Digital Music News - Also Happening: Boyle Still Boiling, Virgin Media, HMV, Russell Simmons, Warner Bros. Pictures, In-Stat, Wall Street...

Also Happening: Boyle Still Boiling, Virgin Media, HMV, Russell Simmons, Warner Bros. Pictures, In-Stat, Wall Street...

Wednesday, December 09, 2009
by presnikoff

Susan Boyle is showing some serious staying power. In its second week, I Dreamed a Dream shifted roughly 527,000 units in the US, a quick push into platinum territory. The album also remains a chart-topping, platinum release in several countries worldwide.
Is Virgin Media ditching its plans to launch a subscription-based, unlimited MP3 download service? The ISP-driven model currently involves Universal Music Group, and a deal with EMI remains close, according to New Media Age. But other labels remain aloof, and potentially disinterested in the unlimited MP3 concept. Virgin Media indicated that the plan is moving forward.
Sarah Hughes, a former DVD buyer at Amazon UK, has now been tapped by HMV to head the online department.
Warner Bros. Pictures has tapped Paul Broucek as President of Music. Broucek will also assume stripes as President of New Line Records. Studio head Jeff Robinov noted that Broucek would helped 'evolve' the 'theatrical music operation, both from a business and a creative aspect'.
Russel Simmons' Global Grind recently purchased Celebrity Tweet.
Portable electronic device shipments are slated to gain 10 percent this year, according to an estimate offered by In-Stat. The category includes portable MP3 players, digital radio receivers, e-readers, handheld gaming consoles, and portable media players (PMPs), among other toys.
In Wednesday trading on Wall Street, the Dow (DJIA) edged upward a half-percent to 10,337.05, based on a typical soup of variables. Apple (AAPL) added 4.18 percent to $197.80, and Warner Music Group (WMG) added 1.12 percent to $5.44. RealNetworks (RNWK) surged 15.65 percent to $3.99 following a successful arbitration involving VeriSign.

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