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.
12.18.09In Case You Missed It: Reading Recap
Hulu launching in UK with new 19 Entertainment series
Continuing with their recent string of announcements, MySpace Music revealed a new deal with digital-media distro service TuneCore to allow independent (unsigned) artists to have their music included in the MySpace Music on-demand streaming service for a flat fee (Epicenter)… EMI is taking legal action against video site Vimeo, claiming that while the site may feature original video content created by users, many songs under their control are used in such videos throughout the site without a license (ars)… Can a scientific formula detect radio payola? A researcher at University at Buffalo says yes (Science Daily)… More from the Terra Firma-EMI saga, as it appears that Citigroup made a bid for the music company just prior to the investment firm’s recent legal action against the bank (FW)… And Hulu prepares to cross the Atlantic. The popular online TV and movie streaming site prepares to launch in the UK early next year, but with just one show, a new 19 Entertainment reality series, If I Can Dream (MediaMemo)…
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