Music Biz News: News Corp To Dump MySpace, Sony Falls, Rdio Grabs $17.5M, Amos Lee #1 & More

  • News Corp Says It’s (Really, Really) Ready To Sell MySpace (Mashable) Not a real surpise, but its rare that a company is so vocal in their disdain. And then there's: MySpace Begging Users To Come Back
  • 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.

Hypebot Favicon 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
  • Single Track Downloads Dominate. (PCWorld)
  • Crowdfunding: raising money from strangers. (Indie
  • Music Video Made on Microsoft Kinect Is Ghostly and Lovely. (Mashable)
  • UK Music Lobbyist Says Rethinking Fair Use Is 'Intellectual Masturbation' (Techdirt)

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