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In Case You Missed It: Reading Recap

Court Rules Against Limewire in Copyright Infringement Case

A big week for Terra Firma boss Guy Hands, as numerous reports revealed that the firm was able to raise the needed 105 million pounds to keep control of EMI. The new injection of funds will keep the music company under the control of the investment firm for another year… A federal court ruled against file-sharing service Limewire in a copyright infringement case; its founder Mark Gorton may be held personally liable as well… Elsewhere, the latest Pirate Bay bidder has tapped TAG Strategic‘s Ted Cohen to help facilitate the deal… Universal Music Group dropped it’s lawsuit against Project Playlist (now Playlist.com)… American Idol creator Simon Fuller announced he has been responsible for 160 million downloads via iTunes… And the Apple rumor mill is churning with speculation that a streaming music service will be announced at the Worldwide Developers conference on June 7th…

In Case You Missed It: Reading Recap

One Million + Sold

The clock is ticking for Terra Firma to come up with enough funds to keep control of EMI – recent reports indicate Guy Hands has rallied some of the investment firms’ largest backers in an effort to raise the minimum needed by the fast approaching deadline… Apple announced at the start of the week that they have already sold one-million iPads, that’s less than half the time it took to sell the same amount of iPhones… Elsewhere, Warner Music Group reported a 15% rise in digital revenue in its most recent quarter… Tunecore delivered stats from 2009 that included a total of $35-million in download and streaming income for artists… And The Register takes an interesting look at Beggars Group in an interview with indie label-group head Martin Mills

In Case You Missed It: Reading Recap

Always Front & Center... This Week: Adobe, iAds & Lala

Last weekend saw the news that EMI Music chairman Charles Allen is reportedly pulling back from his strategy to sell-off parts of the music group in an effort to righten the company’s state of financial disorder… The New York Times published a lengthy piece focusing on the new Live Nation Entertainment and its leading duo Irving Azoff and Michael RapinoRhapsody beat out other mobile music services this week by being getting its new iPhone app approved by Apple, making it the first service in the U.S. market to allow users to store subscription music in the phone’s memory… A lot more Apple in the headlines this week as Steve Jobs publicly sounded-off on his company’s continued stance against supporting Adobe Flash on its mobile devices. Billboard takes a look at what that means for music, while questions remain on how it all could relate to Apple’s imminent iAds platform that will likely cost advertisers at least $1 million dollars to buy into the new ad network… UK-based streaming service We7 announced that during the month of March, and for the first time ever, it had covered all operating and royalty costs with advertising revenue, making it the first company in the the ad-funded space to do so… Elsewhere, David Letterman‘s Worldwide Pants Inc. has started a record label, and its first release will be Orange County’s Runner Runner… And many are wondering if the freshly posted notice from Lala that it will be shutting down on May 31st and is no longer accepting new users means an iTunes in the cloud is finally on the way…

In Case You Missed It: Reading Recap

Sold-Out Coachella Weekend Starts Today

Coachella starts today and the sold-out festival has many feeling optimistic about the upcoming summer festival season.  In a New York Times piece this week, organizer Paul Tollett addressed the 3-day only passes, a first for the event, as a move to step-up to the level of Europe’s huge festivals, saying “I want to take the training wheels off”… An initial ad-based business model was announced by Twitter this week in the form of Promoted Tweets… UK songwriters association BASCA has cast more doubt publicly on Spotify‘s ability to generate income for songwriters; makes call for more transparency from the start-up streaming service… Concord Music Group has acquired the Massachusetts-based Rounder Records, who recently celebrated their 40th anniversary… The most recent Apple patent includes details that are causing some to speculate on a possible future concert ticketing application called Concert Ticket… And questions are arising as to the future of the apparently stagnant Lala. With the acquisition by Apple last year, many expected the service to quickly become a key component in an anticipated cloud-based iTunes service…

