EMI struggles to survive: The major label group reported a $2.4B loss and now faces a $160M laon payment to Citi. The problem started when Terra Firrm paid too much for EMI.
- A new format? Warner Nashville tries cutting the album in half.
- The New Music Seminar LA a sellout and a big success. Daniel Ek of Spotify keynoted and shared efforts to launch in the US. Expert panelists shared lots of practical information.
- Facebook denied more rumors that it is planning a music service.
- MySpace's Owen Van Natta talks about iLike and his 8 Months as CEO.
- Indie hip hop label Difinitive Jux has gone on hiatus.
- NYC rock/rappers Shinobi Ninja engage fans with a new GPS enabled mobile game.
- eMusic gets more social via Facebook Connect.
- Live Nation pays $6.5 million in post merger bonuses.
- Ustream scores $75 million from Japan's Softbank.
- Share you're favorite song about the music industry.
- Video: Terry McBride on "The Emotional Power Of Music".
REWIND: The Music Industry’s Week In Review
EMI struggles to survive: The major label group reported a $2.4B loss and now faces a $160M laon payment to Citi. The problem started when Terra Firrm paid too much. Continue reading [https://www.hypebot.com/hypebot/2010/02/rewind-the-music-industrys-week-in-review-20.html]
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