In Case You Missed It: Reading Recap
Sellaband Gets New Owners
A lot of talk recently about Sellaband, the music startup that allows fans to fund projects, first with the revelation that Public Enemy had fallen severely short of their proposed $250K goal for their next album and was even losing fan investors. That was quickly followed by speculation that Sellaband itself was out of cash and on the brink of bankruptcy, which was soon confirmed, but quickly reversed as German investors stepped in to buy the company… At the Digital Music Forum East, an analyst with the NPD group said “We’re eating our young” – claiming that services like Spotify don’t generate music sales while a company like Pandora does. Spotify was quick to respond stating there is evidence that proves the opposite… Music video site Vevo continues to show strong numbers, a quarter of them apparently owed just to Lady Gaga… The BBC announced that among a broad range of changes, it was closing alternative music station 6 Music, though it looks like Absolute Radio (formerly Virgin Radio) will make a bid on the station… Elsewhere Music Mastermind the virtual music creation startup co-founded by Matt Serletic announced $4.85-million in Series A funding… And The Agency Group agent Dave Shapiro in partnership with Rise Records has launched his own label Velocity Records…
02.25.10Fresh Ink: Me Talk Pretty, Christian TV & more…
Christian TV Signs to Universal/Motown
NYC rockers Me Talk Pretty have signed with newly minted Eight O Five Records/Universal. Jesse Beer Dietz with The MGMT Co. is handling management duties for the four piece ,who will see a release of their debut full-length We Are Strangers this spring; the album was produced by Noah Shain (Atreyu, As Tall As Lions, Nico Vega). The band has been hitting the road hard, with stints on last year’s Warped Tour and SXSW performances under their belt, we hear The Agency Group has nabbed the band for booking… Get more info and listen to a couple songs from the new album at www.metalkpretty.com… It looks like Universal/Motown has picked up Christian TV, beating out others who were vying for the electro-dance act whose new video for the barely-legal jam “When She Turns 18″ was pricking ears and turning heads… Jumping to another branch on the Uni tree, Universal/Republic has signed the San Diego-based Dynamite Walls… In slightly more dry ink, Jive is gearing up to take a big-rock swing with Miami’s Atom Smash, and local label Dangerbird Records has added Minus the Bear to their impressive indie roster.
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