WMG Invests $20M In LaLa’s 10 Cent Song Streams
Warner Music Group has invested $20 million in an experiment by LaLa.com to offer 10 cent song streams from all four major labels. The label group also agreed to advertise. Continue reading
Can The Music Industry Save Itself ? – Parts 3 & 4
PART III – 3. BUILD LABEL BRANDS, 4. CHASE THE NICHES PREVIOUSLY: Introduction, Parts 1 & 2 – 1. Off With Their Heads, 2. Cut The Fat The music industry. Continue reading
Is Sony BMG Hurting The Music Industry?
COMMENTARY: When Amazon launched an all mp3 download store, it seemed as if DRM was finally dead. But now things seem stalled. Napster just joined Amazon selling only mp3’s. Wal-Mart. Continue reading
Brian Wilson Returns To Capitol/EMI
They’ve lost Radiohead and maybe The Rolling Stones, but they found a Beach Boy. Brian Wilson will return to Capitol Records/EMI, his original label home, for the release of a. Continue reading
Can The Music Industry Save Itself? – Introduction
INTRODUCTION AND A UK ACTION PLAN Next: Off With Their Heads Last week we listed the Top 10 Issues Facing Music 2.0 which started a debate both on Hypebot and. Continue reading
EMI Winces As Banks Set New 3 Month Goals
EMI will miss a $292M earnings target promised to its largest investor Citi by $33M in June according to inside reports published by the Telegraph UK. Now EMI must hit. Continue reading
Music 1.0 Score Card
Record Label Market Share 2007 – Universal 28.8% (up from 25.7 in 2006) Sony BMG 20.1% Warner 14.4% EMI 10.9%. The value of physical and digital recorded music sales fell. Continue reading
Axe Yields Sony BMG Profits. Are Cuts The Only Way Forward?
IS CUTTING COSTS ENOUGH? Sales at SonyBMG dropped almost 4% in the fiscal year that ended March 31st, but before tax profits nearly doubled rising from $135 million to $257. Continue reading
UMG Ramps Up Bravado Merch.
As part of an ongoing effort to diversify beyond recorded music sales, UMG has promoted Tom Bennett to global Chief Executive Officer of Bravado, its global merchandising division. Bennett had. Continue reading
WMG Loss Widens, Cancels Dividends
Warner Music Group representatives had a difficult time sounding optimistic this morning as the reported quarterly earnings: A loss of $28 million or $.23 per diluted share increased from a. Continue reading
