Thursday’s Music 2.0 Briefing: Credit Crunch Hurts EMI And WMG, NIN Remix Back, Big Net Radio In Trouble & Much More
>>> Turmoil in the credit markets is hampering plans by EMI and Warner Music to issue billions of dollars in debt
backed by revenue from their publishing catalogs. (Reuters)
>>> EMI is threatening to pull its $25 million a year funding of the RIAA. (ars) Maybe there plan is to hire their own consultant to make consumers hate EMI specifically instead of just major labels in general.
>>> Interscope may have gotten cold feet and pulled its Nine Inch Nails remix site but Tent Reznor has countered with his own re-mix site. (remix.nin.com) It’s in beta and best viewed in Firefox.
>>> Pirate Bay cancel OiNK replacement BOiNK but will delve deeper into music with a new section. (ZeroPaid)
>>> Yahoo! and AOL may silence their online radio stations because of hire rates and have already stopped promoting the streams. (FMQB)
>>> One journalist rates some of the top download sites. (Relish)