The latest news from Cannes as the world's largest international music convention continues.
“The hottest thing at Midem this year is not a thing but an emotional shift. The shift in mindset amongst the attendees that digital models are there to be explored and nurtured and the shift in optimism that the music industry has a great opportunity to reinvent itself more along the lines of a service to the two people that matter most, the Artists and the Fans." - Steve Purdman, CEO WE7 @ MIDEM
- Thursday is the last day, so the action has shifted from announcements to serious networking and new deal making.
- The Financial Times calls the tone at this year's conference "restrained". (FT)
- But there's nothing restrained about Qtrax. Despite a failed launch continued to spend lavishly including a second party headlining LL Cool J.
- The Orchard and Chinese mobile provider ZTE made a deal to add Orchard tracks to its mobile music catalog. (press release)
- The full text of U2 manager Paul McGuinness' controversial speech at MIDEM.
- Our Midem updates from Monday and Tuesday
"My hope is that the fundamental economic model... if it catches fire, all types of music forms will exist. It will be a renaissance of creativity. And it should be a lot more fun." - Peter Gabriel @ MIDEM