All posts tagged Live Nation Entertainment

Bits & Pieces: Live Nation + UMG, Facebook’s f8 Conference & more…

Monday afternoon saw the official news of a major deal that has been in the works for months that unites Live Nation Entertainment and Universal Music Group in a new pact joining UMG’s management properties, including Sanctuary, Twenty First Artist (and presumably the new producer management arm Twenty First Republic that was formed earlier this year with World’s End) and 5B Artist Management, all under LN’s Front Line Management… Apprehension by banks to finance private-equity firms in buyouts and mergers is growing, according to an WSJ article this week, and that might mean the stable of bidders for EMI is shrinking. It might also mean the likelihood of the music group being sold intact is also lessening… Tomorrow is Facebook‘s big f8 conference, where they will announce many new features and major redesigns, and music fans are looking forward to the expected integration of new streaming services like Spotify, MOG and Rdio. Some are expecting Pandora to be added to that list as well, given the redesigned and relaunched player from the web radio service today, which includes among other things increased sharing capabilities and the removal of the cap on free-listening hours. Exactly how seamless the integration of media services into the social network is unclear, as MediaMemo points out, FB was originally planing on allowing users to access music and video services without ever leaving the site, however now that has changed. Announced speakers and panelists at the conference will include CEO’s from Spotify and Turntable.fm along with Clear Channel Chairman‘s Bob Pittman who has been busy promoting iHeartRadio and manager Troy Carter among many others…  Elsewhere, video site Vimeo has launched a Music Store in a new partnership with Audiosocket, that will help video creators easily find and license music… R.E.M. is calling it quits after three decades… Van Halen is reportedly ending their longtime relationship with Warner Bros. Records and heading to Columbia Records… And Jeremy Summers has been named EVP/Chief Marketing Officer at Interscope Geffen A&M.

In Case You Missed It: Reading Recap

Fortune’s Fool: Edgar Bronfman Jr., Warner Music and an Industry in Crisis hit the book shelves this week.  Check out the 2-part interview on Wired.com with author Fred Goodman… The new “Facebook movie,” officially titled The Social Network, released a new trailer for the upcoming film that features an eerie background supplied by a choral rendition of Radiohead‘s “Creep” – you won’t find the film being promoted on Facebook, but it is part of Twitter‘s newly launched Promoted Tweets… Fear not, if the lack of news regarding Spotify in the last few weeks has got you worried, CEO says the service is “growing healthily,” and the U.S. launch of the service is still on track for this year… Elsewhere, the NY Times has a profile of Pitchfork and its growth from a small bedroom website to indie music dominance, getting 30-million page views a month… Live Nation Entertainment held a presentation this week for investors and analysts detailing the company’s plans for the future and addressing the highly scrutinized struggle of the concert business this year… And Peter Jenner, former manager of acts such as Pink Floyd and The Clash, shares his thoughts on the economics of digital music and the inevitability of file-sharing…

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

Apple's New Game-Changer?

No question about it, this week saw two stories dominate the headlines and bloglines and pretty much anywhere that covers music and media, and it wasn’t the Grammy’s… First was the announcement that the DOJ had approved the TicketmasterLive Nation merger, much quicker than most anticipated, with the result being the formation of Live Nation Entertainment.  As to be expected the reactions were plentiful and varied, including a thumbs up from influential artist manager Jim Guerinot, while Spaceland Productions founder Mitchell Frank and other indie promoters see reason for concernboth stories appearing this week in the L.A. Times music blog Pop & Hiss… The other widely reported and debated news this week was the unveiling of Apple’s new iPad. The announcement of the one-of-a-kind device was greeted with praise and skepticism, as most new Apple products do, including estimations as to what the iPad will mean for the music industry, how it will take down the Kindle, why a rebuilt iTunes is more important and Bob Lefsetz explains why he won’t be buying one.