Report: EMI Licensing Talks With Sony, Universal Fall Through

By
Mark Hefflinger
-
0

London – EMI has failed to secure a deal to license its
catalog to fellow major record labels Sony Music or Universal Music in a bid to
raise funds needed by parent company Terra Firma for a loan repayment, Reuters
reported, citing sources.

One source told Reuters the deal was "too
complicated for the two sides to agree," while another said the terms
offered were "not acceptable."

Terra Firma has said that it needs
about $150 million to make a loan payment and stave off a takeover of EMI by
Citigroup, which helped finance its $3.6 billion acquisition of the label in
2007.

Reuters cited sources saying that Universal was in talks on paying around
$300 million over five years for a license that would have given it the rights
to market and distribute EMI’s catalog in the U.S.


But, with these prospective deals
apparently kaput, Terra Firma now has until mid-June to find new funds from
investors to maintain control of EMI.

 

Related Links:
http://www.reuters.com/article/idUSTRE62U2LK20100331

http://snipurl.com/v6gx5
(DMW previous coverage)

http://www.emi.com

Eventbrite Gets Investment From Yelp CEO

By
Mark Hefflinger
-
1

San Francisco – Eventbrite, a provider of online event planning and
invitation services, has received an investment from Yelp CEO Jeremy Stoppelman,
PaidContent reported.

The amount of the investment was not disclosed.

Founded
in 2006, San Francisco-based Eventbrite says it has logged over 5 million
registrations to date, while users are on the service promoting over 10,000 new
events every month.

The company previously raised a third round of funding in
November, led by Sequoia Capital — saying at the time that it has raised over
$8 million to date.

 

Related Links:
http://snipurl.com/v6ggf
(PaidContent)

http://www.eventbrite.com

Deadline.com Poaches Hollywood Reporter's TV Editor

By
Mark Hefflinger
-
0

Los Angeles
– Mail.com Media Corporation’s Deadline.com entertainment industry news site
announced on Tuesday that it has hired Nellie Andreeva, TV editor at The
Hollywood Reporter, to cover the television industry. Andreeva will report to
Nikki Finke, Deadline.com’s general manager and editor-in-chief. Deadline.com
has also recently hired journalists to be based in New
York and London.


 

Related Links:
http://snipurl.com/v61p1

http://www.deadline.com

DirecTV to Launch ESPN 3D Channel in June

By
Mark Hefflinger
-
0

El Segundo,
Calif. – Satellite TV provider DirecTV (NYSE: DTV)
said on Tuesday that it will add the ESPN 3D network to its lineup in June. ESPN
3D will offer minimum of 85 live sporting events in its first year, including
up to 25 World Cup matches, the X Games, ACC Championship, BCS National
Championship, college basketball and NBA games. DirecTV said it will also offer
N3D, a channel from Panasonic delivering 3D content from a range of producers,
in addition to a 3D pay-per-view channel and a 3D DirecTV on Demand channel in
June.


 

Related Links:
http://snipurl.com/v6144

http://www.directv.com

Time Warner Cable Offers YES Network Live Yankees Streaming

By
Mark Hefflinger
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0

New York
– YES Network, a regional sports network that has the rights to offer live
streaming of New York Yankees baseball games, has signed a deal with Time
Warner Cable (NYSE: TWC), Multichannel News reported. TWC customers will be able to watch
live, in-market games on computers or portable devices for $69.95 for the full
season, or $19.95 per month.


 

Related Links:
http://snipurl.com/v612f
(Multichannel News)

http://web.yesnetwork.com

Billboard Debuts Digital Sales Charts for 21 Music Genres

By
Mark Hefflinger
-
1

New York
– Billboard magazine has launched a new series of digital music sales charts,
which will track the top songs in 21 specific genres based on Nielsen SoundScan
data. "The digital genre rankings are a great way to drill down beyond the
overall top-selling download titles to see which songs and artists are the
hottest in a multitude of specific genres," said Silvio Pietroluongo, Billboard’s
director of charts.


 

Related Links:
http://www.billboard.biz/bbbiz/charts/currentsingles.jsp

Sweden's Aspiro Submits WiMP Music App for iPhone Approval

By
Mark Hefflinger
-
0

Stockholm
– Aspiro Music said on Tuesday that it has submitted a streaming music
application to Apple for approval for distribution in the App Store for the
iPhone. The WiMP streaming service, currently offered in Norway on computers and Android-based
phones, offer unlimited access to millions of songs and offline access for 99
kroner ($13.61) per month.


 

Related Links:
http://snipurl.com/v61gv

http://www.wimp.no

Facebook to Replace "Become a Fan" with "Like" Button

By
Mark Hefflinger
-
0

Palo Alto,
Calif. – Facebook plans to remove
a button that allows users to "Become a Fan" of businesses, instead
replacing it with a "Like" button, the company wrote in a memo to
advertisers, published by the blog All Facebook.

The company said that the move
is "part of a larger effort to improve user experience, increase
engagement and promote consistency."

It is not yet clear whether users of
the site will still be able to become fans of non-businesses, such as
entertainment figures and productions.

Facebook called the action of clicking
"Like" a more "light-weight" way for users to connect with
a business, and expects the move to spur more connections across the site.

 

Related Links:
http://snipurl.com/v606a
(All Facebook)

Digital Due Process

By
Mark Hefflinger
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0

Digital Due Process

By
Mark Hefflinger
-
0
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