New Music Business Briefing: WMG Stumbles, Facebook Gets Old, The YouTube Pile On & More
>>> Warner Music shares fell sharply again Monday to 52 week lows after a CitiGroup analyst downgraded the stock. The drop adds more doom and gloom to what is sure to be a difficult earnings report this morning. (Here’s how to listen to today’s 8:30 EST call as well as how to playback.)
>>> Lost in yesterday’s announcement that Amazon had invested in Aimee Street was that the new music dynamic pricing site was DRM free making it a good fit with the company’s pending DRM free download site. (TechWeb)
>>> An increasing number of 30 and 49 year olds are joining the 33 million usually younger members of Facebook. (BusinessWeek)
>>> More parties are jumpin on the YouTube copyright infringement class action lawsuit. (Reuters)
>>> Dell is buying mobile entertainment software company Zing. (PaidContent)
>>> Hollywood’s Paradigm will formally absorb the Little Big Man and Monterey agencies which it bought last year. (Billboard)
>>> Yasgur’s Farm, the original site of Woodstock, is for sale for a mere $8 Million. (press release via The Daily Swarm)
>>> Virgin Air will launch in US with lots of entertainment extras for passengers.
>>> Term you need to know: meme – an idea or product that propagates from one person or group to another like a gene propagates from one organism to another. (more)
