Band Metrics: Soon To Launch Analytics Tool for Bands Get Angel Funding

There has been a lot of talk recently about music startups. iLike is on the table and looking for a buyers, as is Imeem. A couple months ago Tunecore received more funding and now it is rumoured that Band Metrics has received angel funding.

Funding was led by Allen Graber, who is a technology investor and entrepreneur. Band Metrics was a Techcrunch 50 2008 semi-finalise, and this is a great step forward for their company. Band Metrics provides a first-of-its-kind semantic web application for the music industry that collects, analyzes and displays artist’s dynamic popularity. The company’s music intelligence and analytics are achieved through patent pending technology which assists artists in understanding large amounts of data relative to their music, fans and shows, while also helping them manage their digital identity.

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

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 to purchase iLike is Facebook, who recently got nocked back to purchase Twitter. iLike currently has one of the most popular Facebook apps, attracting about 5.4 million active users per month, but a pure stock play is likely to go over as well as it did with Twitter.

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

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 and beats.

There are 3 different apps available in the iTunes store.

Ministry of Sound version – iDrum: Ministry of Sound Anthems

Club edition – iDrum Club Edition

Hip-hop edition – iDrum Hip-Hop Edition

The prices vary depending upon your country, but check it out!!

Warner Music Group Reports Higher Profits on Lower Sales for

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.

  • Wmg 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 or 5% on a constant-currency basis.
  • 2008 digital revenue rose 39% to $639M or 18% of total. Q4 digital revenue was $167M or 20% of total revenue up from $166M in the third quarter of fiscal ’08 and up 28% from the prior-year quarter. Full-year 2008 digital revenue rose 39% to $639M or 18% of total revenue.
  • Operating income from continuing operations declined 20% to $66 million.. in the quarter compared to $83 million in the prior-year quarter. Prior quarters had benefited from a $17M legal settlement and been dragged down by whopping $9M in expenses during the failed aquisition of EMI.
  • Operating income before depreciation and amortization from continuing operations fell 8%. (more)

WMG’s saw revenue fall 3.7% with weakness in the U.S. offset by sales in Japan, France and Italy. Major sellers included Metallica, Kid Rock and Mariya Takeuchi.

Sources: Billboard, MusicAlly, Hypebot

Universal Music Group Partners With Meebo for Ad-Supported Videos

Universal 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.

MeeboThe 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 days this seems to be turning around. 360 deals are coming to the floor and new revenues streams need to be found and nurtured.

Japans Internet Music Market Saw Healthy Growth in Q3

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 the July to September period, down 3 percent compared to the same three months of 2007, while revenues grew 11 percent to ¥22 billion, the Recording Industry Association of Japan (RIAJ) said. The group collects data from most of Japan’s major music publishers.

Growth was strong in the Internet download portion of the market where downloads jumped 30 percent to 10.6 million and revenue surged 49 percent to ¥2.3 billion. The relatively new music video download market more than doubled in size but was still small at 391,000 downloads.

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

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 Apple’s iTunes.

Nokia Launches Digital Music Store In Italy

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 In eTaly, Wondermark and with local record labels such as Sugar, Carosello, Universo, Edel.

Nokia Music Store focuses on the local market, strongly associated with the consumer, as more than *54% of the music that is sold in Italy is local.

Source: Dailymobile.se

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

Universal

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 they seem very surprising to me.

  • $3.97 billion revenue for first 3Q’s of ’08
  • + 3.5% without currency fluctuations
  • + 33% for digital sales which “”more than offset” lower CD sales
  • Earnings 21.8% to $516M before deduction of interest, tax and amortization
  • Net is lower due to restructuring costs
  • Full press release