Earnings roundup Dynegy swings to loss Warner Music loss widens on shift to digital music: related news

Earnings roundup: Dynegy swings to loss, Warner Music loss widens on shift to digital music

HOUSTON (AP) — Dynegy Inc. said Thursday it swung to a loss in the first quarter as market prices for power surged, causing accounting losses on some forward sales.

Warner Music Group 2nd-quarter loss widens partly on shift to digital music, halts dividend

LOS ANGELES-Warner Music Group Corp., whose artists include R.E.M., Madonna and Green Day, said Thursday that higher costs and a shift to digital music resulted in a wider second-quarter loss and it suspended dividends.

Warner Music Group 2nd-quarter loss widens partly on shift to digital music, halts dividend

NEW YORK (AP) - Warner Music Group, whose artists include R.E.M., says higher costs and a shift toward digital music produced a wider second-quarter loss, and will suspend its dividend in order to build cash reserves and lower debt.

Boston University College of Fine Arts School of Music Announces Online Music Education 2008 Commencement Ceremony

(Boston) – For the first time since the program’s inception, the Boston University College of Fine Arts will hold a separate Convocation for the School of Music’s Online Music Education Program on Saturday, May 17 at 4:00pm at the Tsai Performance Center. In just two years, Boston University School of Music’s two distance learning graduate music education programs have experienced tremendous growth. The two programs – the Doctorate of Musical Arts in Music Education and the Master of Music in Music Education – began online classes in the fall of 2005 with a total of 67 students and have experienced exponential growth with the help of Compass Knowledge Group. This semester 117 students will graduate from the Master of Music in Music Education program with about 30 attending the actual ceremony.

Warner Music Group 2nd-quarter loss widens partly on shift to digital music, halts dividend

(Associated Press WorldStream Via Acquire Media NewsEdge) LOS ANGELES_Warner Music Group Corp., whose artists include R.E.M., Madonna and Green Day, said Thursday that higher costs and a shift to digital music resulted in a wider second-quarter loss and it suspended dividends.

EMI Music Enters Into New Agreement With Qtrax for Ad-Supported Digital Music Service

NEW YORK, June 3 /PRNewswire/ -- EMI Music, one of the world's leading music companies, has entered into an agreement with ad-supported digital music service Qtrax to make EMI's catalog of digital music available to music fans in the US and Canada.

Warner Music Group to experiment with digital music pricing options

The price of digital music “could be in flux� as Warner Music Group plans to run a test starting this month that will alter the price of certain songs on a number of unspecified online music stores to reflect demand, reports Wired.

Aeroplan Music Store First in Canada to Announce All MP3 Format

Members can redeem miles for music to play on any device, at any time MONTREAL (CNW) - Aeroplan today announced plans to convert all audio tracks at the Aeroplan Music Store into high quality MP3s. For the first time on any commercial music download site in Canada, content from all four major record labels: EMI, Sony BMG Music (Canada), Universal and Warner Music Canada, will be available in a DRM-Free (Digital Rights Management) form. The removal of the DRM is a major milestone in the world of downloading because it frees users from access control and licenses placed upon their music. This means Aeroplan Members will be able to play their favourite songs on any device, at any time.

Music industry's war on piracy

Music traders in Australia are angry about the illegal downloading of music over the internet. This is cutting the profits of the music trade across the globe, and it is the same in Australia. Stephen Peach, of the Australian Music Industry group, is one of those deeply concerned about illegal downloading. He wants to see new measures to combat illegal downloading. Peach argues that ISPs should supply information about illegal downloading of music to officials. Legal digital downloading of music is becoming a global growth industry

IODA Signs Demon Music Group for Worldwide Digital Music Distribution

SAN FRANCISCO, CA -- (MARKET WIRE) -- 06/19/08 -- IODA, the global leader in digital distribution, marketing, and technology solutions for the independent music industry, today announced a ground breaking, exclusive partnership with catalog music specialist Demon Music Group for the U.S. and Canada. This deal expands IODA's catalog of more than one million tracks with some of popular music's most famous heritage artists including Ian Gillan, Don McLean, Ian Dury, Frankie Ford and Andy Williams. The announcement was made today at the London Calling conference in London, UK.

