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WMG Revenues Decline 13%, Digital Sales Grew 7%
In SEC filings this morning, Warner Music Group reported revenue of $752 million, a decline of 13% from the prior year quarter (-12% on a constant currency basis). Full year 2010 revenue declined 7% to $2,984 million (-9% on a constant currency basis). Despite declining revenue, cost cutting helped grow the company's cash war chest to ...
How 550,000 Artists Collaborate and Create Together
(Read part 1 of the interview here.) The proliferation of social production tools and aligning them with the intrinsic motivations of musicians isn't enough to bring about cultural change though; musicians need real-life opportunities to act on too. The way that musicians understand the opportunities available to them has changed drastically over the course of the ...
Big Facebook, Myspace Joint Announcement Today
(Updated) MySpace and Facebook will make a major joint announcement at Noon PST today according to a press invitation sent last night. Mike Jones, CEO of MySpace, and Dan Rose, VP of partnerships and platform marketing for Facebook will be handling the presentation, but no other details were offered. Several sources are pointing towards increased integration ...
Helping Artists Embrace, Make Sense of the Chaos
(Read part one and two of this interview.) In his book Cognitive Surplus, Clay Shirky argues that the single greatest predictor of how much value can be derived from this surfeit of free time is how much we “allow and encourage one another to experiment, because the only group that can try everything is everybody." In ...
Activity, Not Passivity: Raising Cultural Awareness
Lately, I've had the pleasure of getting into in-depth discussions with the thinkers behind Songkick, We7, and Slacker. It's been a great experience. One of the things that I've been bringing up in each of these talks is the nature of the mechanisms through which we consume music and the set of behaviors they promote. My ...
Video: A Darwinian Theory of Beauty in Music and Art
Humans are hard-wired to seek beauty in music and in the arts. This view comes from Denis Dutton, a philosophy professor and author of The Art Instinct. In this TED talk, Dutton explains his theory on beauty. Dutton believes that art, music and other beautiful things are a core part of human nature with deep evolutionary ...
Official: The Beatles Available on iTunes
(UPDATED) It's official, Apple's promised big announcement was not music in the cloud, but rather the digital debut of The Beatles. Both individual track and full album downloads went live on iTune's this morning just ahead of the official 10AM ET announcement. Single tracks were for sale at iTune's U.S. “hit single" price of $1.29 wach ...
The Dangers of Social Media as Sales Pitch... or How Artists Create Seth Godin's Meatball Sundae
Recently, I spoke with Paige X. Cho, who is the Administration and Promotions Manager for digital distributor Valleyarm during business hours, and a freelance music writer and marketing consultant for bands at night. She's also recently started up Melbourne music blog Paper-Deer to fulfill her obsession with the local talent in her adopted city. In this ...
On the Road with DJ Shadow Post #3 - Which Marketing Channels Are Working and Why
Michael Fiebach is the Project, Marketing and Merchandise Manager for DJ Shadow. As Michael and DJ Shadow have crossed North America on tour, Hypebot readers have been getting an exclusive look inside how they market and stay connected to fans. (Read Post #1 and Post #2) Ah. Another day off. I am in Durham, North Carolina, ...
Twitter and iTune's Ping Link for Music Discovery
Ping, iTunes' music social network, and Twitter have linked in ways that enhance and encourage the viral spread of music. Ping users now can link to their Twitter account and find other Ping users among those they already follow on Twitter. When the user posts, likes, reviews or tells why they purchased on Ping, it will ...
