The NY Post reports that Citigroup is close to the sale of record company EMI. The deal reportedly splits the company in to, with recording artists going into one, and it’s publishing arm sold separately in a deal estimated between $3.3 to $3.5 billion.
For the last 2½ years, Bill Armstrong, co-founder of local rock label SideOneDummy Records, has been working on a side project. His vision was to create a website for independent labels to give away free music.
At L.A.’s Digital Music Forum last week, Anu Kirk, a product lead at digital music service MOG, shared some bad news for musicians adapting to the current state of the music industry: “It sucks,” he said. “It sucks that right now that artists are getting paid so little money by subscription services, but it sucks that artists are getting paid so little money by everyone.” Tell the artists something they don’t know. The music industry has long been in decline, and even as a proliferation of new subscription music services have hit the market–Spotify, Rhapsody, Rdio, to name a few–it… Read more »
Google and Amazon had also pitched to secure The Beatles rights for their own digital music stores, according to industry sources.
Rich Cronin, the former frontman for boy band LFO, known for the 1999 hit “Summer Girls,” died September 8 of leukemia. He was 35.
Josh Madden is heading to Chicago to DJ some shows at Lollapalooza 2010. However on tonight’s show, he’s bringing you the music from the cancelled Lollapalooza 2004 festival. Tune in at 8pm EST every Thursday nights for First Person with Josh Madden – only on idobi Radio.
Stuart Cable, the drummer and founder member of the rock band Stereophonics, has been found dead after a marathon drinking session at his home in south Wales.
The iPad is already having a wide-ranging effect on businesses even before its release, with major media outlets changing the way they build Web sites to accommodate Apple’s tablet.
The mood inside the Sound Academy was tense. Two bands on the Snocore Tour had already canceled their sets, the loudspeaker was playing songs on repeat, and instead of the first band starting at its scheduled time, a confused-looking roadie walked across the stage and babbled away on his cell phone.
For anyone with an iPhone at last year’s South by Southwest Interactive Festival, the memories of slow, or nonexistent, coverage on AT&T’s network are something that will likely last for some time.
