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Universal Cuts 50, WMG and EMI Sale Rumors Grow. but at the Top, They're Playing Musical Chairs
Source:
HypeBot
The major label roller coaster ride has intensified over the last few days with a series of staff cuts, executive changes and sale rumors that should radically shift the major label landscape. But will they lead to real change? Last week, new UMG CEO Lucian Grainge began his reign with 50+ staff cut across the U.S. operation. Finance, IT and administrative services appear to be the heaviest hit. Over at Warner Music Group, CEO Edgar Bronfman Jr. seems to be ...
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Will Google Music Offer Full Song Previews?
Source:
HypeBot
The central appeal of Google Music is that it will allow fans to buy music within the company's search engine. Rather than fans seeing solely YouTube videos, Wikipedia entries, and lyrics - as well as torrents - when they search for an artist or song in Google, they'll now be able to purchase music too. However, when a fan goes to purchase a song and they want to preview it first, how long will the stream be? Will fans be limited to ...
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# Midem Panel: Reinventing the Music Business
Source:
HypeBot
During the MidemNet panel hosted by marketer Virginie Berger of Don't Believe the Hype, Jeff Castalez of U.S. based indie Dangerbird declared, Our company is not trying to make record deals. We're making business deals.. Instead of expensive one to many marketing, we're now working to encourage advocacy." Later in the panel he shared, We don't care about market-share and trade press. Lawsuits and the like are distractions. We care about building a few great bands." Other highlights: We're all about ...
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Mystery Street Records Debuts with “Sounds of New Orleans: Frenchmen Street”
Source:
Chris M. Slawecki
New Orleans: Mystery Street Records is celebrating its official launch with the February 1st release of Sounds of New Orleans: Frenchmen Street, the first in a series of themed CDs that explore the phenomenally eclectic music of New Orleans.
Fresh off an incredibly successful last few years with the fan-funded and volunteer run Threadhead Records label and its sister Foundation, founder Chris Joseph created the new affiliate Mystery Street Records label in part for the purpose of releasing themed albums ...
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IODA Announces New Dashboard #midem
Source:
HypeBot
Jumping ahead of the rush of announcements to come, U.S. based digital music distributor IODA today announced at Midem the launch of the redesigned global Rightsholder Dashboard, the main interface between it label and artist clients and the company. The new Dashboard sets a new benchmark for digital content management platforms,"according to Mike Drake, VP of Engineering at IODA. It gives our users the power to customize how each release is sold and promoted globally through fine-grained delivery and pricing ...
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Rhapsody Adds over 100,000 New Subscribers
Source:
HypeBot
Since April, Rhapsody has gained over 100,000 net new subscribers. The total number is upwards of 750,000. The company estimates that there are around 1.5 million US music subscribers, which means that it has captured around half of the market. While mobile has helped fuel their growth, Rhapsody is also speaking with cable television companies. They hope that by bundling the service with other amenities like cable TV and high-speed internet, fans will be more prone to accept an extra ...
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Spotify Paid out $61 Million to Labels in 2010
Source:
HypeBot
Updated. In 2010, Spotify grew from 250,000 paying users in March to 750,000 at the end of the year. During that time, the company paid out just over $61 million to rights holders and labels. Spotify has signed one deal with Sony Music. To come to the US, they will need another large label such as Universal Music. Otherwise, the catalog holes will be too great. Even if the company is able to sign more deals, a Q1 launch isn't likely, ...
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