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Warner Music Group 2nd quarter loss widens partly on shift to digital music halts dividend: related news
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2nd group music warner digital dividend halts loss music partly quarter shift widens
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.
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via Canadian Business Magazine @ 8:32 8th May
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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.
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via Macro World Investor @ 16:12 8th May
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(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.
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via TMC Net @ 21:05 8th May
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(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.
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via Boston University @ 4:25 31st May
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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.
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via Macsimum News @ 21:05 8th May
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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.
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via Macro World Investor @ 18:45 3rd Jun
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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.
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via Broadcast Newsroom @ 8:32 20th Jun
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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
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via PR Newswire @ 6:20 7th Jun
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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
in IP & Patents
via Business Spectator @ 5:28 19th Jun
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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.
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via Canadian Business Magazine @ 20:07 9th Jun
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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.
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via Digital Media Wire @ 4:17 9th May
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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.
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via Canadian Business Magazine @ 14:46 8th May
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Universal Music Group (UMG), the world's leading music company, and Gotuit, a leading provider of metadata technologies, announced today that UMG has signed a broad license agreement to Gotuit's intellectual property, which includes six issued patents and numerous patent applications. Under this license, UMG will foster the development of new personalized means for consumers to enjoy their artists' music via satellite radio, HD radio and over the Internet. Financial terms of the agreement were not disclosed.
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via Atlas Venture @ 8:57 6th May
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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
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via PCStats @ 18:24 26th May
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Vancouver, BC, June 9, 2008--(T-Net)--Universal Music Group, a leading music company, and Destiny Media Technologies 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.
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via BC Technology @ 11:07 10th Jun
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Universal Music Group (UMG) Expands Digital Music & Video Distribution Agreement With Destiny Media Technologies' Play MPE(R)
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via Macro World Investor @ 6:21 7th Jun
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Universal Music Group (UMG) Expands Digital Music & Video Distribution Agreement With Destiny Media Technologies' Play MPE(R)
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via Yahoo! Canada @ 11:16 7th Jun
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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.
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via Earthtimes.org @ 19:33 20th May
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Digital music sales will represent 40% of all music purchased worldwide by 2012, according to the research firm In-Stat. Digital music downloads represented 10% of the total worldwide music market in 2007, up from 6% in 2006.
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via Podcasting News @ 13:12 29th Apr
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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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via Zero2IPO @ 10:06 30th May
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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.
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via Ovum @ 15:21 3rd Jul
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Xinhua-PRNewswire/ -- A8 Digital Music Holdings Limited (''A8 Digital Music'' or the ''Group''), an integrated digital music company in
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via Earthtimes.org @ 12:22 29th May
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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.
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via Digital Media Wire @ 12:47 1st Jul
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HONG KONG, May 29 /Xinhua-PRNewswire/ -- 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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via SmartBrief @ 3:59 31st May
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HONG KONG, May 29 /Xinhua-PRNewswire/ -- 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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via DCCCafé @ 22:12 30th May
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