We7 To Add EMI To Ad Supported Service
We7 will add 400,000 tracks from EMI later this year for both on-demand ad funded streaming and paid MP3 downloads. EMI joins WMG and Sony BMG in signing on to. Continue reading
7digital Adds Universal MP3’s. Amazon Next?
UK based 7digital began selling music from Universal Music as 320K mp3’s today. It’s a first for Europe and appears that the site is offering both new product and deep. Continue reading
Jeff Kempler New EMI A&R COO
Jeff Kempler has been appointed to the newly created position of Chief Operating Officer, A&R Labels – North America, UK & Ireland at EMI Music. He will report to Nick. Continue reading
Majors Withdraw From IFPI Hong Kong
In a sudden announcement in Hong Kong yesterday, all four majors revealed that they were pulling out of the IFPI in Hong Kong and they will be setting up a. Continue reading
Another WMG Exec, Another 75K Shares
UPDATED CORRECTION: WMG’s Mark David was granted 75,000 additional stock options as part of his promotion to Executive Vice President, Human Resources and Chief Compliance Officer of the label group.. Continue reading
WMG’s Cohen Cashes In $6.8M, Stock Tanks
In part to pay for a $6.8 million "tear down" in the Hamptons, Warner Music Group senior executive Lyor Cohen has sold 800,000 shares of company stock at $8.45 for. Continue reading
Gatfield Names Steven Melrose EMI A&R VP
Nick Gatfield, EMI’s new President, A&R Labels, North America, UK & Ireland, continues to build his own team with the appointment of artist manager and A&R exec Steven Melrose as. Continue reading
WMG Cuts Loss To $9 Million
For the 3rd Q of 2008, domestic revenue for the Warner Music Group declined 6.5% while international was up 17.2%. When fluctuations in the value of the dollar were factored. Continue reading
Did Columbia Prank Hypebot’s Prank?
Just a few days after our prank placing a "Major Labels Are Obsolete" ad on ColumbiaRecords.com, eagle-eyed reader Scott Feldman noticed that Columbia had placed an ad below a follow-up. Continue reading
Sony Purchases Bertelsmann’s 50% Of Sony BMG
DEAL VALUED AT $1.2 – $1.3 BILLION UPDATED: Sony has agreed to acquire Bertelsmann’s 50% stake in Sony BMG and will rename it Sony Music Entertainment Inc. (SMEI). The deal. Continue reading