New Music Business Briefing: $3M For Project Playlist, More Amazon News, Last.FM Campaigns For Better Music & More

>>> Global Grind opens online hip hop community. Backers include Russell Simmons.

>>> Project Playlist which enables users to share playlist on social networking sites raises $3 million in venture capital. I love the idea, but am still not sure what the revenue model is.

>>> Kudos continue for the new Amazon download store (Newsfactor) Read Hypebot’sAmazon roundup of what’s being said around the web here.

>>> Some mp3’s sold by Amazon contain watermarks applied by labels that show where the track was purchased. (Listening PostThese are the harmless kind of watermarks that contain no personal info.

>>> Perhaps HD radio is finally gaining traction. Ford says it will offer HD as an option in most 2008 models. (press release)

>>> Last.FM launches a Campaign For Better Music with the "Now Form A Band" blog for D.I.Y. musicians. "… It doesn’t have to be like the old days. We’re going to show you how to produce, promote and distribute your music, without spending a load of money, and without lots of other people getting involved."  Maybe they could do a version aimed at getting better music from the major labels?

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