Friday’s Music 2.0 Briefing: Chrysalis, Touring, Sony BMG’s “Agency” & More
> Chrysalis struggles to get back on track after pulling an offer to sell. (FT)
> Touring acts are learning the power of online announcements, blogs, videos and even concerts. (AP)
> ArtistDirect reports a major drop in income and loss for the quarter. (SEC filing)
> Three Napster shareholders want seats on the board to implement their own turnaround plan. (AlleyInsider)
> I have to admit that I missed this story earlier this week. Sony BMG has been slowest major to roll out DRM free other than with Amazon and Napster. Now we know why. The second largest major label group insists on selling mp3’s using the agency or commission model. "Sony BMG is actually the seller and sets all retail prices on its content while Amazon acts as Sony BMG’s agent and gets a commission on the sale," Billboard reports.
> "MT9, a new-generation digital-music file that allows people to tweak the mixes of each element in a particular piece of music." (Idolator)
NEXT WEEK ON HYPEBOT:
- More in our "Can The Music Industry Save Itself?" series
- A look at the innovations that are turning Nimbit into an artist services powerhouse
- Our take on Sony BMG’s agency model
Have a great holiday weekend.