iLike: Music Recommendation Service Is Up For Sale, Ticketmaster and Facebook Interested!

November 26th, 2008 by Finchy Posted in Digital Music News | No Comments

It has been reported over at Paidcontent that music startup and recommendation service iLike is on the block for sale. Currently there are several companies interested in iLike, such as existing stakeholder Ticketmaster and online music pioneer RealNetworks.
iLike has already raised about $16 million in funding since its launch in 2006. Additionally, in the mix [...]

Ministry of Sound releases iDrum Anthems app for iPhone or iPod Touch

November 25th, 2008 by Finchy Posted in Digital Music News | No Comments

Previously here on RouteNote we have talked a little about musical iphone or ipod touch applications such as the Ocarina, and here is a new one, the iDrum.
The iDrum lets users remix a bunch of classic club tracks with more than 300 samples to play with, tapping the screen to build up layers of bleeps [...]

Warner Music Group Reports Higher Profits on Lower Sales for

November 25th, 2008 by Finchy Posted in Digital Music News | No Comments

Even though there has been a big decline in CD sales, which is expect to continue, Warner Music Group managed to actually meet analysts’ expectations and remain strong.

2008 fiscal year revenue grew 3% to $3,491M, and declined 2% on a constant-currency basis. 34 revenue totaled $854M a decrease of 1% from the prior-year quarter [...]

Universal Music Group Partners With Meebo for Ad-Supported Videos

November 25th, 2008 by Finchy Posted in Digital Music News | No Comments

Universal Music Group and Meebo have partnered with relation to adding ad-supported videos to Meebo. The partnership launches with Kanye West, Ludacris and The Killers.
The deal is similar to ad revenue sharing deals that many major labels have with YouTube and others. Until recently, most record labels viewed artist videos as promotional, but now [...]

Japans Internet Music Market Saw Healthy Growth in Q3

November 25th, 2008 by Finchy Posted in Digital Music News | No Comments

Japan’s Internet music market saw healthy growth in the third quarter of this year but a collapse in the once-mighty ringtone market led to mixed results for the cell phone sector of the country’s digital music industry, according to figures released on Friday.
Total downloads over the Internet and on cell phones totalled 118 million during [...]

Myspace Music Will Announce Courtney Holt As CEO As Early As Today

November 24th, 2008 by Finchy Posted in Digital Music News | No Comments

Courtney Holt, an MTV exectuive, is rumoured to be named as the new president of Myspace Music as early as today.
MySpace Music is the digital music service formed by News Corp. and the four largest recording companies. Some observers say that MySpace, with a well-established history of offering music, could emerge as a competitor to [...]

Buzznet: The Music Community Have Laid Off 15% of Their Staff

November 24th, 2008 by Finchy Posted in Digital Music News | No Comments

There has been a rumour that 10 out of the 89 employees at Buzznet have been laid off. Thus, 15% of the Buzznet staff are leaving. Is this because of the economic downturn?
I found it interesting that all this was done on a Friday, not good timing from an employee point of view.

Nokia Launches Digital Music Store In Italy

November 22nd, 2008 by Finchy Posted in Digital Music News | No Comments

Today Nokia has announced the launch of its new Italian digital music store, http://music.nokia.it. Nokia has already been able to grab 4 million songs for its catalogue.
Nokia has signed agreements with Universal Music Group, SONY BMG ENTERTAINMENT, Warner Music Group and EMI Group, and independent record labels and aggregators including, The Orchard, IODA, Kiver, Made [...]

Universal Music, Are They Starting To Adopt Digital Business Models Correctly?

November 22nd, 2008 by Finchy Posted in Digital Music News | 1 Comment

In the last year or so it has been tough times for the major record labels. The majors have not really been moving into the digital as fast as they should, whilst at the same time not understanding the digital business models.
Whilst this still remains the case Universal have released their lastest quarters results, and [...]

We7 Launches Out of Beta With New Design and Added Features

November 21st, 2008 by Finchy Posted in Digital Music News | No Comments

After spending months in public beta and lots of changes to the ad supported music service, We7 is about to launch out of beta with a bang.
We7 have launched with a “Big Listen” campaign. This new service has some great new features including Free on-demand, unlimited access to full tracks and albums, “Search, Click & [...]