Music Biz News: 3 Cloud Music Launches Near, WMG Bids, Nguyen Exits Apple, MySpace Sale & More
Music's race to the cloud is heating says the Financial Times. Google hoped to launch a download store next month, but has not completed the deals; and wants to add cloud music locker if labels give consent. Apple is planning a summer launch limited to cloud backup of tracks bought on iTunes. Meanwhile, Spotify is close, but no one knows how close. Sadly, none of this is game changing.
Yesterday was the deadline to submit bids to purchase the Warner Music Group. No word on who stepped up, but rumors range from BMG to Russian billionaires; and there's buzz that Bronfman & Co are pushing sale of publishing harder than the record division.
Lala Founder Bill Nguyen, No Longer At Apple, Working On Next Project (SAI)
News Corp begins process of selling MySpace. (Reuters)
Musician Sues Summit Entertainment For Taking Down His Song In Twilight Dispute. (Techdirt)
Music services express frustration at Apple's subscription power play. (Evolver.fm) I'm betting this get worked out. Not because Steve Jobs cares, but because consumers and rightsholders do.