HYPEBOT FEATURES:
- Is Music 2.0 At A Crossroads? What do the troubles at Pandora and Muxtape mean?
- Muxtape Shut Down By RIAA
- A2IM Throws Support Behind Pandora
- Topspin Delivers Byrne Eno Exclusive Album
UPDATED:
> Digital distributor The Orchard is adding physical distribution not only for newly acquired TVT but also as an option for its affiliated labels. Caroline exec Michael Bull has been tapped to serve as GM. (Billboard) I can't decide of this is an acknowledgment that profits in digital distribution are too slim, a smart diversification move or a destined to be a revenue drain. What do you think?
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MONEY IN MUSIC
- A look at shrinking salaries for label execs. (NY Post) With rising losses I'm not sure they are shrinking fast enough.
- But that didn't stop one RIAA exec from raking in $1.5 million. (DMN)
- And 50 Cent grossed $150 million last year from a a variety of offshoots and investments. (Forbes)
> UK music destination Drowned In Sound is severing ties with BSkyB and refocusing as a music community site.
> After tens of thousands of dollars in legal fees the RIAA has settled a 3 year old lawsuit against a Kazaa user for $6050. (ars)
