Thursday’s Music 2.0 Briefing: Yahoo MP3, WMG vs. Seeqpod, Sat. Radio Rumor & More
> Yahoo is in discussions with all four majors over offering unprotected MP3s either for sale or for in a free ad-supported service. (AP) These moves are clouded by the pending layoffs at Yahoo which are expected to effect more than a thousand workers as early as next week.
> Apple stock fell another 10.65% yesterday, its second double digit drop in a row, over news of slowing growth.
> Profits jumped 18% last quarter at Qualcomm whose chips power many music centered cells. (AP)
> WMG has filed a lawsuit against mp3 search engine Seeqpod. (NY Post)
> XM and Sirius stock rose on rumors that FCC approval of their merger will come soon. (TheStreet)
> Rhino.tv launched with 2k imbedded music vids and lots of content. It was designed to promote UK releases but could easily be expanded to become a classic rock destination.
> Winners in the 35th Annual Village Voice Critics Poll here.
> WORTHY CLICK: Cloudspeakers aggregates indie rock content from across the web with a unique flare.
RE: Yahoo. Sale, I could see. Free, I don’t know about. Considering UMG is the only one on the ad supported download bandwagon, and those have tons of DRM (Playsforsure? Not on an iPod) I just don’t see folks jumping on that yet.