Justin Bieber Takes Twitter Drama to a Whole New Level…
Everyone has unfortunately been entangled in Facebook or MySpace drama at one point or another. But budding pop singer Justin Bieber is taking Twitter drama to a whole new level.
Breaking: Warner Music Posts Substantial Quarterly, Annual Losses
Warner Music Group posted substantial quarterly and fiscal year losses early this morning, thanks largely to recorded sales declines and restructuring costs. According to details shared ahead of the opening bell on Wall Street, losses at Warner Music (WMG) reached $18 million (12-cents per share) for the period ending September 30th, a reversal from a year-ago quarterly gain of $6 [...]
Finally, MySpace Music Licenses Merlin Labels…
MySpace Music has now finalized a global licensing deal with the labels represented by Merlin, according to details tipped Friday to Digital Music News. Both companies confirmed the relationship, thanks to resolution on a major sticking point related to equity. MySpace noted that Merlin – and other indies – are now structured to “benefit from the financial growth of MySpace [...]
When ‘All You Need to Know’ Changes Every Day…
Donald Passman is a top music industry lawyer, and his guide, All You Need to Know About the Music Business (Simon & Schuster), has been required reading since the 90s. Part of the reason for the book’s success is simple accessibility – Passman, a Harvard-educated attorney – brings a conversational, wise-cracking approach to an oftentimes heavy and plodding subject matter. [...]
Vevo. Arriving December 8th…
Vevo now has a launch date. According to a tweet from executives at the joint venture, the unveiling happens December 8th, inline with earlier calls for a late-year launch. “Vevo is launching the night of Tues., Dec. 8th,” the tweet confirmed.
Imeem Going for Scraps? MySpace Buyout Now Pegged at $1 Million…
MySpace is getting closer to a deal to acquire Imeem – at a bottom-of-the-barrel valuation. According to TechCrunch, the acquisition is being priced at roughly $1 million, a fire-sale that only includes certain assets. “MySpace will acquire most of the assets of Imeem for a purchase price of around $1 million in cash,” TechCrunch founder Michael Arrington relayed, citing multiple [...]
Surfing Some Very Choppy Employment Waters…
Unemployment – at least in the United States – is now solidly past 10 percent, a conservative estimate that does not include those exiting the job market in frustration. Or, for that matter, those settling on part-time positions to simply pay the bills. Stir a disrupted and distressed media industry into the mix, and job hunting has never been more [...]
Is Twitter a Drain on Creativity? Duran Duran Bassist Says Yes…
Instead of following their creative muses in the studio, garage, or tour bus, artists are often plugged into channels like Twitter or personal blogs. That makes sense for fan connectivity, but does it make sense for creativity?
Instrumental Moves: Best Buy Taps Dre on DJ Section…
Mega-retailer Best Buy is now tying with Dr. Dre on a DJ-themed concept, part of a larger move into musical instruments. Dre has been pushing a high-end, high-priced ‘Beats by Dr. Dre’ headphones collection for some time, and the Best Buy deal will prominently feature that series. But the initiative also includes partners Monster Cable and Beats Electronics, and customers [...]