Hypebot’s New Music Business Briefing For January 31st, 2007
>>> Sony BMG has settled with the Federal Trade Commission after lasy year’s rootkit debacle. (PC World)
>>> Apple adds colors to the iPod line.(press release) And still none quite match the colorof Steve Job’s eyes…
>>> We dispute a few of their "facts", but Billboard and other old school media outlets are confirming our exclusive story last week that some larger indies are filing suit against YouTube.
>>> SonyBMG’s sales figures slipped 1.6% to $1.4 billion for the quarter ending Dec. 31. Net income for the period increased 26% to $225 million. They blalmed the slide on "greater contraction in physical compact disc sales than growth in digital download sales in many markets". Income for the label was up by 10.3 % due to "lower overhead and restructuring costs." (FMQB)