Friday’s Music Briefing: XM/Siruis Stocks Tank, Live Nation Drama & More
HYPEBOT FEATURES:
- Amensty Int’l calls on acts to celebrate the 60th Anniversary of the Decleration Of Human Rights on Dec. 10th.
- US roylaty rate negotiations are finally getting somewhere
- iTunes soars past 5 billion downloads
- Qtrax has another rocky re-launch
- POLL: The MySpace Re-Design
- New stats on social networking users
> XM and Sirius stock took a dive after one analyst predicted hard times ahead even after the satellite merger as new subscriber growth slows and competition increases. (Fortune). When universal WiFi/WiMax and thus net radio ubiquitous, satellite radio is toast.
> Girl Talk releases their new album Radiohead "pay what you want" style. $10 gets you the CD. (Illegal Art)
> Live Nation Chairmen Michael Cohl is reportedly negotiating an exit over strategy and his expensive 360 deals. (FT)
> Members of Poison are suing Capital/EMI saying they consistently underpaid them throughout their career. (AP) I guess the hair spray sponsorship ran out…
> A leak of 9 unfinished track from Guns & Roses "Chinese Democracy" is causing a stir across the net. Here’s where is started: Antiquiet.
STAY TUNED: Don’t forget that Hypebot now posts throughout the day as industry news breaks. Check back often and send us your news tips and rumors.
In a side note regarding the Girl Talk release, if you actually put in 0.00, it comes up with a page asking why. Choices include “I don’t value music,” “I’m a member of the press…”, and “I may donate later.”