In Case You Missed It: Reading Recap

Buh Bye bebo; AOL Plans to Sell or Shutter the Social Network

The week began with a report that EMI was apparently still in talks with Sony Music about a possible catalog licensing deal, though some have pointed out that contracts with key EMI artists might prevent such a deal from going through. No further updates followed, other than a cheery financial outlook from Terra Firma boss Guy HandsAOL revealed that it was planning to sell or shutter the social networking site bebo that it paid $850 million for in 2008, while Rhapsody spun off into an independent company shedding former partners RealNetworks and Viacom/MTV; the subscription music service now also counts Universal Music Group as a new minority investor… Digital royalty collection organization SoundExchange announced that its 2010 Q1 payouts to artists and copyright holders topped all previous quarters… Details about the Solid Sound Festival were released this week, the Wilco-currated three-day event will take place in June at MASS MoCA in North Adams, MA… And Sonicbids owner Panos Panay talks about the artist-as-entrepeneur…

In Case You Missed It: Reading Recap

Chrysalis acquires over 45K copyrights in First State Media Group deal

All eyes were on EMI this week with the end of the quarter looming and no clear indication as to what kind of licensing deal, if any, would be struck at the last minute.  At the end of day no deal was made, and the new default deadline for the beleaguered music company and its parent Terra Firma appears to be June… Chatter that American Idol owner CKX, Inc. is in discussions to sell the company was confirmed on Monday… As we alluded to last week, Chrysalis has announced its acquisition of First State Media Group, whose S1 Songs and State One Music trade names control over 45,000 copyrights including the former Dreamworks catalog and Wind-Up catalog…  MP3.com founder Michael Robertson is preparing to take on internet radio with the rollout of his new service BYO.fm… Australian music start up Guvera launched a public beta in the U.S. on Tuesday… And Roadrunner Records will be releasing Korn‘s upcoming Ross Robinson-produced album Korn III – Remember Who You Are sometime this summer…

In Case You Missed It: Reading Recap

Acquires Cherry Lane Publishing - Eyeing EMI

One of the latest wrinkles in the unfolding tale of Terra Firma and EMI comes this week with a report that the struggling music company is in talks with competing major labels to license portions of its catalogue…  Universal Music followed up with a denial that it was speaking with the music company, while as rumored here, Bertelsmann and KKR‘s BMG Rights Management expressed that it is indeed interested in EMI’s assets. In related news, the newly launched publishing company made its largest acquisition to-date by purchasing Cherry Lane Publishing… In what could be interpreted as another step toward ISP bundled music subscriptions, AT&T announced a new music “experience” that will combine song downloads, streaming radio, lyrics and more in a single mobile application for subscribers… Next Big Sound compiled social media data to find the fastest rising bands at the SXSW music festival last week, and it was announced that online radio WOXY.com would be closing its doors.

In Case You Missed It: Reading Recap

Zimbalam enters U.S. market - What will it mean for Tunecore?

The New York Times‘ recent profile on Pandora examines how the internet radio company avoided the start-up graveyard, became profitable and whether an IPO is imminent…  A report commissioned by trade group BPI on behalf of Universal Music Group says that bundled digital music services could earn U.K. ISP’s roughly $155 million in extra earnings… New IFPI report breaks down the cost to record label’s for investing in music talent; total reaches roughly $5 billion annually – $1 million is the average price-tag to “break” a new artist… EMI Music CEO Elio Leoni-Sceti is out as of March 31st. Charles Allen, the former CEO of British broadcaster ITV, is set to take over the position… Europe’s Zimbalam, a flat fee digital distribution service backed by Believe Digital, is entering the U.S. market and will use upcoming SXSW for promotional offer.

In Case You Missed It: Reading Recap

Apple Sets Sights on Amazon Daily Deal Promotion

Unlike the recent hoopla over Abbey Road, no public outcry surrounding EMI‘s recent sale of Olympic Sound Studios, birthplace of classic recordings from The Rolling Stones, Led Zeppelin, The Beatles, The Who and QueenApple is starting to flex its iTunes market share muscle with labels over their use of Amazon‘s Daily Deal promotion that features deeply discounted albums for new artist releases… Music start ups MOG and Spotify to go toe-to-toe at SXSW, MOG to announce new mobile app… Time Magazine profiled soon to be Universal Music Group head Lucian Grainge…And Peter Gabriel‘s The Filter has announced a new deal with video site Dailymotion

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