Guy Hands Proposed Separation of EMI Recording, Publishing Units…
The messy situation at EMI Group is only getting messier, thanks to a contentious lawsuit between Terra Firma and Citigroup. Now, that legal battle is starting to produce fresh documentation on a deal gone seriously bad.
iTunes Approaching 10 Billion Song Downloads…
The iTunes Store is now approaching 10 billion song downloads, and the fanfare starts immediately. The streamers are already adorning the ‘Countdown to 10 Billion Songs’ celebration, and Apple is awarding a $10,000 iTunes gift certificate to the fan who hits the magic number. That is certainly a monster gift certificate, appropriate for the threshold on hand.
#Musicblogicide2k10: Why Google Axed Those Music Blogs…
Google has now deleted a number of music blogs from its Blogger service, at the behest of concerned major labels. The labels tapped the blogs based on copyright infringement issues, though the blogs themselves were severed a bit unceremoniously.
More (Or Less) Shazam: Will Recognition Caps Drive Premium Purchases?
Shazam is now limiting the amount of free recognitions that users can enjoy, a move designed to force premium upgrades. Specifically, the latest 1.8.5 upgrade limits the user to 5 tags per month on the free app*.
Americans Spending $1,000 Annually On Entertainment Subscriptions…
Americans – and consumers worldwide – love their entertainment, and the content is flowing through broadband accounts, cable TV channels, Netflix subscriptions, gaming consoles, and mobile phones. In fact, according to a recent projection by the US Census Bureau (first tipped by the New York Times) the average household in the US will spend $997.07 on entertainment-related subscriptions for cable [...]
Yes. Lil’ Wayne Shot Nine Videos Last Weekend…
How many videos did you shoot last weekend? Or, last decade? Ahead of a jail stint, Lil’ Wayne recently shot a string of nine videos over a 48 hour period, according to details shared by MTV. The vids were directed by David Rousseau, and Wayne and the Cash Money team could qualify for the Guinness Book of World Records.
Vevo Still a No-Go? Warner Music Remains Cool On the Idea…
Bronfman sent a serious jab towards Spotify on Tuesday, part of a larger discussion with analysts. But the Warner Music Group chairman also splashed cold water on Vevo, and offered more explanation for the label’s licensing holdout. Warner is currently the only major label withholding its content on Vevo.
Owen Van Natta Exiting MySpace; Hirschhorn Steps Up…
MySpace CEO Owen Van Natta is now exiting, according to information confirmed Wednesday evening by News Corp. In his place, Mike Jones (formerly Chief Operating Officer) and Jason Hirschhorn (formerly Chief Product Officer) are elevating to Co-President positions. Both will report to Jon Miller, Chairman and CEO of Digital Media for News Corp.
Better Than We Thought: Wall Street Bumps WMG…
Warner Music Group shed $17 million – or 11 cents per share – during the fourth quarter, a sharp reversal from year-ago gains. But Wall Street was expecting something worse – closer to 14 cents according to Thomson Reuters – and shares moved upward in Tuesday trading. At the bell, WMG finished at $5.02, a 4.8 percent gain over the [...]