EMI Stock Up After Profit Warning And New Anti-Takeover Plan
EMI stock rose 8% yesterday on the London Exchange after reporting profits of $349 million exceeding analysts expectations. At the same time the company forecast that despite impressive 59% gains. Continue reading
Amazon Explores Niches With Specialty Music Stores – “Go Indie” Opens
Amazon is making it easier for its customers discover new music with an increasing number of specialty mini-sites that offer discount pricing and group releases in interesting ways. Examples include. Continue reading
New Business Briefing: MTV Shifts, Clear Channel Settles, Sansa Shakes & More
>>> MTV is reshaping itself as channel aimed straight at multi-tasking teens adding more shows with user generated content and online and cell based participation.(LA Times) Is the "people" control. Continue reading
Hip Hop Business News From ProHipHop
>>> In the wake of the Imus disaster, talk turns to hip hop and even Oprah’s getting in on the action as hip hop’s money men seek damage control. UC’s. Continue reading
It’s Official: CD Sales Down 13% In ’06
We really didn’t need a study to tell us that business sucks. But just in case, the RIAA’s recent year end report shows overall 2006 CD sales down 13% –. Continue reading
New Music Business Briefing: You Tube Gets Filters, Universal Gets BMG, Limewire Gets Music Store, Johnny Legend Says “Get Marketing” & More
>>> Google CEO says YouTube will begin filtering content soon. But some think the system wont work (PC Magazine) and we think the it could kill the service’s popularity. >>>. Continue reading
eMusic Adds Subscribers & Labels. But Will Growth Continue?
In a press release this morning, eMusic announced that its subscriber base had topped 300,000 and global catalog had reached 2.5 million tracks. (A full list of new labels and. Continue reading
New Music Business Briefing: Net Broadcasters Denied, NIN Arrives, Amazon Gets Ready & More
>>> Yesterday the Copyright Royalty Board rejected appeals from internet broadcasters to review new higher royalty rates that many feel would force most stations off the air. Broadcasters and some. Continue reading
CRB Denies Appeal. Net Broadcasters Unite To Fight Back.
UPDATED – In a major blow to internet radio, the Copyright Royalty Board (CRB) yesterday denied motions for a rehearing of their March 1, 2007 decision setting much higher performance. Continue reading
