WHILE YOU WERE OUT: There was a surprising amount of action in the music industry over the two week holiday break. Here is a quick compendium of top stories that you might have missed.
- Year end sales figures showed that: CD & ringtone sales fell and digital growth slowed
- Digital sales had their best week ever in late December
- YouTube is negotiating lower payments to labels
- WMG pulled all content from YouTube
- Project Playlist was banned from MySpace, Facebook and Friendster
- But Sony BMG signed on with Project Playlist
- Zune's 30G model suffered a widespread meltdown
- $800M was invested in music tech in 2008
- Major labels explore launching a video site
- A new study advised killing the CD in 2008 to save the industry
