TechCrunch reports an offer from Dimensional to buy all outstanding stock of our digital music distribution competitor The Orchard, whose operation currently has offices in 25 countries, and is losing $17.5 million dollars a year. The purchase offer is for $2.05 per share of common stock, valuing the company at $12.8 million, about 28% of their annual revenue of $45 million. Rumours also abound of a merger between The Orchard and eMusic, which would see the vertical value chain completed, from artist to store – seemingly a simple and sensible synergy, but since eMusic is also rumoured to be for sale predicting where the chips will fall may be difficult. Private owners of The Orchard will have a lot of cost cutting to do whatever the case, so look to see a lot of those international offices closed down, and a consolidation of revenue streams and staffing before long.
An update to the iOS, Android and web apps now present album arts on artist pages in a larger grid view over the previous list view.
For the first time in 11 years a British artist takes the No. 1 spot on Australia’s most coveted annual music poll.