Sonic Focus: Digital music is just "good enough"

When one puts an iPod into a home theater system it's easy to hear the degradation in a digital audio file due to file compression when compared to a compact disc (CD) when the system is powered by a decent amplifier and a 7.1 speaker set. In some cases, a decent speaker might even highlight the noises that are caused by file compression. This is not a matter of how the digital music file is played, but how the file is being stored, or, being compressed. When consumers enjoy the high portability of their beloved music in a wide array of consumer electronic products, they are scarifying the "life" of music also. Driven by attempts to restore compressed digital music with vitality, Sonic Focus, a digital audio enhancement solution provider, which was recently merged by intellectual property (IP) and multimedia subsystem company ARC Internat

Warner Music Adds MP3s to Wal-Mart Download Store

Los Angeles - Warner Music Group (NYSE: WMG) has added DRM-free songs to Wal-Mart's online music store, which dropped songs from Warner as well as Sony BMG and Universal Music when it decided to offer only MP3s, Hypebot reports. Wal-Mart's MP3 store now offers Warner Music MP3s alongside tracks from EMI and independent labels.

Universal Music Group (UMG) Expands Digital Music & Video Distribution Agreement With Destiny Media Technologies' Play MPE(R)

Destiny's Proprietary Platform Will Provide Secure Distribution of UMG Pre-Release Digital Media NEW YORK and VANCOUVER, British Columbia, June 6 /PRNewswire/ -- Universal Music Group (UMG), the world's leading music company, and Destiny Media Technologies (OTC Bulletin Board: DSNY) announced today that they have expanded their digital media distribution services agreement to include UMG's affiliates in Canada and Mexico. Under this multi-year agreement, Destiny Media remains the primary, and only company-wide platform, for the global distribution of UMG's pre-release digital media in North America. "This agreement further expands UMG's ability to utilize Play MPE's(R) digital distribution platform which replaces the costly traditional system of delivering promotional CDs using couriers and express mail," stated Vincent Freda, UMG's Execu

Online music pioneer Napster launches restriction-free music store

San Francisco - Napster, the online music site that first popularized free music over the net, launched on Tuesday what it called the world's largest online music store without digital rights management. But fans of original Napster may be disappointed. Though the music available will play on any MP-compatible device, it also costs 99 cents a track.

Another nail in the DRM coffin: Rhapsody launches DRM-free MP3 store

This week, online music retailer Rhapsody has launched a new DRM-free music store in the US, allowing users to download unprotected 256kbps MP3 files for $0.99 per track (or $9.99 per album). While Rhapsody is just the latest in a string of online music stores to offer DRM-free music (including Amazon's MP3 store and Apple's iTunes Plus), it bangs another nail in the coffin of DRM in the online music business. We think the move away from DRM will benefit consumers, device vendors and online music retailers, by removing one of the biggest barriers to consumer acceptance of digital music sales.

Specialty Retail Chain Hot Topic to Launch MP3 Store

New York - Pop culture-inspired fashion retail store chain Hot Topic plans next month to launch its own digital music store, ShockHound, which will sell music from at least three of the four major labels in MP3 format, The New York Times reported on Monday. "For us, music merchandise is where the profit is," Hot Topic president Jerry Cook told The Times. "The reason we carry CDs in the stores is that to be in a music-centered business and not have music would be a contradiction. And you can't be an online music store and not have MP3s." In addition to MP3s from a wide range of artists, the ShockHound store also expects to sell t-shirts from more than 1,000 bands, as well as music on vinyl.

