Sony Music Sales Down 14.5% Last Quarter. (Billboard) Currency fluctuations including a stronger Yen contributed.
Rdio tunes in $17.5 million financing round (FMC) Industry vet Rob Cavallo has joined the Rdio board.
More Music Industry News & Commentary:
What the Citigroup takeover means for EMI – Nobody expects Citigroup to hold on to EMI, but its fate will affect artists and songwriters on the major label's roster. (Guardian) And then there's Guy Hands Two Terrible Mistakes.
Amos Lee's Mission Bell, debuted at #1 with just 40,500 sold, the lowest #1 in chart history, Iron and Wine was right behind Lee at #2 with 39,000 copies. (FMQB)
Amazon's Facebook Integration Is The Future Of Commerce (SAI) Think about this for music…
Downtown has inked a multi-year publishing administration and joint venture with LA's Check Your Pulse, the publishing arm of Pulse Recording.
Will the Music Industry Ever Learn From Its Mistakes? (Gigom)