Reports last week that Apple was close to agreeing to a $3.2bn deal to acquire Beats Electronics were greeted by thunderous and opinionated mainstream media attention.
New emerging markets are fascinating. Like a real-life iteration of Russian Roulette and with similar unpredictability, those who dare play can seemingly become billionaire visionaries overnight, or lose millions and appear hopelessly out of touch.
Tapping on fake instruments and screeching into microphones connected to video game consoles has become lucrative for both the music and gaming industries. Downloadable tunes for music-based games “Guitar Hero,” “Rock Band” and “SingStar” have become as vital as iTunes itself – and one of the last ways to expose youngsters to classic rock. The genre will evolve again later this month when game publisher Activision and developer Neversoft release “Guitar Hero: Aerosmith,” the first such play-along rhythm game pegged to one music group, instead of featuring a multi-artist compilation more akin to one of those “Now That’s What I… Read more »
The urge to merge within both the recording and satellite radio industries this week reflects how tough it is to compete profitably within the evolving digital media market. Struggling satellite radio operators XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. announced a proposed $4.9 billion merger and Warner Music Group Corp. this week said it had approached Britain’s EMI Group Plc about a possible takeover bid in the latest twist in a seven-year mating saga between the two. The deals are seen as defensive reactions to an increasingly complicated digital entertainment market. “Both these potential deals in the… Read more »
During the first two weeks in January, the most popular album in the country was the soundtrack to “Dreamgirls.” But that statistic was less impressive than it might have been, because for those two weeks, “Dreamgirls” sold around 60,000 copies each week, which made for the two lowest totals for a #1 album in the history of the SoundScan era, which began in 1991. Granted, January is always a pretty slow month for album sales and releases. But around that same time, the new Fall Out Boy album, Infinity on High, leaked online and was one of the most eagerly… Read more »
Billy Joel is back home and resting comfortably after being discharged Saturday from a New York hospital where he had sought treatment last week for severe stomach pains. “He is home, and feeling good,” the Piano Man’s publicist said, adding that he sufferred from “gastro-intestinal tract distress with possible kidney stones.” The rep denied reports the entertainer had pancreatitis, which is typically brought on by the heavy consumption of alcohol. Joel decided to get the gut check after suffering extreme stomach cramps about 10 days ago, and was admitted to an undisclosed Long Island medical center not far from his… Read more »
Internet music piracy has no negative effect on legitimate music sales, according to a study released today by two university researchers that contradicts the music industry’s assertion that the illegal downloading of music online is taking a big bite out of its bottom line. Songs that were heavily downloaded showed no measurable drop in sales, the researchers found after tracking sales of 680 albums over the course of 17 weeks in the second half of 2002. Matching that data with activity on the OpenNap file-sharing network, they concluded that file sharing actually increases CD sales for hot albums that sell… Read more »
