New York Times:
If Terra Firma were to let EMI default on its debts, Citigroup could offer the company to Warner, which has long coveted the music label.
. (Read More)
Fast Company:
Bluebeat founder Hank Risan says he sank $20 million into an effort to revolutionize digital music delivery. But he flushed it all the day he offered Beatles tracks for a quarter a pop, a judge has ruled.U.S. District Judge J (Read More)
VentureBeat:
If I were Spotify, I’d be paying close attention right now.Imeem, which was one of the first music startups to work out streaming deals with all four major record labels, is going to MySpace for a bargain basement price of $1 (Read More)
paidContent.org:
Vevo, the highly anticipated music video site, now has a launch date. It’s set to go live on the evening of Dec. 8, the site said a few minutes ago via Twitter. The announcement (Read More)
Silicon Alley Insider:
Vevo, the music video startup backed by Sony and Universal, with YouTube support, is launching December 8th.Rio Careff, Vevo's CEO, promised us last week that Vevo would be a great experience with high quality sound and video (Read More)
paidContent.org:
Vevo, the highly anticipated music video site, now has a launch date. It’s set to go live on the evening of Dec. 8, the site said a few minutes ago via Twitter. The announcement (Read More)
Mashable!:
As a joint venture between Disney, Fox and NBC Universal, Hulu is best known for its free and extensive library of TV shows and movies. According the the New York Times, the streaming site is about to enter a new area: music (Read More)
Digital Music News: Top Stories:
Facebook is now cramping the iLike application, and alerting users that certain alerts and updates will not be available withi... (Read More)
Digital Music News: Top Stories:
EMI Music is now placing Norah Jones videos onto Hulu, the beginning of a broader content relationship. According to the New Y... (Read More)
paidContent.org:
Of the big four major label groups, EMI stands out as the most distressed. But what happens next in this tale of toxicity? The outcome depends on a number of volatile variable (Read More)
paidContent.org:
Hulu is doing a limited deal music video deal with EMI, which could be interpreted as a sign of things to come: it is tying up with struggling EMI to feature all of Norah Jones’ (Read More)
Digital Music News: Top Stories:
Hastings Entertainment posted a loss of $3.4 million during the recent third quarter (ending October 31st), narrower than a ... (Read More)
paidContent.org:
Terra Firma’s really been brought down to earth, in more ways than one: after failing to restructure EMI’s debt, it has written down about 90 percent of its investment in the st (Read More)
New York Times:
Citigroup recently rejected a proposal from Guy Hands's private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI, The Wall Street Journal reported. (Read More)
Wall Street Journal:
Citigroup has rejected Terra Firma Capital Partners's latest bid to restructure EMI Group, as the music company's lender and its owner haggle over how to address its debt burden. (Read More)
VentureBeat:
With high speed Internet connections becoming widely available, the online video market is booming: 25 billion videos were viewed in September alone in the US, according to comScore statistics, twice as many as a year ago. Th (Read More)
Digital Music News: Top Stories:
EMI has just named Shane Naughton to the position of Chief Financial Officer and Kyla Mullins as General Counsel. Both will... (Read More)
ReadWriteWeb:
We've been lucky enough to get our hands on leaked screenshots from one version of Rdio, the forthcoming music app from Skype, KaZaA and Joost creators Niklas Zennstrom and Janus Friis. Zennstrom and Friis were the original (Read More)