41% Music Decline Helps Sony Profits Fall 95%
Sony posted a whopping 95% decrease in profits last quarter compared to the same quarter last year. Gaming was was the biggest disappointment down 97%, but music did its part. Continue reading
Layoffs At Universal’s Interscope
A variety of sources are reporting substantial layoffs at UMG's Interscope Geffen A&M label group across several departments. Specifically identified were marketing executives Robbie Snow and Paul Orescan, along with. Continue reading
Virgin Media ISP Pulls Radical Plan For Legal P2P
The buzz last week at Midemnet was that legal P2P was just around the corner. Some believe that licensing downloads at the ISP level and thus monetizing a currently illegal. Continue reading
WMG YouTube Ban Spawns Protest Videos
Warner Music Groups’ dispute with YouTube has spawned a growing group of angry homemade protests. The riff has led to the forced removal of thousands of videos by the label. Continue reading
Sony BMG Google Ads Helped Support Major BitTorrent Site Isohunt
Google delivered ads for Sony BMG and other legal music companies have been helping to keep the lights on at the world's third largest BitTorrent site isoHunt. Whlle Google has. Continue reading
EMI’s New Music Services Unit Takes Shape
EMI has made a number of key appointments to its new Music Services’ division. Merchandising and packaged goods veteran Peter Palmer will lead EMI’s global Merchandising group. Dominic Pandiscia will. Continue reading
Labels Force Content Off YouTube And MySpace
DEVELOPING STORIES: UPDATED: Over what should have been a slow pre-holiday weekend two stories broke that again put the major labels at odds with several major Music 2.0 companies. Here. Continue reading
Warner Music Pulls All Content From YouTube
Unable to renegotiate the share of ad revenue it sought, Warner Music Group has pulled all of its content from YouTube. Affected are thousands of songs and artists from WMG’s. Continue reading
YouTube Turning Into Major Label Revenue Stream
Recent surveys have shown YouTube’s growing influence as a place for music discovery, but now its becoming a significant source of revenue as well. No one is releasing hard numbers,. Continue reading