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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. 

Hypebot Favicon More News:

  • 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.
  • Smoke on the Water, Part 1: Accounting for The Cloud. (MusicTechPolicy
  • Singles Might Save the Music Industry. (WSJ)
  • New music service takes up the Spotify gauntlet. (Local) and WiMP – Scandinavia's new Spotify competitor opens for all in Sweden (press release)

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