MySpace Music: Losing $10 Million a Month?
How bad is MySpace Music bleeding? An earlier analysis by Digital Music News showed serious traffic declines, and suddenly huge contrasts to sites like YouTube. More recently, TechCrunch founder Michael Arrington pegged MySpace Music losses at $10 million a month, according to conference notes from paidContent. “Your music business is losing $10 million per month – is that working for [...]
SoundExchange Starts Damage Control: $200 Million Balance Suddenly $39 Million…
After confirming an outstanding balance of $200 million in unpaid royalties to Digital Music News, SoundExchange is now shifting its calculations. In response to growing concern over the large amount of unpaid funds, SoundExchange executive Bryan Calhoun is backing a drastically-reduced, $39 million unpaid figure – yet, he has declined to offer any documentation or direct discussion to Digital Music [...]
Remix This: The Indaba + Peter Gabriel Connection…
Peter Gabriel is the latest to tap Indaba Music, a platform that takes music collaboration to a new level. So what is this partnership all about?
Apple + Lala, Meet Google + Simplify Media…
Regardless of whether Android is bigger than the iPhone, Google’s OS is clearly a mobile platform to be reckoned with. At Google I/O in San Francisco on Thursday, Google CEO Eric Schmidt noted that 100,000 Android phones are getting activated daily, up from 60,000 in April. Suddenly, the race for the music cloud is getting a bit more more interesting.
New Upload Process Under Construction
We are redoing the entire process of adding music. Our goal is to make it Easier, Faster and more Effective.
The Second-Lowest Chart Topper In History…
The long way down is producing a raft of bizarre stats, including a strange one from Justin Bieber. During the most recent week, Bieber scored sales of 60,343 units on My World 2.0, the second-lowest tally for a album chart-topper in the US since Soundscan started tracking in 1991.
SoundExchange Holding Over $200 Million In Unpaid Artist Royalties…
At SXSW recently, SoundExchange was trying to match $1 million in unpaid artist royalties. But the non-profit is holding an unpaid royalty account of more than $200 million, according to documents obtained by Digital Music News and information shared directly by the company. And, given the growth arcs, the amount may be quite a lot more.
The Orchard: Still Searching for the Fruits of Profitability…
Can the Orchard ever turn the corner on profitability? Despite record-setting revenues during the recent quarter, the company is still showing losses. And, continued layoffs and cost-cutting, a pare-down that helped reduce the bleeding. During the period, the company shed $0.4 million, better than a year-ago deficit of $1.1 million Revenues grew 16 percent to $17.8 million.
McCartney: EMI Is Why the Beatles Are Missing on iTunes…
EMI executives sometimes struggle against an avalanche of negative media, and Paul McCartney is the latest source of pain. McCartney recently shifted his entire solo catalog away from EMI, and now, he’s blaming the label for a still iTunes-less Beatles. “It’s been business hassles,” McCartney recently told BBC Radio. “Not with us, or iTunes. It’s the people in the middle, [...]