WMG Losses Widen 385% To $27 Million
Warner Music Group posted a 385% wider quarterly today due to soft music sales and confirmed that it would cut about 400 jobs. The world’s fourth largest music company reported. Continue reading
More eMusic Turmoil As Ultra Exits & Ray Farrell Joins RoyaltyShare
UPDATED: Indie Ultra has been added to the list of labels that have left eMusic or are considering an exit over per track payout issues. Yesterday we reported exclusively that. Continue reading
WMG Spawns Den Of Theives
They can’t make money selling music anymore; so why not TV? Warner Music Group has created a new production division with a title certain to instill confidence in today’s savvy. Continue reading
New Music Business Briefing
>>> A roundup of coverage from the recent NARM record convention via Coolfer. >>> Concert.tv is expanding to include cable and online coverage of major festivals and tours. >>> Here’s. Continue reading
Weekly Hip Hop News From ProHipHop
50 Cent provides a rapped escort and enters the ring with Floyd Mayweather in a major marketing coup for his upcoming album Curtis, whose title and release date were scrawled. Continue reading
More Labels Question eMusic Payouts
We’ve been reporting label unhappiness with eMusic for several months and this week’s print edition of Billboard confirms that several more labels are on the verge of leaving the service. . Continue reading
Warner Music Group To Layoff 400. Is The End Of The Major Label Near?
In a move that will surely please stockholders, sources have the Warner Music Group beginning staggered layoffs of 400 employees spread across the company. This is the second major round. Continue reading
New Music Business Briefing: YouTube Sued Again, Majors Claim DRM Alive, Congress Backs RIAA & More
>>> The UK’s Premier soccer league and publisher Bourne have joined the growing chorus of content owners suing YouTube. >>> Forbes.com takes an in depth look at how each of. Continue reading
EMI Gets More Suitors. Microsoft Wants Yahoo!
In the "new global ecomony" the consensus is that bigger is better. We’re not sure we agree, but we’re obviously no investment bankers: >>> EMI has released a statement that. Continue reading
TALENTfilter Hides Identity To Avoid Backlash As It Shares A&R
A new blog aimed at uncovering new talent TALENTfilter is taking an anonymous approach by hiding the author’s identity. Since "I like this band, but that one sucks " doesn’t. Continue reading
