All posts tagged FBT Productions

Bits & Pieces: Bronfman Testimony in Lime Wire Case Tied to Settlement?, Slacker Launches On-Demand, Relentless Goes After Coca-Cola & more…

Slacker launches its new on-demand music service

Last week saw a settlement agreement between the RIAA and Lime Wire founder Mark Gorton, in the amount of $105 million. The deal was reached after the first day of testimony from Warner Music CEO Edgar Bronfman Jr. – who was scheduled to appear back on the stand last Thursday, the day on which the settlement was reached. While the amount to be paid is much lower than what the major label plaintiffs were seeking, originally trillions and later it was pegged in the billions, many are looking to Bronfman’s statements during cross-examination as critical in a variety of ways. Was it the focus on how much money the CEO had gotten out of the investment in taking over the company in 2004? Or the massive layoffs and cutting of artists from the roster, or maybe the possibility of the Gorton’s attorney’s bringing up the recent insider trading conviction Bronfman received – a line of questioning that wasn’t ruled out by the judge. While over $100 million is still quite a lot of money (though it’s not likely to make its way to any artist pockets), and the shuttering of Lime Wire, can both be seen as victories for further diminishing illegal file-sharing of music, CNET‘s Greg Sandoval points out, there is also a silver lining for the advancement of new digital music services, evidenced in the first on-record comments from a high-ranking label executive supporting the unbundling of music… Meanwhile, Slacker has launched a new on-demand music subscription service, adding to its current interactive streaming model that is similar to Pandora. This makes Slacker the first and only company to offer both fully developed interactive radio and an on-demand music services, according to company executives. While debatable, the move is certainly a coup for the service, which has often been often left out of the mainstream media conversations about the new digital music landscape… UK independent label Cooking Vinyl is getting a multi-million dollar infusion from a fund backed by VC firm Icebreaker, which will allow the label to make a number of high profile signings… Elsewhere, the intriguing litigation between FBT Productions and Universal Music Group, over the digital sales of Eminem songs, will continue in California to determine damages owed. Though, however much is determined, apparently for now, Em won’t be seeing any of it…  And UK label Relentless Records, responsible for releases from Joss Stone, KT Tunstall and Cage the Elephant among others, has taken legal action against Coca-Cola over the increasing use of their energy drink product of the same name, Relentless, in connection with music venues and festivals, which is causing confusion and an unwanted corporate association for the label and its artists…