The Week’s Top Music Industry News: Indies on MySpace, Imeem Buys Snocap, Video On Net & Much More
> Problems lie ahead for digital music distributors as labels demand lower fees and more services.
> A letter to labels from The Orchard’s CEO leaked to Hypebot showed concern for how the new MySpace Music will treat indie record labels and artists. A Hypebot commentary shed additional light on the issue.
> Music based social networker imeem bought Snocap.
> Last.fm says full song streams sell music.
> Island Def Jam and TAG men’s body spray have formed a new hip-hop record label, TAG Records to be led Jermaine Dupri.
> Coverage of two video sites run by indie music blogs that launched this week: Pitchfork.tv and Videogum. Vote on which one you think will be the most popular.
> Virgin Megastore sales are up a surprising 11.5%.
> Zune has cut deals with several major Latin American music sites.
> Wikipedia beats MySpace as the top go to place for band and music info.
> Music contest site OurStage.com has partnered with some of America’s largest music festivals.
> A new study says only 40% of music will be sold via downloads by 2012.
> Overlay.tv asked Hypebot readers to comment on their video tagging service and tell them how it can be used by the music industry.
> An interview with the head of Penny Distribution.
> The first Digital NARM Conference is taking shape.
> User awareness of iTunes is up and MySoace is down.
> HELP WANTED: Megaforce is looking for a marketing and digital coordinator and ArtistExcite seeks a marketing and business development staffer.
