All posts tagged myspace

More Bits & Pieces… Terra Firma Investors Balk at Fresh EMI Funds, What Kind of $$ Spotify Could be Generating in the U.S. & More…

Investors weary of future

More bad news for Guy Hands, as The NY Post reports that Terra Firma investors are extremely cold on the idea of putting more funds in EMI, as the private equity firms’ next debt obligation to Citigroup comes up in March of 2011… It’s already known that Spotify won’t be landing in the U.S. before the end of the year, with no indication from CEO Daniel Ek on a new timetable, but Evolver.fm takes a look at what kind of subscriber statistics and revenue the digital music service could be generating if it were operating in the states… Speaking at the LeWeb conference yesterday MySpace CEO Mike Jones was defensive of the social network’s seriously waning status, saying, “I don’t wanna be the place that replaces iTunes. I wanna be the place where you learn about music and then take that to wherever your music consumption happens.” An admirable position, and true in the aspect that the site continues to act for the most part as an initial place one can listen to an artist, though the discovery element is lacking, with some recognition from Jones, adding “We do need to get better at surfacing the music that interests you”… Elsewhere, Howard Stern renewed his contract with Sirius XM for another five years, the sum is undisclosed at this point… Apple is beginning to roll out increased song samples in the iTunes store… And Madison Square Garden in is the process of completing a deal to purchase the L.A. Forum…

Wednesday Bits & Pieces: BMG Buys Chrysalis, Myspace on the Block & more…

BMG buys Chrysalis

Heading out of the holiday weekend, industry chatter continues over the acquisition of Chrysalis by BMG Rights Management. One of the world’s largest independent publishers, Chrysalis publicly announced that it was in early-stage talks for a potential sale or merger just less than one month ago. Others bidders said to have been in serious talks include Imagem and Bug Music, though BMG RM came in with the winning offer at just over $168million. The purchase is the latest in a series this year from the joint-venture backed by Bertelsmann and private equity firm KKR – who is being seen as the driving force behind the publisher’s aggressive acquisitions – which also includes Cherry Lane, Adage IV and Stage 3. Following the acquisition, CEO Hartwig Masuch made comments indicating that he believes BMG is now the world’s largest independent music publisher, and is just behind the top four major music publishers. EMI Music Publishing continues to be another likely target in the event of its break up, which would easily make BMG a rival for the top spot… Following the quick deflation of any excitement over the relaunched Myspace last month, comments by News Corp. COO on Monday seem to all but spell out the likelihood of a sale for the beleaguered social network. Though Myspace did release a new mobile site and iPhone app this week, a direction some see as the most sensible one for the site who has seen its numbers drop even more drastically over the past year. Likely bidders for the site being mentioned include the usual digital media giants like Yahoo and AOL, though others see Google (who is also in the midst of discussions to acquire the red hot startup Groupon) as an interesting candidate as well… Elsewhere, the L.A. Times takes a look at the recently overhauled MTV and its focus back on music… Sony Music mistakenly takes action to pull songs offline from Bradford Cox, whose musical projects include Deerhunter and Atlas Sound… And PC Magazine has responded to the letter it received from a group of industry executives last week, which included signees from organizations such as the RIAA, Harry Fox Agency, Sound Exchange, ASCAP, BMI and SESAC, criticizing the publication for a recent article naming file-sharing service alternatives in the wake of LimeWire shutting down…

All Dressed Up and Nowhere to Go: MySpace to be Sold?

MySpace‘s recent redesign and relaunch had a modicum of positive press moving for the site in the first time in a long while, though after yesterday’s News Corp. earnings call, it seems that it might be more short-lived than most expected.  As MediaMemo reports, the clear message from the COO of MySpace parent company News Corp. was that traffic is still not going in the right direction, and when asked how long the site would be given to improve following the relaunch, he remarked that they “judge in quarters, not in years” – not a good sign for the social network, which Rupert Murdoch‘s media empire acquired in 2005. Does this signal that a sale is imminent – for real this time? Rumblings of investment groups putting together blueprints for an acquisition of the site continue to get louder, and it’s becoming more apparent that News Corp. desires to get the site off its books. But what would new owners of MySpace do with the site? While the new look and feel of the site is an obvious improvement, the company’s expressed focus on turning the social network into an entertainment hub seems ill-advised at best. A recent critique of the site relaunch on Evolver.fm puts it best, Myspace should leverage the one thing it has that no one else does: all of that independent music, free for the sampling, which the bands put there themselves. Stay tuned…

More Bits & Pieces: Spotify Close to U.S. Launch & is the MySpace Redesign Plagiarized?

Spotify Closing in on Labels with Cash in Hand

It seems that everyone agrees that Apple buying Spotify is not going to happen, even Danielle Ek told TechCrunch, who first reported the possible negotiations, that “We don’t want to sell, we are here for the long term”… But more interesting are reports by MediaMemo and CNET that the European startup is getting ever closer to a launch in the states, and the primary reason is cash. The company is reportedly offering large up front advances or guarantees to the major labels who hold the fate of the service in the U.S. in their hands.  Sony is reportedly the closest to making a deal, though Spotify will need at least three of the four major labels onboard to press the button – Warner Music Group would seem like the most obvious holdout if there is one… And MySpace saw a lot of positive reviews of its new design, though users of the early stage and invite-only startup Pinterest are calling foul play, as the site’s new aesthetics are strikingly similar. Apparently a now former technology director at MySpace asked for an invite to Pinterest back in March of this year, shown in an email released on TechCrunch

Wednesday Bits & Pieces: LimeWire No More, Apple + Spotify + Google = ??? & the New MySpace

