MySpace lines up impressive advertisers for MySpace Music launch
Social networking service MySpace is all set to launch their digital media service later this month.
This new service is called MySpace Music and it would provide free music listening experience to millions of their subscribers.
This streaming music would be supported by advertisers and the company already has [...]
Warner Music Group post losses
Warner Music Group Corp. has come out with their latest quarterly revenue report and the company has posted a first-quarter loss.
The company suffered due to higher expenses in addition to an impairment charge.
Warner posted losses of $16 million during the period. This is a bad performance when compared to profits of [...]
Music label Zomba has sued PerezHilton.com for copyright infringement
Music label Zomba has filed a copyright infringement lawsuit against the popular media blog PerezHilton.com.
The lawsuit claims that the gossip blog posted recordings by musician Britney Spears.
They have filed the lawsuit in the U.S. District Court in Los Angeles. The songs are from the upcoming Britney [...]
Sony BMG in deal with Starwood Hotels & Resorts Worldwide
Sony BMG has announced that they have signed a deal with Starwood Hotels & Resorts Worldwide.
The music company would now be producing uniquely branded music and entertainment programming under the Starwood banner.
As part of this deal, Sony BMG would be working with the company to [...]
Sony/ATV Music Publishing acquiring Famous Music from Viacom
Media company Viacom Inc. has confirmed in a statement that they are indeed selling their Famous Music publishing unit to Sony/ATV Music Publishing.
The deal is said to be worth around USD 400 million and includes $370 million in cash and debt of $30 million.
Famous Music label has a [...]
Terra Firma acquiring EMI for £3.2 billion
EMI is the first major music company to be offering their music catalog without any kind of DRM on the Apple iTunes store.
The company has now confirmed that they are now being acquired by private equity firm Terra Firma for £3.2 billion.
EMI had recently rejected an acquisition bid by [...]
Warner Music Group to develop video programming through Den of Thieves division
Warner Music Group has revealed that they are now going to develop and product video programming to promote their recording artists.
This programming would be created for TV, home video and the Internet as they aim to popularize their artists hoping to generate more sales.
They [...]
Apple could benefit from EMI deal with their renewal talks with three other major labels
iPod maker Apple Inc just recently signed on a new deal with the music company EMI which has created a history of sorts.
The two companies are now selling DRM free songs from the EMI catalog on the Apple iTunes digital [...]
Music CD sales continues to fall
Recording Industry Association of America has stated in their latest figures that the sales of compact discs fell around 13 percent in 2006.
RIAA further stated that the ever growing digital download sales have more or less failed to make up for the sales shortfall.
The report stated that the sales [...]
Sony/ATV acquires Leiber Stoller catalog
Sony/ATV Music Publishing’s new head, Martin Bandier has announced that they have now acquired the Leiber Stoller catalog.
This catalog includes the hits like “Hound Dog,” “Jailhouse Rock,” “Stand By Me” and “Love Potion #9.” The company did not reveal the financial aspects of this deal though experts believe that it [...]
