IMPALA Rejects Member Requests For Details Of WMG Deal
In a rather cryptic press release indie label trade group IMPALA announced that it won’t announce any more details of its controversial deal to support a possible purchase or merger. Continue reading
EMI Rejects $4.1 Billion WMG Bid
EMI has rejected a $4.1 Billion "non-binding" cash offer from The Warner Music Group and now it appears WMG will take its time before making another offer opting to take. Continue reading
Trans World Stores Report Bad Year
Trans World Entertainment last week reported financial results for its fourth quarter and fiscal year 2 006 and despite cost cutting and store closures the picture wasn’t pretty. The company. Continue reading
Net Radio In Danger As Royalty Rates Jump
It’s a sad day for fans of music on the internet and the creative broadcasters who program it. Internet broadcasters already pay higher overall royalties than over-the-air broadcasters do, but. Continue reading
A MUSIC LOVER’S BILL OF RIGHTS
"We are sorry and embarrassed. But most of all, we are deeply sorry." So began an email that I received last week. (full letter after the jump) It wasn’t from. Continue reading
Wall St. Hears Live Nation Strategy & Numbers
Late yesterday concert giant Live Nation reported it’s 2006 numbers to Wall St. The company reported 2006 revenues of $3,691.6 million an increase of $754.7 million or 25.7% over 2005.. Continue reading
Hypebot’s New Music Business Week In Review
>>> KOCH, North America’s largest indie distributor and label, is getting a new owner. >>> Europe’s largest dance music label Ministry Of Sound is protesting trade group Impala’s decision to. Continue reading
EU Opens Formal Sony BMG Probe
As expected, European regulators opened a formal probe today into Sony and BMG’s 2004 deal to merge their music units. EU officials say they need to thoroughly analyze the deal. Continue reading
Download Prices Could Jump As ASCAP Demands Royalty Double Dip
The Digital Media Association representing providers like Yahoo! and Napster has submitted a ‘friend of the court’ brief opposing ASCAP’s claim that music downloads are ‘public performances’ and subject to. Continue reading
Weekly Hip Hop Business News From ProHipHop
Hip hop magazine The Source is losing employees and seems to be headed for further problems. A New York/Long Island Honda dealers promo featuring animated rapping Presidents takes off with. Continue reading
