Saturday, May 10, 2008

Music News: 5-10-08



  • realRealNetworks shared first quarter financial reporting a decline in profit as operating expenses increased. Revenues for the quarter rose 14% in large part because of a $61M payment on an antitrust settlement from Microsoft. Real also announced plans to spin off and perhaps IPO its games division. (paidcontent)
  • Live Nation reported a $35 million first quarter loss to Wall Street. (Billboard, press release pdf)
  • who signed a deal to power AOL Radio in the US last year is now doing the same in the U.K. France and Germany.
  • This year’s class of music and music industry students are set to join an “industry in turmoil.” (Financial Times)
  • Echonest has launched “Recommend”, an API that helps music services personalize their websites to each visitor’s unique music taste. Any music website - bloggers, social networks, Internet radio or retailers - can access the Recommend API in both free and paid versions. (press release)


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