New Music Business Briefing – iTunes Credits Albums, Napster Settlement Tag $100M & More
>>> In a effort to boost complete album sales and calm label concerns that individual track sales are hurting profit margins, a new iTunes feature gives credits for tracks bought on future album purchase.
>>> The NY Post chronicled how its battered strike price is hurting WMG quest for EMI.
>>> A new Criterion study confirmed what most already know, an XM and Sirius merger does create a monopoly.
>>> Reports emerge that the Napster settlement with EMI cost BMG $100 million.
>>> Live Nation is going to start using the Filmore name in at least three other cities – NYC, Philly and Detroit
>>> Last week’s attempt by bloggers to make an indie band #1 on iTunes fell short, but it did have an impact:
>>> Black Lab’s "Mine Again" reached #11 on the US Rock Chart.
>>> #99 in the overall Top 100 Songs Chart.
>>> Only charted track without any label support