Last Week’s Music Business News & How It Could Effect You…

by bhoughton on April 7th, 2008

MySpace announced a new music store with three of the four major labels as partners. Buy while you socialize.
iTunes claims to have passed WalMart to become the #1 music retailer in the US.
WalMart.com has stopped selling SonyBMG and WMG downloads and gone all mp3.
U2 cut a major deal with with concert giant Live Nation, but stopped short of the $150 million 360 deal Jay-Z is reportedly working on with the concert giant. This could mean even higher ticket prices.
EMI has grabbed a senior exec from Google to head its digital efforts.
eMusic has added the great Rolling Stones catalog from ABKCO that has lots of the classics.
Celebrity blogger Perez Hilton is boycotting SonyBMG. Who cares?
Danish telco TDC has begun offering free downloads with EMI, WMG and SonyBMG a part a million track catalog. Nokia is working on something just like this for the US
Universal also announced a new line of greener packaging for some of its classic re-releases.

b5media.com