Posted on October 18th, 2008 by dhirender
According to the NYPost, Mark Zuckerberg is talking to a number of song-streaming services and music community sites, including Rhapsody.com, iMeem.com, iLike.com, and Lala.com, about an outsourcing deal that would more deeply integrate their music experience into Facebook, while Facebook executives have been busy meeting major record companies about the strategy.
Apparently unlike MySpace, which traded [...]
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Posted on July 5th, 2008 by dhirender
According to a recent research by eMarketer, physical music spending is down as online and mobile formats gain momentum. eMarketer estimates that online and mobile will grab about 40% of the total music spend in 2009.
As Venture Beat notes:
The most striking fact is the prediction that by 2011, the majority of music sales, 56.5 percent, [...]
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Posted on April 12th, 2008 by dhirender
Fueled by broadband, demand for single-track downloads, piracy, expanding music catalogues and the burgeoning market for music downloads to mobile phones, digital music sales will represent an impressive 40% of all music purchased worldwide by 2012 according to this report from In-Stat. Digital sales of music represented 10% of the total worldwide music market in [...]
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Posted on April 2nd, 2008 by dhirender
Radiohead has teamed with iTunes and GarageBand for an interactive project that allows fans to rework the album’s second single, “Nude.”
Wannabe remixers can buy five separate tracks from the recording – bass, voice, guitar, strings/effects and drums – from iTunes Plus. On purchasing all five elements, the customer will be sent an access code to [...]
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Posted on March 25th, 2008 by dhirender
According to a recent report from Jupiter Research, for every song that is legally bought, about 100 songs are illegally exchanged over the Internet. This is reflected in the revenues of the major music companies, which in 1998, earned a whopping Rs 1,52,000 crore ($38 billion) worldwide. In 2008, that revenue is expected to halve [...]
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Posted on January 27th, 2008 by dhirender
Qtrax, a new legal online file-sharing service that allows fans to download songs for free, will soon launch with 25 million to 30 million copyrighted tracks with backing from major labels. The songs will be funded through advertising revenue that Qtrax will share with the music companies.
The company’s digital rights management technology will count the [...]
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Posted on January 26th, 2008 by dhirender
As consumers lose interest in compact discs and shy away from paying for the digital alternatives, the International Federation of the Phonographic Industry estimated that worldwide digital music sales rose to $2.9 billion last year, up from $2.1 billion a year earlier, which makes up about 15% of overall sales, up from 11% a year [...]
Filed under: Digital culture | 1 Comment »
Posted on January 9th, 2008 by dhirender
Taking inspiration from Radiohead who recently allowed fans to choose what they wanted to pay online for their latest album “In Rainbows,” British violinist Tasmin Little plans to give her next recording away for free as a digital download from her website in an attempt to popularise classical music.
The album, called “The Naked Violin”, will [...]
Filed under: Business, Digital culture, Trends | 1 Comment »
Posted on January 8th, 2008 by dhirender
As this article in Reuters notes, the music industry had an awful 2007 as total album sales plunged 15% to 500.5 million units, according to tracking data from Nielsen SoundScan. Online album sales rose an abysmal 2.4% to 30.1 million units and a 19% growth in 2006. The figures represent the lowest total and the [...]
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Posted on December 15th, 2007 by dhirender
With its signing of the deal to access the catalog of Universal Music Group, Imeem becomes the first social networking website to offer free unlimited songs and music videos from all the four major record labels i.e. Warner Music Group, Sony BMG and EMI.
Imeem allows members to stream, but not download an unlimited number of [...]
Filed under: Digital culture, Trends | 1 Comment »
