New Music Business Briefing For 2/20/07: WMG Wants EMI, Sirius Buys XM, Sony BMG Layoffs Loom & Much More
Yesterday may have been a holiday for some, but there was still plenty of major new music business news: >>> A struggling EMI is being approached by WMG again about. Continue reading
EMI Music Division Appears For Sale
EMI could sell or spinn off its recorded music division as part of a radical overhaul, according to reports from the UK in an effort to reverse falling profits. The. Continue reading
Do We Really Care About The Fans?
Despite the mind numbing idiocy of labels suing fans for downloading a few songs, the fan/artist relationship has been the music industry’s mantra for the last few years. How do. Continue reading
Can the Major Labels Save Themselves?
The value of Warner Music Group stock has fallen almost 20% this week trading at the end of Thursday at $18.12 on weak earnings forecasts and an increasingly gloomy sales. Continue reading
Can Mobile Save Warner Music?
At the international mobile confab 3GSM in Spain yesterday Warner Music Gro up announced several new deals with leading mobile operators to deliver WMG music across the Middle East, North. Continue reading
Misc. Hypebot Stuff
The RSS feed seems to be working again. Please let us know is you have any other problems with it. Vote in the DRM poll on the right re: "Which. Continue reading
Coalition of Independent Music Stores Top 200 for Week Ending 02-11-07
Pos. ARTIST | TITLE 1 GRIFFIN*PATTY|CHILDREN RUNNING 2 SHINS|WINCING THE NIGHT AWAY 3 BLOC PARTY|WEEKEND IN THE CITY 4 JONES*NORAH|NOT TOO LATE 5 FALL OUT BOY|INFINITY ON HIGH 6 BAYSIDE|WALKING. Continue reading
Majority Of European Music Industry Says Drop DRM It Won’t Hurt Revenues
Jupiter Research’s new European Music Executive Survey reveals that most Euro music industry execs (employees of major and indie labels, industry and rights groups, digital stores, and services providers) want. Continue reading
EMI Hits Another Sour Note
EMI shares dropped another 12% after it announced yesterday that sales January through March 31would drop 15% and earnings would miss analysts’ estimates. The company had already warned in January. Continue reading
RealNetworks 4thQ Profits Fall
RealNetworks reported a lower quarterly profit yesterday dues to sharply reduced income from a legal settlement with Microsoft and forecast full-year results below expectations. Fourth-quarter net income was $39.3 million. Continue reading
