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.
A study by comScore revealed that nearly 40 percent of the Japanese online population visited an entertainment site in August. Yahoo! Music led as favorite with 7.3 million visitors, followed by Sony Connect with 3 million visitors, and Sony BMG Music Entertainment with 2.7 million visitors. Sonny Connect is expected to drop.
A lot of people are talking about how a weak economy is affecting advertising revenues and from my experiences this is definitely the case. However, because advertising is suffering some journalists also expect that to have an effect on ad-supported music startups, such as Spiral Frog.This is definitely not the case, mainly because they provide royalties as a percentage of their revenues.
For Spiral Frog that have now reached a new milestone in terms of their catalog size, over three million songs are now available through their service.Music videos for download also increased to almost 5000 and registered users have grown to 2.3 million according to the company.
SprialFrog believes this is the largest total number of registered users on any legal, free music download site, but offered no details as to how active the users are.
According to Joe Mohen, founder and chairman, “With the current economic turmoil and the potential threat of a recession looming, the offering of free music is very attractive to budget conscious consumers.” SpiralFrog’s biggest competition isn’t paid downloads, however, it’s free pirated mp3′s via P2P. It is also unclear how the economic downturn will effect the advertising revenue that all ad-supported sites require.
Currently for RouteNote we are in the stage of purchasing advertising for the site, both online and offline. This brings us to the point of asking the question “where do you musicians hangout online?” Im trying to build a list of possibly places in which to advertise our service to musicians who will actually really benefit from what we are trying to achieve.
Currently I have several options, but not sure which resources would be the most appropriate. If anyone has any suggestions it would be greatly appreciated and any feedback on my suggestions would also be great.
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