, based on a souring loan situation. The latest to pile on is the Wall Street Journal, whose researchers recently sank their claws into this distressed darling. Most of the facts are review – pending defaults, a major focus on refinancing by Guy Hands, and serious internal turmoil [...]
The Orchard’s Cash Position: Does This Make Sense?
The Orchard posted significant losses during its most recent quarter, and the company has suffered a significant reduction in its cash position over the past year. Alongside widening losses, the company disclosed a cash total of $4.2 million, down from $10.4 million last year.
More Evidence of MySpace Music Gaming Emerges…
MySpace friend totals have always been an exercise in exaggeration, and bands are notorious for aggressively courting – or spamming – prospective followers. But the art of gaming MySpace Music does not end there.
Tango Dancing in London
Cool documentary on the London Tango scene licenses 15 tracks from Music Supervisor.com.
Guitar God Les Paul: 1915-2009…
Guitar virtuoso and instrument architect Les Paul has now passed at the tender age of 94. Younger players probably know the guitar that bears his name better than the innovator himself, part of a lasting legacy that will continue for many decades to come. Les Paul is known as a consummate musician and jazz virtuoso, but more for reshaping the [...]
More Questions: The Orchard Posts Wider Quarterly Losses…
The Orchard (ORCD) posted wider losses during the second quarter, a setback on earlier hopes of profitability. During the recent period, net losses reached $1.1 million, or $0.18 per share, larger than year-ago losses of $0.8 million, or $0.12 per share. Revenues actually gained, lifting 13 percent to $15.1 million, though costs also elevated.
Walt Mossberg chats music, record labels with Moby
Moby. Mossberg. Tonight. At 7:30 p.m., the WSJ’s Walt Mossberg will quiz techno-savant musician Moby about music and entertainment in the digital age, their favorite new gadgets and other personal technology issues. The interview is a part of the WSJ’s Summer Scoops Live series.
Iovine, Dre, HP, and the Battle to Reclaim Sound Quality…
Is sound quality a major concern for most music fans? Actually, not really – most are unaware of differing bitrates, high-end options like FLAC, and the finer points of fidelity. Instead, most are happy with white earbuds instead of premium headphones, and startups geared towards super-fidelity experiences have suffered (for example, MusicGiants).
SoundExchange Reveals Public Radio Webcasting Accord…
SoundExchange has now completed another online royalty agreement, this time with public radio broadcasters. The resolution was finalized last month with the Corporation for Public Broadcasting (CPB), though the parties are now officially disclosing their handshake.