A report claims Warner Music has a new plan for its business - and it’s quite a practical viewpoint the company is reportedly adopting - it’s moving to become an international music marketing company.
To quote the Bangkok Post: “After struggling for several years, Warner Music Thailand has introduced a new business model to cope with the plummeting sales of its physical products, but the company describes the model as only the first step in finding a definitive response to its business challenges.
Posted by Jonny on October 9th, 2008 under Apple, News
iTunes remains the most well-known digital music brand, while pursued by Rhapsody and Amazon, though MySpace and Last.fm seem surprisingly less well-known, and the mindshare of Napster, Wal-Mart and Yahoo continues to decline.
Posted by Jonny on October 3rd, 2008 under Apple, News
We7 CEO and co-founder Steve Purdham is over the moon at achieving a BT Digital Music Award, but warns that the industry remains under threat - even at this stage in its evolution.
“The digital world is about to go through another upheaval with 1 billion streams on MySpace Music, We7 Launching in November and Apple threatening to pull the plug,” he said, speaking to Distorted Loop just in advance of the revelation of the royalty deal for publishing in the US announced last night.
Despite the hubbub of activity, Purdham thinks there’s still significant challenges to the development of the digital music industry.
“All of this activity shows two things, first the demand for digital music is outstanding and if allowed to flourish will build a very healthy business for artists, labels and fans alike,” he said, warning, “but at the same time the fundamental economics of the industry are still trying to kill off the opportunity rather that allowing it to grow.” Read the rest of this entry »
Second Life co-founder, Cory Ondrejka, is now EMI Music’s senior vice president of Digital Strategy. Here’s his rather fascinating keynote speech delivered last night at Digital Music Forum West in Hollywood. His key message to the industry: “Underestimate niche at your peril.”
(To quote Peter Jenner, who told me once that the future of the industry is that of a vast network of multiple niches - it’s the direction people, with or without MySpace). Oh - and Ondrejka, a former submarine driver, also pointed out that there’s 50 virtual musical events inside Second Life each day.
The judge also elected that the label case against MP3tunes and its personal music lockers should proceed in his New York court.
What’s really important about this case - crucial, really - is that it will determine levels of digital fair use, and, hopefully, define a liberal stance in which consumers can protect themselves against format change by legally hosting music in a format which can be re-rendered for different technologies. Read the rest of this entry »
The buyout deal between Sony and Bertelsmann in which the former company has acquired the latter’s 50 oer cent slice of Sony BMG was finally concluded today.
This deal means that Sony Corporation of America now completely owns Sony Music Entertainment as a subsidiary.
SMEI is comprised of premier music labels such as: Arista Records, Columbia Records, Epic Records, J Records, Jive Records, RCA Records, and Zomba. Key recording artists include Celine Dion, Alicia Keys, Yo-Yo Ma, Bruce Springsteen, Justin Timberlake, Usher and Jay Chou.
Posted by Jonny on September 24th, 2008 under News
UK musician Billy Bragg is furious at attempts by major labels and the music industry groups they dominate to prevent file-sharing, saying they don’t understand musicians, don’t understand fans, and don’t get the new age.
On suing file-sharers, he was incensed, “You know who the pirates are?” he thundered during the closing moments of EconMusic yesterday. “The pirates are our fans, when you sue our fans, you drive our fans away,” he yelled, arguing that the industry must change if it has any chance of survival.
What really annoys Bragg is that music labels demand the lion’s share of income from new start-ups and music services, “That’s my income stream you’re pissing with,” he exclaimed, urging labels to pay a higher percentage to artists in the digital age. Read the rest of this entry »
His appearance will be followed by that of Andy Burnham MP, the Culture Secretary. The organisers said: “We are delighted to announce that government minister Andy Burnham MP, the Culture Secretary, will outline his position on some of the key challenges currently facing the UK music industry and will be offering In The City delegates the chance to question him on those major issues that directly affect their businesses. As the key person in the current Government as far as the music industry is concerned, we are delighted that Andy Burnham will be coming to In The City 2008 to outline his vision for the music business.” Read the rest of this entry »
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