WMG’s Bronfman Questioned For Insider Trading
Warner CEO Edgar Bronfman Jr was questioned for more than 10 hours by a Paris court last Thursday regarding alleged insider trading at Vivendi Universal in 2002. Bronfman who in. Continue reading
Universal Threatens iTunes Exit
According to reports this weekend, Universal will not renew its contract with iTunes and instead will offer songs "at will" allowing the label group to be selective about what it. Continue reading
EMI And SNOCAP Enable Sale Of DRM Free Tracks Across Viral Platforms
EMI has reached an agreement with SNOCAP to enable purchase of DRM-free higher-quality MP3s by EMI artists through artist websites, social networking pages and fan blogs. EMI will also place. Continue reading
Edgar Says WMG’s Sales Decline Is A Good Thing…
"This decline is steeper than we expected, but in some ways it means we’ll get to the bottom faster, and after that there’s growth," WMG head Edgar Bronfman said during. Continue reading
EMI May Still Be In Play
"…a source close to Warner Music Group said that as of late yesterday afternoon the rival music company was still debating whether to trump Terra Firma’s offer or wait until. Continue reading
Majors Steal Indie Moneymaker And Get It Wrong Again
Forbes online takes a interesting look at how several major labels are creating new imprints to release new CD’s by classic artists. (Forbes) Indies like Koch have been making money. Continue reading
EU Reopens Sony BMG Review
The EU Commission charged with reviewing the Sony BMG merger says it has gotten the materials requested and this is reopening the review process. It set an Oct 10th deadline. Continue reading
iTunes Has Surpassed Amazon As #3 Music Retailer In U.S.
Click on image to enlarge. Reaching #3 is quite a milestone for iTunes particularly since a year ago the download store was #5 behind target. And fr many indie labels. Continue reading
WMG Stock Slumps. Rykodisc & Cordless Consolidate. Is Reprise Next?
Earlier this week Warner Music Group’s stock hit new lows and more staffers were let go. Today comes news that the label group is combining its Rykodisc label and Cordless. Continue reading
Universal’s Sanctuary Bid Details And Motives Emerge
It turns out that Universal’s reported $88 million bid for Sanctuary was really a $205 million bid when assumption of debt is factored in. But that didn’t keep Universal Music. Continue reading
