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Realnetworks Post-Rhapsody Reports Small Profit from Lower Revenues
Q1 revenue fell 9% to $128.6M from $140.8M in the previous year quarter Net income of $3.2M or 5 cents a share vs. a net loss of $12.M or 10 cents a share last year Q1 numbers a $10.9M restructuring gain when it spun off Rhapsody and a one time $2.6M ...
Napster Goes Social with Facebook, Twitter and More
Best Buy owned Napster has added social features to its paid subscription and download music service. Facebook, Twitter, YouTube and Flickr are all integrated to facilitate easy music sharing with friends. Napster uses can also enjoying more social media content like Flickr photos and YouTube videos while they listen. Napster has also added Facebook Instant Personalization ...
Bob Baker: Giving Music Consumers These 3 Choices Leads to More Revenue
This guest post comes from Bob Baker of TheBuzzFactor, author of the “Guerrilla Music Marketing Handbook," Berkleemusic's “Music Marketing 101“ course, and many other books and music promotion resources. Are you pulling your hair out trying to figure out how to make money selling single digital downloads and albums, while also wondering where physical CDs fit ...
Apple's iPads VIP Shares Your iTunes Purchase Data with Other Marketers
When Apple announced its new iAds mobile advertising network for the iPhone and iPad ,Steve Jobs promised features that “cannot be duplicated" by any competitor. It turns out that one of those unique features is your iTunes purchase data. An emailed sales pitch from a sales rep from Quattro (a mobile ad network recently purchased by ...
Nielson Offers More Proof of MySpace Decline, as Facebook and Twitter Soar
Compared to user activity on social networking sites last year, Facebook and Twitter posted gains of 69% and 45% respectively in the U.S. Globally, the total minutes spent on social networks monthly saw a more than 100% gain over the same time last year, driving the average time per person spent on social networks to over ...
ASCAP 2009 Revenues Jump $176m To $995m
ASCAP reported that in 2009 collections rose to $995 million for its 380,000 members paying out more than $863 million. That's up from $819 million in 2008 and $741 in 2007. Foreign revenue grew to nearly $302 million. “Music is performed more often, in more places, in more ways by more businesses than ever before. That ...
WMG Offers Mixed Financial Report, Digital Sales Up
In a report to investors this morning, Warner Music Group showed a loss for the quarter ending March 31st of $25 million or 17 cents a share. That's down significantly from the $68 million or 45 cents a share loss in the same quarter last year. Overall revenue fell 1.3% to $662 million with rising digital ...
Bruce Warila: Every Major Artist is Failing as an Independent Media Channel and What to Do About It
This guest post from music tech entrepreneur and philosopher Bruce Warila (@brucewarila) is excerpted from a piece on the informative Music Think Tank blog. With minimal exceptions (taylorswift.com at #14,077), there are 20,000 websites that rank ahead of almost every artist website on earth. Why is it that sites like underjams.com, mudcat.org, museum.tv and ...
MusikPitch Responds to Complaints, Revises Terms
MusikPitch, which facilitates custom song commissions for film, TV and individuals, launched last week to a mini-storm of controversy over terms which required the writers of chosen songs to transfer ownership to the startup. One Hypebot reader called the terms and conditions, “blatantly predatory, preying on emerging artists". To their credit, MusikPitch responded ...
Quick Interview with We7 CEO Steve Purdham
On The Future Of we7 & Ad Supported Music Last week UK music streaming service we7 announced the first month where its on demand music was paid for in full by advertising. It was a milestone for BOTH We7 and for ad supported music which has struggled to find ad funded modes that are both profitable ...
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