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
WMG Stock Falls After Downgrade
Warner Music Group stock fell 11% yesterday after a Golman Sachs analyst downgraded the stock from Neutral to Sell. Ingrid Chung said WMG will find it difficult to manage costs. Continue reading
Music Social Net Kerchoonz Gets $490K
Social.fm just shut down and the competition is fierce, but the Scottish Co-investment Fund has made a $490,000 bet on new UK-based music social networking site Kerchoonz. Scheduled for September. Continue reading
New Study: Don’t Forget The Lyrics
A new UK study claims that the public is "struggling to fully appreciate music" because they can’t access accurate lyrics. 90% of respondents feel that reading lyrics helped them gain. Continue reading
Orchard Adds Sony/ATV Masters
Deal Excludes North America The Orchard has secured the marketing and digital distribution rights to Sony/ATV Music Publishing owned recordings outside of North America. The deal was made with Sony/ATV. Continue reading
Tuesday’s Music Briefing: Friendster, Cassettes, RIAA Mistrial & More
HYPEBOT FEATURES: The Orchard Adds Sony/ATV Masters New Study: Don’t Forget The Lyrics Music Social Network Kerchoonz.com Gets $490K EMI Retreats From China & Most Of Asia 5 Unlikely Music. Continue reading
EMI Retreats From China & Asia
From our friend Math’s at Music 2.0: EMI has sold off their Greater China operations and though we don’t have the full details, it has also divested its interests in. Continue reading
5 Unlikely Music Industry Heroes
These five men don’t follow the unwritten rules of how the music industry (or any industry) is "supposed to" run and because of that they’re helping to change it. 1). Continue reading
eMusic Tops 4 Million Tracks
eMusic says its worldwide music catalog has now exceeded four million track from more than 40,000 record labels with the majority available worldwide. Recent additions include reissue label Ace Records,. Continue reading
