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Pandora: These Numbers May Surprise You

Mar 18, 2010 9:35 AM

For years, Tim Westergren was on the front lines of a difficult royalty battle.  But instead of becoming a casualty, Pandora and other internet radio providers managed to forge a workable rate structure - at least one that kept the lights on. But this is still one huge royalty bill,…

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Posted In: Entertainment, Music, pandora, tim westergren

Video @ SXSWi: Sean Lennon And Making Sure The World Doesn’t Suck

Mar 16, 2010 10:45 PM

I gave serendipity a chance today at SXSWi, opting to attend a session solely because the title caught my eye—Making Sure The World Doesn’t Suck: How Independent Content Can Save The Media. The payoff: a lively session, although the topic often felt like an umbrella that anything could fit under,…

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Posted In: Entertainment, Music, Events, SXSWi, , sean lennon

Universal Music Releases An iPhone Game To Promote Artists, Sell Tracks

Mar 16, 2010 8:49 PM

Universal Music Group was early to tap into the whole music gaming phenomenon by partnering with Tapulous to make iPhone apps for artists such as Lady Gaga and Souja Boy Tell ‘Em. Now it’s branching off and working with others to create even more gaming applications. The record label’s latest…

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Posted In: Entertainment, Music, Companies, Apple, iPhone, Vivendi, Universal Music Group

@ SxSWi: Spotify CEO Ek Says Spotify Passes 320,000 Paid Subs But Mum On U.S. Date

Mar 16, 2010 3:50 PM

If you were hoping that Spotify CEO Daniel Ek would use his South by Southwest Interactive keynote to announce a launch date for the U.S., no such luck (although Rafat has a source who says possibly end of May). Ek’s biggest bit of news: Spotify now has more than 320,000…

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Posted In: Advertising, Entertainment, Music, Mobile, Events, SXSWi, daniel ek, spotify

eMusic Owner Dimensional Buying The Orchard; Valued At $12.77 Million

Mar 16, 2010 10:11 AM

So the deal has happened, at a slightly higher price: eMusic owner JDS Capital’s private equity arm Dimensional Associates, which has been negotiating with online indie music distributor The Orchard for a few months now, is buying the part it didn’t own, for $2.05 a share, valuing the company at…

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Posted In: Entertainment, Music, Money, M&A & Venture Capital, Mergers & Acquisitions, dimensional associates, emusic, the orchard

Sonos Gets $25 Million For Wireless Music System

Mar 12, 2010 12:50 PM

Sonos, which sells a digital music system that can be used to play music throughout a home, has raised $25 million in a third round of funding from Index Ventures. The funding was first reported by TechCrunch earlier this week and confirmed by Sonos CEO John MacFarlane in an interview…

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Posted In: Entertainment, Music, Money, M&A & Venture Capital, Venture Capital, Technologies / Formats, index ventures, sonos

Return Of The Album? Pink Floyd Wins Online Bundling Right

Mar 11, 2010 11:09 AM

The album’s not dead yet - well, not in Pink Floyd’s case at least. A judge has ruled in favour of the prog rock band, which went to the UK High Court for the right to have its material sold online only the form of albums, not individual singles, which…

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Posted In: Entertainment, Music, Legal, Companies, EMI, pink floyd

Viral Video Hitmaker OK Go Does Just That; Parts Ways With EMI

Mar 10, 2010 12:15 PM

In another bit of EMI news, less vital to the company’s future than today’s latest change at the top, OK Go and Capitol Records have parted ways after nine years through mutual agreement. OK Go asked; EMI agreed. OK Go is best known for its viral videos—and was touted by…

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Posted In: Entertainment, Music, Social Media, Video, Companies, EMI, capitol records, ok go

Industry Moves
EMI Music Swaps Chief For Chairman Allen As Trouble Looms

Mar 10, 2010 5:59 AM

In 2008, Terra Firma hired the guy who ran the company which makes Cillit Bang and Air Wick to turn EMI Music around. But now the record label finds itself seeking a reported £100 million to avoid breaching banking covenants. So now executive chairman Elio Leoni-Sceti is on his way…

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Posted In: Industry Moves, Entertainment, Music, Companies, EMI, charles allen, elio leoni-sceti

Pink Floyd Take EMI To Court Over Online Royalties, Unbundling

Mar 9, 2010 12:34 PM

Litigious EMI may have avoided a court showdown with yet another digital music startup (it’s settled a case over lyrics data with TuneWiki), but it’s also fighting a case brought against it by one of its own artists… Pink Floyd has two beefs, according to some rather bare-bones reporting of…

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Posted In: Entertainment, Music, Legal, Companies, EMI

Industry Moves
Warner’s Rhino Expands Global Digital Efforts; New Role For Dorn

Mar 9, 2010 12:20 AM

David Dorn doesn’t flinch when the C word—“cheesy”—comes up during an interview about Rhino Entertainment. He embraces it, talking about the two extremes of the Warner Music Group (NYSE: WMG) catalog division—a “really great sense of humor” that can result in something like Golden Throats, the series of compilations featuring…