Gets a Relaunch

Yesterday LimeWire software was dealt a blow in the form of a permanent injunction from a U.S. District Judge issued to parent company Lime Group, essentially killing the software that once was found on 1/3 of all PCs.  Reports of a new legal digital music service began when the initial injunction was handed down against the company in May, though it appears licensing talks with major labels have broken down. The company still insists that they hope to launch the new service before the end of the year… Meanwhile, TechCrunch published a piece yesterday claiming that Apple has been in sporadic discussions with Spotify about acquisition, though it’s very early in the process, and no price has been offered. The claims are being questioned by many, believing that a deal of that kind for Apple would not make sense, if for no other reason than the presumed high price alone. However in the same post, it was revealed that Google had offered $1 billion for the service last year around the same time that the company acquired Lala…  The new redesigned MySpace was launched in beta last night, and the new focus of the beleaguered social network will apparently be on entertainment content. Recognizing that they’ve been passed by in the social networking arena by Facebook, they no longer aim to compete, and are now looking to become the web’s biggest hub for music, movies and games – seeing MTV now as a more apt comparison. The backend of the site has also gotten a major overhaul, something that has been much needed since its acquisition by News Corp back in 2005…

In Case You Missed It: Reading Recap – Ping, MySpace’s New Content Chief & Mulve

Is Mulve digital downloading's "nightmare scenario"?

It’s been almost a month since Apple revealed iTunes 10, which included Ping, the new ‘social’ feature that connects iTunes Store users through fan and following features. While the addition of artist profiles to Ping was slow-going initially, things have picked up, but the reason for the sluggish start may have been that the labels weren’t given details about the new feature until the very last minute, as reported on Fast Company this week.  Indie aggregators like CD Baby and Tunecore are also now getting in on the Ping artist-profile action too, with limited abilities to submit artists into the program as well… Following the recent launch of an American Idol audition platform on MySpace for the upcoming 10th season of the show, it was revealed yesterday by the Hollywood Reporter that MySpace is also getting a new content chief in Andy Marcus, who will oversee the company’s entertainment initiatives, including the new Idol partnership…  Sub Pop has a new distribution deal with Australia’s Inertia, a result of financial woes for the Seattle label’s former distro partner Stomp, an inevitably tipped by our own Cool Hand Luke in a recent missive from down under… And many people are talking about Mulve, the new entrant into the digital downloading arena. But what is it? It’s not P2P, it doesn’t pull song-files from search services and it’s not BitTorrent based. Whatever kind of creature it is, people are interested, as the site crashed shortly after reports of the service first surfaced – as of this morning, it appears to be back up

Amid Google Ad Expiration & Executive Exit, News Corp Unites MySpace and FAN

News Corp Integrates FAN with MySpace

As the clock was ticking on News Corp.‘s $900 million ad-deal with Google, which was announced in August of 2006 and had MySpace as the primary revenue generator, many were wondering how the struggling social network would replace the significant loss when the deal expired this summer, and who would a new deal be with; Google Inc., Microsoft Corp., Yahoo! Inc.?  The answer has come this week, with News Corp.’s decision to integrate the team and technology from its own Fox Audience Network (FAN) with MySpace. FAN, already the monetization division for MySpace, IGN and various other News Corp. digital properties, also happened to lose its president Adam Bain this week to Twitter, who has hired the executive to act as the company’s new president of global revenue. The timing of Bain’s departure and the decision to unite FAN with MySpace rather than an outside ad partner, has many wondering what that spells for the social network as it is gearing up for a major relaunch this fall. Adding further curiosity, is that only a few months ago it was reported that FAN was on the block, which further fueled persistent rumors of an impending sale of MySpace…

**UPDATE: Bloomberg reports that MySpace is extending their ad deal with Google by one month. Read full article here

Wednesday Bits & Pieces: Sony Music, Apple + EMI, A MySpace without Google & More…

“We had to change the stretch limo culture that prevailed in many areas of the music industry,” says Schmidt-Holtz

A Sunday piece in the New York Times takes a look at Sony Music and its head Rolf Schmidt-Holt. Much of the article examines Sony Music’s moves into territory outside of the traditional music industry, including its partnership with Simon Cowell and a consulting relationship with the government of Argentina… The other apple, Apple Records, announced a new partnership with EMI for the digital release of fifteen remastered albums from artists including Badfinger and James Taylor, though it doesn’t appear that any Beatles releases will be included… MySpace‘s lucrative ad-deal with Google is just about up, and while the Wall Street Journal recently reported on News Corp.‘s shopping of a new partnership, TechCrunch asks some crucial unaddressed questions… And if you thought those Jonas Bros. albums you bought in the privacy of your home would go unnoticed, think again.  In a move to further propel its new iAd platform and compete with Google, Apple is mining data from billions of iTunes downloads to study user’s buying habits…

In Case You Missed It: Who’s In & Who’s Out Edition

MySpace Co-Prez Jason Hirschhorn (L) leaves; Mike Jones (R) Remains

With an announcement out of London this morning, Roger Faxon is in as the new group chief executive for EMI, moving from his previous position as chairman and chief executive of EMI Music Publishing. Recently appointed non-executive chairman of the group’s recorded music division, Charles Allen, will now become an advisor to EMI and Terra FirmaMySpace co-president Jason Hirschhorn is out as shared head of the troubled social network, leaving Mike Jones to remove the “co” from his title… News yesterday revealed that veteran A&R executive Mark Williams is in as the new Sr. VP of A&R at Columbia Records. William’s most recently worked on M.I.A.‘s new album for Interscope RecordsLimewire is in for more trouble as members of the National Music Publisher’s Association including EMI Music Publishing, Sony/ATV Publishing, Universal Music Publishing Group and Warner/Chappell filed a copyright complaint in federal court against the file-sharing service this week… And free concerts are out in NYC, as the city cracks down after the recent Drake concert fiasco…

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