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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.
in MP3
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.
in MP3
via TMC Net @ 21:05 8th May
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myspace-music1.jpgMySpace has just announced a high-profile move into the digital music retailing space, to compete head-on with Apple’s iTunes. It’s called MySpace Music, and is a joint venture with major labels Sony BMG, Universal Music Group and Warner Music Group. They’re describing it as a “fully integrated 360 degree global music solution”. Whatever that is.No, I’ll tell you what it is. It goes beyond MySpace’s existing music features - streaming tracks on bands’ profiles - and is basically a platform for artists and labels to sell music and other content on the MySpace Music site, on band profiles, and through regular MySpace users’ profiles too. It includes DRM-free song downloads (so they’ll work on your phone), but also a mobile storefront run by Jamba, which like MySpace is owned by News Corporation.
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via Pocket Picks @ 3:22 4th Apr
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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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As the music industry struggles to stay alive in a digital world, News Corp.'s MySpace has signed a new partnership with Universal Music Group, Sony BMG Music Entertainment and Warner Music Group to create a new online destination for purchasing music called MySpace Music.
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via DMNews.com @ 19:11 4th Apr
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PASADENA, Calif. - (Business Wire) 5 Alarm Music, a division of strategic music branding company DMI Music & Media Solutions, has harnessed the power of Soundminer's Web portal in a revolutionary approach to Web-based audio asset management, creating a user-friendly Web browser experience that offers producers and music supervisors a dynamic and easily navigable online search engine to find, download, manage and store music for any and all production applications. The system also automatically creates music usage reports (cue sheets) for producers in a hurry.
in Search Engines
via Earthtimes.org @ 9:24 14th Apr
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TORONTO (Marketwire) - Fairmont Hotels & Resorts, in partnership with EMI Music, today announced the Fairmont Music Store, a new online retail initiative that will provide guests of the luxury hotel chain access to digital music exclusively from EMI Music's impressive catalog. Located at www.fairmontmusicstore.com, the leading-edge music boutique will be officially launched at a special event at the illustrious Plaza Hotel's stylish Rose Club in Spring 2008.
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via Canadian Business Magazine @ 20:15 12th Mar
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TORONTO, ONTARIO--(MARKET WIRE)--Mar 12, 2008 -- Fairmont Hotels & Resorts, in partnership with EMI Music, today announced the Fairmont Music Store, a new online retail initiative that will provide guests of the luxury hotel chain access to digital music exclusively from EMI Music's impressive catalog. Located at www.fairmontmusicstore.com, the leading-edge music boutique will be officially launched at a special event at the illustrious Plaza Hotel's stylish Rose Club in Spring 2008.
in MP3
via Yahoo! Canada @ 20:15 12th Mar
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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.
in MP3
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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The New York Times reports on a deal between MySpace and three of the four major music labels to develop a new music website. Users will be able to stream songs for free, purchase downloadable tracks, and (possibly) pay a flat monthly fee for unlimited access. From the Times: "Exact terms of the deal and details about the new site, like prices for downloaded music tracks, were not disclosed. But MySpace did say the site would offer songs free of digital rights management software or D.R.M., which is used to prevent illicit copying but can create technical hurdles for buyers. The songs would be playable on any portable music device, including Apple's iPod. For the music industry, the deal is partly born of desperation. In the face of widespread, escalating online piracy, music sales dropped to $11.
in Web Developer
via Slashdot @ 3:15 4th Apr
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mpGreek the largest Digital Music Services provider for Music Downloads and DIAS Group the biggest media group in Cyprus, introduce the new digital music service of music.sigmalive.com.
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via 24-7PressRelease.com @ 12:04 28th Mar
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Nokia announced today that the Nokia Music Store in the Netherlands has gone live http://www.music.nokia.nl. With millions of tracks from major artists, independent labels, and up-and-coming Dutch acts, the Nokia Music Store let's people enjoy music directly on their Nokia device or personal computer. Part of the Ovi by Nokia offering, 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.
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via Largest Companies @ 8:54 9th Apr
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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.
in MP3
via Atlas Venture @ 8:57 6th May
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AMSTERDAM, The Netherlands, April 8 /PRNewswire-FirstCall/ -- Nokia announced today that the Nokia Music Store in the Netherlands has gone live http://www.music.nokia.nl/. With millions of tracks from major artists, independent labels, and up-and-coming Dutch acts, the Nokia Music Store let's people enjoy music directly on their Nokia device or personal computer. Part of the Ovi by Nokia offering, 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.
in MP3
via TMC Net @ 19:16 8th Apr
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AMSTERDAM, The Netherlands, April 8/PRNewswire-FirstCall/ -- Nokia (NYSE: NOK) announced today that the Nokia Music Store in the Netherlands has gone live http://www.music.nokia.nl. With millions of tracks from major artists, independent labels, and up-and-coming Dutch acts, the Nokia Music Store let's people enjoy music directly on their Nokia device or personal computer. Part of the Ovi by Nokia offering, 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.
in MP3
via MobileBurn @ 19:17 8th Apr
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News Corp. has announced the long-anticipated MySpace Music, a music portal that will let users stream and download music in addition to allowing them to buy concert tickets and merchandise. Three major music labels—Sony BMG, Universal, and Warner Music—have stakes in the venture, allowing them to yank some money out of MySpace's thriving music community, one that has long been known as a gathering place for bands, artists, and their fans online.
in MP3
via ArsTechnica @ 16:33 3rd Apr
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The social network site owned by News Corp. (NWS) said it is launching an online music service with major recording companies. MySpace formed a joint venture with Universal Music, Sony BMG Music Entertainment and Warner Music to assure a large inventory of songs will be available through the new service. Users will be able to listen to music and watch video for free and purchase music downloads directly from the Web site. News Corp. rose 0.9% to 20.17.
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via Investors Business Daily @ 3:09 4th Apr
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MySpace Music announced, iTunes selling more than Walmart MySpace.com which remains the #1 most popular social network on the Internet has announced today a joint venture with three out of the four major music labels Sony BMG, Universal Music, and Warner Music Group, to offer "MySpace Music".
in MP3
via TechSpot @ 12:58 4th Apr
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Fairmont & EMI Music Collaborate to Offer Online Music Store Fairmont Music Store To Debut in Spring 2008
in E-commerce
via Quote.com Canada @ 16:15 12th Mar
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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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