New Music Business Briefing: Def Jams Cuts, Live Nation Reports, SnoCap Goes Live @ & More
>>> JOB LOSSES CONTINUE: Rumors have Def Jam cutting 40 staffers this week. (Jossip) Is Jay-Z suffering? Find out @ Mollygood…WEA’s distribution arm is cutting 70 staffers who dealt with brick and mortar retailers.
>>> Live Nation hosts a conference call to discuss its 1st Q ’07 financial results today at 5:00 p.m. EDT. To participate call 888-802-8579 or 973-633-6740 ten minutes prior to the start and reference passcode 8745238. Is is also be available via webcast at the Investor Relations section of www.livenation.com under "About Us." where a replay will also be available for 30 days.
>>> Thanks to Rob for making something I wrote on Hypebot his Industry Quote Of The Week over at his Quiet Revolution blog:
"I’m sure we should care, but it seems like almost all of what is interesting and effective is coming from indies and startups." – from EMI Gets More Suitors. Microsoft Wants Yahoo!
>>> Last.FM is adding video to its musical mix.
>>> Snocap has launched a smart new LIVE@ series recorded at their SF HQ and sold via their MySpace widgets. It’s a great showcase for a great product although the cut they take from acts selling via MySpace has been criticized.
>>> USA Network and Yahoo have launched a partnership to identify and promote promising unsigned acts. Industry vet Spender Proffer is overseeing the project. (press release)
>>> Goombah and Napster are launching an ad supported full song recommendation/preview stream based on personal preferences. (press release)