Nokia Launches New Digital Music Store in Sweden

announced today that the Nokia Music Store in Sweden has gone live. With millions of tracks from major artists, independent labels, and up-and-coming Swedish acts, the Nokia Music Store let's people enjoy music directly on their Nokia device or personal computer. The Nokia Music Store, with its compelling combination of download and streaming services, empowers you to connect to music you want, in the way you want.

Report: Deals Reached on Several Digital Music Royalty Issues

New York - The major players in contentious negotiations over digital music royalties, which pit music publishers, record labels and digital music services against one another, have reached a settlement on two of five major issues, Billboard reported, citing an account from David Israelite, president and CEO of the National Music Publishers Association (NMPA).

Hip Digital Media First In Canada To Offer All MP3 Format

VANCOUVER, British Columbia --(Business Wire)-- Hip Digital Media and Aeroplan today announced plans to convert all audio tracks at the Aeroplan Music Store into high quality MP3s. For the first time on any commercial music download site in Canada, content from all four major record labels: EMI, SONY BMG MUSIC (CANADA), , Universal and Warner Music Canada will be available in a DRM-Free (Digital Rights Management) format. The removal of the DRM is a major milestone in the world of downloading because it frees users from access control and licenses placed upon their music. This means that Aeroplan Members will be able to play their favourite songs on any device, at any time.

Hip Digital Media First In Canada To Offer All MP3 Format

VANCOUVER, British Columbia--(BUSINESS WIRE)--Hip Digital Media and Aeroplan today announced plans to convert all audio tracks at the Aeroplan Music Store into high quality MP3s. For the first time on any commercial music download site in Canada, content from all four major record labels: EMI, SONY BMG MUSIC (CANADA), , Universal and Warner Music Canada will be available in a DRM-Free (Digital Rights Management) format. The removal of the DRM is a major milestone in the world of downloading because it frees users from access control and licenses placed upon their music. This means that Aeroplan Members will be able to play their favourite songs on any device, at any time.

Hip Digital Media First In Canada To Offer All MP3 Format

VANCOUVER, British Columbia—(BUSINESS WIRE)—June 9, 2008— Hip Digital Media and Aeroplan today announced plans to convert all audio tracks at the Aeroplan Music Store into high quality MP3s. For the first time on any commercial music download site in Canada, content from all four major record labels: EMI, SONY BMG MUSIC (CANADA), , Universal and Warner Music Canada will be available in a DRM-Free (Digital Rights Management) format. The removal of the DRM is a major milestone in the world of downloading because it frees users from access control and licenses placed upon their music. This means that Aeroplan Members will be able to play their favourite songs on any device, at any time.

Music Online Audioconference - Legal Scholar Questions Measures to "Streamline" Music Licensing

With new distribution channels for music come repeated calls for changes in the legal structure of intellectual property (IP) rights that apply to music. University of California, Berkeley Law Professor Robert P. Merges will present a paper on The Continuing Vitality of Music Performance Rights Organizations. He warns that proposals to change the existing music IP rights system could stunt creativity in the United States. and around the world. Merges warns that the more radical proposals would eviscerate or eliminate performing rights organizations, which could weaken all of the gains songwriters have made over the past century.

Apple Needs More Mobile Music; UMG Demanding Nokia-style Comes With Music Deal?

Have the music labels found a way to get Apple (NSDQ: AAPL) to cave on some of their age-old requests as well as an interesting new one? The NYT’s Saul Hansell reports the Cupertino-based company is deep in “active� negotiations with major music labels to increase the range and inventory of music content available on the iPhone. Specifically, Apple wants to increase its ringtone inventory and to start selling ringback tones. It’s also hoping to hammer out an agreement on whether it can sell songs directly from the iTunes store to iPhones, via the operator’s network. But the music labels have their own list of requests, and are seeing this as their best opportunity to get Apple to relent on some of their eternal demands.

A8 Digital Music Announces Main Board Listing Details

A8 Digital Music Holdings Limited ("A8 Digital Music" or the "Group"), an integrated digital music company in China, today announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited.

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