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Music 2.0 Week In Review: Capital Layoffs, Nokia Denies Payments, Starbucks Cuts Music & Much More

Capital_records
> There were major layoffs at Capital and Virgin Records, but Greg Thompson was promoted to EVP of a combined promo staff

> Nokia denies making high payments to labels for "Comes With Music". Sony BMG says they’ll sign on anyway. I still want to know how the acts get paid.

> The slow economy is beginning to effect entertainment spending

> Starbucks is pushing music to the back burner

> Only 42% of music consumed in US is paid forMicrosoft

> Microsoft says it will stop supporting license keys for songs bought at its own former MSN Music. Bad move.

> Will music become a "modest niche business"?

> Music magazine ad revenue dropped 28% last quarter

> An Op-Ed from Jon Webster of the Music Managers Forum in support of the UK iPod tax

> MySpace has launched 1000 outside applications for use on personal pages

> Looking back at a big month of deals and changes in the new music industryLivenation221205

> Concert giant Live Nation plans an ambitious slate of summer contests despite a slowing economy

> Sonific’s Songspot has shut down blaming major labels.

IN BRIEF: SXSW sets ’09 dates, eMusic added more classical, EMI Pub promoted two execs, Sony bought Gracenote, Fontana to distribute Pulse, Andy Kingston now EVP Sonicbids, SprialFrog hired Russ Geiger as VP

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