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Friday’s News Brief: The Orchard, Long Tails, MySpace $s, Ticketmaster, Slacker $10M & More

HYPEBOT FEATURES: The Orchards Reports 16.5% Revenue Increase Despite Tough Marketplace Music Adds $61 Million to $1 Billion Sony Loss Is The Tail Really Long? New Study Says P2P Primarily. Continue reading [https://www.hypebot.com/hypebot/2009/05/fridays-news-brief-the-orchard-long-tails-myspace-s-

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HYPEBOT FEATURES:

MORE MUSIC INDUSTRY NEWS:

  • Myspace_music logo 24 Million Downloads: Can Vitaminwater Help MySpace Music Make Money? (Ad Age)
  • Analysis: Ticketmaster Surviving Without Live Nation But Other Issues Remain (Billboard)
  • Slacker has raised another $10 million in funding. (paidContent)
  • Sony Legacy Recordings launches a new major digital reissue initiative. (press release)
  • Clear Channel Radio has opened New York City’s newest  live music venue: The P.C. Richard & Son Theater. This 5,500 square-foot space will serve as the live performance home for Clear Channel Radio’s New York stations: WHTZ (Z100), WAXQ (Q104.3), WLTW (106.7 Lite-fm), WWPR (Power 105.1) and WKTU – as well as the East Coast home for CCR's iheartradio original productions, including the company’s "stripped" and "NEW!" performances. (FMQB)
  • Seattle Clubs Could Finally See Long-Promised Tax Break. (The Stranger)
  • One view of the Performance Rights Act from Peter Kafka @ MediaMemo: Surprise! Congress Helps the Britney Bailout Move Ahead