Can lost relevance be recaptured? MySpace is going under the knife once again - for the fourth time - with another music-oriented facelift underway. "We're hard at work building the new MySpace, entirely from scratch," the site promises.
Surprise: Trent Reznor has just inked with Columbia (Sony Music Entertainment), specifically around his group How to Destroy Angels. The label will handle the next series of releases. "Regarding our decision to sign with Columbia," Treznor wrote on Facebook, "independent releasing has its great points but also comes with shortcomings."
Songs Music Publishing founder and CEO Matt Pincus has just been named to the ASCAP Board of Directors.
And, New York-based DEV has just added Val Katayevand John Ason as Advisors to its early stage media and entertainment fund. Both will vet potential portfolio companies and develop the broader business.
Elsewhere, hip-hop producer Bryan Leach has received a two-year prison sentence on a gun possession charge. Leach was pulled over in New York in 2010, and found carrying a handgun loaded with hollow-point bullets.
Add them to the list: Boz Scaggs and REO Speedwagon are the latest legacy artists to file legal action for higher digital royalties. Both are suing Sony Music Entertainment to recategorize digital assets from sales to licenses, a move that shifts rates from roughly15 percent to 50 percent.
Drop, bucket? BitTorrent, Inc. has counted 124 million legitimate music downloads through the BitTorrent protocol during the first half of 2012. "What this statistic shows very clearly is there's a lot of good, legitimate content in the BitTorrent ecosystem that is adding value to the careers of the artists and publishers who decided to release their work using the protocol," BitTorrent Inc. executive Matt Mason told Torrentfreak. Then again, the broader number of illegal downloads is undoubtedly a numbing figure.
Music Hackday is cooking some European dates ahead. Reykjavic, Iceland is slated for October 27-28th, while Music Ally reports a London shindig is also in the works.
There will be blood, but not necessarily a bath. Post-approval, UMG emperor Lucian Grainge is still calling for combined savings of roughly 100 million pounds ($162.2 million), despite massive regulatory concessions. That includes plans to boost A&R staffers, though Grainge has admitted that layoffs will be part of the picture. "There will be job losses," Grainge recently confirmed. "I can only grow this business by making savings and investing in the product – the artists and the music."
Written while listening to JJAMZ.
Casey Tuesday, September 25, 2012
If only Myspace had all their music legally licensed. Last time I was on there they had songs from artists known not to license to on-demand websites. They can't tell me they magically got the licenses.