NEWS BRIEF: EMI + UMG Senate Hearing, Streaming Chart, Kickstarter Bug, Coachella, Yahoo & More
(UPDATED) A U.S. Senate panel will hold a hearing on Universal Music Group's proposed acquisition of rival EMI Music, adding another step to a lengthy regulatory review of the $1.9 billion deal. (WSJ) No date has been set.
- Streamed music chart has short long tail, more Rihanna than Rita. (paidContent)
- Kickstarter Bug Compromised 70,000 Unlaunched Projects (Mashable)
- Ben Fold on his PledgeMusic campaign: "We don't know what the fuck we're doing".
- Coachella's multiple 2013 weekends expected to be unveiled today. (LA Times)
MORE:
- Freddie Mercury to perform live, but not like Tupac (DMW)
- The Long Tail Will East Itself: Covers and Tributes Make Up 90% of Digital Music Service Catalogs (Mark Mulligan)
- Yahoo boots Thompson, names Ross Levinsohn interim CEO (CNet) A resume error brought down CEO Scott Thompson and four Yahoo directors. A settlement with investor Daniel Loeb puts him and two allies on the board.
- R.I.P. – Donald 'Duck' Dunn, bassist With Booker T. and the MGs along with many Stax releasses leaves us at age 70.
Just a correction from the 2nd bullet point….
Ben Folds Five is running a PledgeMusic campaign, not Kickstarter: http://www.pledgemusic.com/projects/benfoldsfive