More News: No WMG Bid For EMI?, Borders Liquidates, Black Is Back, HFA+Spotify, Apple, More
Warner debt may prevent the from make a deal to buy EMI according to analyst Anthony Canale of Covenant Review, which analyzes credit agreements. (NY Post)
- After failing to find a buyer, Borders told the bankruptcy court Monday that it will close its remaining 399 stores and liquidate its assets starting as soon as Friday.
- Rebecca Black extends her 15 mins of fame with a new video that's exceeded 1 million plays in just 1 day on YouTube.
MORE:
- The Harry Fox Agency is handling licensing for the U.S. launch of Spotify.
- After being at his desk for weeks, LA Reid was officially named Chairman & CEO of Epic Records Monday by new Sony Music Entertainment CEO Doug Morris.
- Analysts are forecasting that Apple iPod sales will decline 7.2% year over year as smartphones and other devices gain popularity. But Apple stock hit an all time high Monday of $374.65 just ahead of an anticipated strong earnings report.
- Google announced new URL shortcut that will only link to official Google products and services: g.co.
- Ticketmaster For BlackBerry Beta v2.0 Available Now For Beta Zone Members (TechCrunch)
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Borders closing: 400 less places to sell (or buy) CDs. A major hit for the adult-oriented genres such as classical, jazz, world and folk. Even in its greatly reduced form of recent years, Borders was the last good all-new CD store available to me, and I bought a classical CD at my local Borders last night.
Agreed, wallow-T. With Barnes and Noble’s music section shrinking exponentially, this means it will be more difficult for an Enya or a Charlotte Church to succeed unless new digital avenues are created for this kind of music. At the least, iTunes should consider a “corner” of their store to be dedicated to “adult-oriented music” — a curated place for browsing. It’s really an untapped market digitally, although Adele’s (or Susan Boyle for that matter) success proves adults will still buy if they really like something. Another question: what is happening to the Putumayo label? They still refuse to sell their CDs as downloads.