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Why Would Anyone Want to Acquire a Label, Anyway?
Wall Street was jumping on another rumor today—this time, that WMG is being more aggressively shopped. Haven't we heard this one before? Of course we have, though the latest—courtesy of the New York Post—suggests that Bronfman and company are jockeying to sell their label before Citigroup can sell theirs. So this is how it ends? We've ...
Pandora Files Initial IPO Paperwork...
Pandora has now filed the official paperwork required for an initial public offering (IPO). The “Form S-1" has been submitted to the US Securities & Exchange Commission (SEC), specifically relating to a 'proposed initial public offering of shares of common stock.' The form is available here. The number of shares to be offered and the price ...
Pandora Has Paid More Than $100 Million in Royalties Since 2007...
How much has your digital music startup paid to artists, labels, and publishers? Well, since 2007, Pandora has paid well over $100 million to SoundExchange and various publishers, according to financial details emerging this afternoon. And, that number would have been much higher had it not been for negotiated, retroactive rate reductions affecting the years 2006-2010. ...
So, How Many Music Conferences Are There, Anyway?
It's ironic: go to a music conference, and everybody says the same thing. There are simply too many music conferences! And we should know: we go to alot of these things. But how many conferences are there, actually? And how many should there be? Not counting the smaller networking events and workshops, we attempted to list ...
Is This All We Are? An Industry of Fad Formats?
It's not like people are smashing their Guitar Hero controllers, screaming for the real thing. This isn't disco, there isn't the same backlash. But they also aren't camping out for the next release, the latest track-pack or plastic instrument. Because this neverbecame the iPad, limited-edition sneaker or Star Wars mega-release. It's just a game with lots ...
It's Over! Activision Nixing Guitar Hero...
Funny how quickly games can end. First, Rock Band gets pawned off by Viacom for scraps. Now, Activision Blizzardis nixing Guitar Hero, based on a sagging revenue picture. “Due to continued declines in the music genre, the company will disband Activision Publishing's Guitar Hero business unit and discontinue development on its Guitar Hero game for 2011," ...
Alan McGee: Emi Proves P2P "Is Murdering the Music Business..."
EMI seems like the biggest enemy of EMI, though Creation Records founder and indie stalwart Alan McGee is making waves with a different take. “First things first: EMI is still a great British label," McGee penned a few days ago for NME. “It's justeconomics. Guy Hands bought it in 2007, at the height of the market, ...
How a Little Hungarian Music Startup Scored $1.7 Million...
Digital music is technically a global industry, yet big funding often goes to companies in major hubs like Silicon Valley, New York,or Los Angeles. But Hungary? That's right: the latest funding round was actually grabbed by the Budapest-based 3G Multimedia, a backend, white label startup that specializes in streaming music services. The $1.7 million Series A, ...
Yikes: Is This Where Publishing is Headed?
Of the two, publishing is the more solid counterpart to recordings. But publishing is battling its own disruptive demons, and that became even more obvious today. During its morning financial review, Warner Music Group revealed a surprising, 14.9 percent quarterly drop in publishing revenues, one that featured declines across various licensing segments. It looks like everything ...
Jon Spencer Blues Explosion Scores a Huge Super Bowl Ad...
Bank Robber Music and Deutsch LA are toasting a huge one. Rather, a ginormous one. Because the Jon Spencer Blues Explosion is not only getting featured in the upcoming “21st Century Beetle" campaign by Volkswagen—they're getting splashed during Super Bowl XLV. The group just tipped the inclusion to Digital Music News this morning. The spots will ...
