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Universal Spent $840,000 In Q2 Loppying
Universal Music spent $840,000 in Q2 to lobby the US federal government, according to documents filed on July 20th.
Directory: > Financial Blog Talk > News
Date: 2010-09-03

Pensions Owed Could Cripple EMI
Piled on top of all of the money that EMI owes to investors and CitiGroup are the needs of 269 former employees owed pensions...
Directory: > Financial Blog Talk > News
Date: 2010-09-03

Intertrust Purchases Seeqpod Assets
DRM technology provider Intertrust Technologies Corporatiohas has acquired all the software and patents developed by SeeqPod.
Directory: > Financial Blog Talk > News
Date: 2010-09-03

Merlin's Indies And Grooveshark Settle Dispute
Music streaming service Grooveshark has settled its dispute with indie music agency Merlin. Grooveshark will pay for both past and future use.
Directory: > Financial Blog Talk > News
Date: 2010-08-20

EMI Loses $802 Million
(UPDATED) In its report to investors this morning, EMI detailed a net loss of 512 or US $802 million. The company also wrote off another 602 million...
Directory: > Financial Blog Talk > News
Date: 2010-08-20

RIAA Spent $16mil To Recover $391,000
The amount that the RIAA paid out to its lawyers in 2008? $16,000,000. The amount that the RIAA recovered as a result of their efforts? $391,000.
Directory: > Financial Blog Talk > News
Date: 2010-07-16

Music Sales Slip Slightly In First Quarter
The U.S. single-track download market slipped 0.2% to 597.4 million tracks in the first half of the year according to Nielsen SoundScan.
Directory: > Financial Blog Talk > News
Date: 2010-07-16

iTunes In Cloud Worth Nearly One Billion Dollars
A new NPD Group study based on just under 4000 consumer image from www.splicelicio.us interviews predicts that between 7 and 8 million...
Directory: > Financial Blog Talk > News
Date: 2010-07-16

YouTube Found Not Guilty Of Infringement
A U.S. District Court has issued a summary judgment in favor of YouTube in the longstanding $1 billion case brought by Viacom.
Directory: > Financial Blog Talk > News
Date: 2010-06-25

HP Pays To Play Streaming Music
Just as when Apple recently bought Lala.com, yesterday's purchase of music streaming service Melodeo by computer giant Hewlett Packard...
Directory: > Financial Blog Talk > News
Date: 2010-06-25

Public Enemy Forced To Reduce Their Sellaband Goal 60%
Hip Hop pioneers Public Enemy has been forced to drop their fundrasing goal on fan funding site Sellaaband from $250,000 to $75,000. Six months into their campaign they have raised $56,000. On Sellaband, Public Enemy posted:
Directory: > Financial Blog Talk > News
Date: 2010-06-11

JPMorgan Chase Asks 300M For Indie Music Publisher
JPMorgan Chase is facilitating an auction for Indie music publisher Bug Music with an asking price of $300 million. As reported by the New York Post, Bug has already received the first round of bids from numerous interested parties.
Directory: > Financial Blog Talk > News
Date: 2010-06-11

New Study Show The Performance Rights Act Would Destroy Radio Stations
A new U.S. Government Accountabilty Office study which surveyed "stakeholders" predictably concludes that some that the proposed Performance Rights Act requiring broadcast radio to pay performance royalties might force some stations to make "adjustments...
Directory: > Financial Blog Talk > News
Date: 2010-06-11

Alantic Records Ask For Fan Funding To Produce Trip-hop Album
Things must be tough over at Atlantic Records and its parent WMG. First label group president Lyor Cohen is selling his $28 million NYC townhouse and now Atlantic is asking fans to help fund an artist's second recording for the company.
Directory: > Financial Blog Talk > News
Date: 2010-05-28

iTunes Continues To Soar In Retail Music Over Amazon And Walmart
iTunes continued to be the top retailer of music with 28% of all music purchased by U.S. , up 4% since Q1 2009 according to researcher NPD. Amazon gained 3% to tie Walmart's shrinking music department for second position at 12%
Directory: > Financial Blog Talk > News
Date: 2010-05-28

SoundExchange Explains Their Unpaid Royalties To Artists
Last week, Digital Music news reported that SoundExchange was holding $200 million in unpaid royalties due to artists. ""According to IRS returns," wrote DMN. "SoundExchange was holding the bag on a 'fund balance' of nearly $260 million by the tail end of 2008.
Directory: > Financial Blog Talk > News
Date: 2010-05-28

EMI Stops Foreclosure For Another Year
Several sources are reporting that Guy Hands will tell Citi this week that a $105 million pounds ($155 million U.S.) payment will be made to stop the lender from foreclosing on EMI at least through March of 2011.
Directory: > Financial Blog Talk > News
Date: 2010-05-14

Financial Losses Continue To Grow At Live Nation
(Updated) Losses grew at Live Nation last quarter as the company absorbed the cost of its January 25th merger with Ticketmaster, a drastic drop in income from Tickets Now and faltering concert attendance.
Directory: > Financial Blog Talk > News
Date: 2010-05-14

Apple Buys Siri To Secure Mobile Web
Back in February I said that if you miss Siri you will miss the future of the Web. Well, Apple did not miss the future of the Web.
Directory: > Financial Blog Talk > News
Date: 2010-04-30

we7 Makes Ad-funded Music On Demand Work
UK music streaming service we7 has it's first month where on demand music was paid for in full by advertising.
Directory: > Financial Blog Talk > News
Date: 2010-04-30

SoundExchange Sees Huge Financial Gains in Q1
SoundExchange sent out checks for nearly $52 million to artists and rights holders in the first quarter of 2010 marking a 25% increase from any previous quarter.
Directory: > Financial Blog Talk > News
Date: 2010-04-16

Venture Capital Gains Against Private Sector Slump
Venture capital funds in the United States have performed better during the first quarter of 2010. U.S. venture capital funds raised $4.1 billion from 34 funds during the initial three months of the year.
Directory: > Financial Blog Talk > News
Date: 2010-04-16

Jamendo Gains Financial Support From MusicMatic
"After months of uncertain search for a new investor, the company has finally been purchased by one of its clients," exiting Jamendo executive Patrick Haour told Hypebot back in February.
Directory: > Financial Blog Talk > News
Date: 2010-04-16

The Orchard Reports Strong Revenue Growth
Despite increasing downward price pressure in the sector, The Orchard reported strong revenue growth for the quarter ending December 31st 2009 as well as the entire year.
Directory: > Financial Blog Talk > News
Date: 2010-04-02

Twitter Music Service Up for Grabs
Popular Twitter song sharing service Song.ly is for sale on Flippa for just $50,000. In fact the minimum bid is Just $15,000. That seem really low for a site had a great domains...
Directory: > Financial Blog Talk > News
Date: 2010-04-02


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