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Posted In: Industry Moves, Entertainment, Music, Companies, Warner Music Group, david dorn, rhino

Sony’s Comeback Plan Includes PlayStation Smartphone

Mar 4, 2010 12:14 PM

The long-rumored Sony (NYSE: SNE) Playstation phone is now becoming a reality. Sony is developing a new lineup of handheld products, including a smartphone that would be capable of downloading and playing PlayStation games, as well as connecting to Sony’s online media platform, reports the WSJ, which quotes people familiar…

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Posted In: Entertainment, Gaming, Movies, Music, Media & Publishing, TV, Mobile, Companies, Apple, iPad, iPhone, Sony, Sony Ericsson

Industry Moves
Thumbplay Hires Apple Exec To Lead Music Subscription Ambitions

Mar 1, 2010 2:55 PM

Thumbplay has hired an exec away from Apple’s iPhone ranks to bulk up its team as it attempts to transform the ringtone company to a full-track music download service for the phone and PC. Pablo Calamera, who oversaw the launch of Apple’s MobileMe cloud services, will serve as the company’s…

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Posted In: Industry Moves, Entertainment, Music, Mobile, Companies, Apple, pablo calamera, thumbplay

The Music Industry’s Demographics Problem

Mar 1, 2010 1:00 PM

Apple (NSDQ: AAPL) just announced the 10 billionth iTunes music download sale. An impressive statistic for sure, but not the end of the story.  As Apple often does with download milestones, it gave a prize to the 10 billionth download customer and revealed that the song downloaded was Guess Things…

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Posted In: Entertainment, Music, Companies, Apple

RealNetworks Gives Execs Raises, Retention Agreements

Feb 26, 2010 6:04 PM

RealNetworks’ Bob Kimball, who was named acting CEO last month when founder Rob Glaser abruptly stepped down, got a nice salary increase with his promotion, according to the company’s 8-K filing. When Kimball was corporate EVP, he made a $370,000 base salary with a target bonus percentage of 75 percent.…

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Posted In: Entertainment, Music, Money, Companies, RealNetworks, michael eggers, michael lunsford, robert kimball

Exclusive
Online Music Service Mog Raises About $10 Million; UK Expansion Planned

Feb 25, 2010 10:26 PM

Berkeley, CA-based music service Mog.com, which recently launched its subscription music service with good review, is taking a new VC round to finance an entry to the UK market, promising to undercut the much-hyped Spotify and CBS-owned social site Last.fm, we have learned. The second round closed at around $10…

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Posted In: Features, Exclusive, Entertainment, Music, Money, M&A & Venture Capital, Venture Capital, balderton capital, menlo ventures, mog

Music Mastermind Gets $4.85 Million For Music Creation Tools

Feb 25, 2010 7:30 PM

Music Mastermind, which is building tools designed to let amateurs put together and then share tracks, has raised $4.85 million in a first round of funding. The company—which is led by former Virgin Records CEO Matt Serletic—says it will unveil “a series of evolving console, mobile and social gaming products”…

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Posted In: Entertainment, Music, Money, M&A & Venture Capital, Venture Capital, music mastermind

Sony’s Hesse More Positive on Spotify’s US Chances

Feb 24, 2010 10:38 PM

At the Digital Music Forum East in New York today, Thomas Hesse, President of Global Digital Bus., US Sales & Corp. Strategy at Sony (NYSE: SNE) Music Entertainment was the keynote interview, and he gave a lot of details on the company, state of the industry, and how he sees…

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Posted In: Entertainment, Music, Companies, Sony, SonyBMG, spotify, thomas hesse

Ok No Go: YouTube’s Embedding Restriction Is Bad For New Bands

Feb 21, 2010 1:34 PM

About three years ago, power pop band Ok Go were catapulted to fame after its independently-produced music video for the song “Here It Goes Again” caught fire on YouTube. Fans began embedding the video, which featured the band dancing on treadmills. The band’s success appeared to point the way for…

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Posted In: Entertainment, Music, Marketing, Social Media, Video, Companies, Google, YouTube

@pc2010: What’s Different About Today’s Media Joint Ventures?

Feb 19, 2010 8:53 AM

Pali Capital’s Rich Greenfield opened the paidContent 2010 conference at the TimesCenter with a note of skepticism about the recent spate of media joint ventures, such as Hulu or the recently-launched YouTube music video channel Vevo. Moderator Quincy Smith, ex-CBS Interactive (NYSE: CBS) exec now partner, Code Advisers, put the…

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Posted In: Advertising, Entertainment, Music, Media & Publishing, TV, Cable & Telecom, Social Media, Video, Events, ContentNext Events, paidContent 2010, david verklin, john squires, quincy smith, rich greenfield, rio caraeff

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