Wednesday Morning Business Notes, Links
Lawmakers have introduced a bill that would require satellite radio companies to compensate record labels for downloads that arise from their services. The goal, says the RIAA's Mitch Bainwol, is parity among platforms. Satellite radio, he says, should be looked at no differently than an on-demand store. "If someone gets a distribution right without paying for it, that blows a hole in the digital marketplace." XM chairman Gary Parsons calls it "a new tax being imposed on our subscribers." (Reuters)
Based on one-day sales, Hits predicts Godsmack will top next week's album chart with over 200,000 in sales. Springsteen's We Shall Overcome will be helped by strong sales at iTunes and Starbucks and is on track to do about 100,000. (Hits Rumor Mill)
Baller Status interviews Draze, who is about to debut something the website calls "he latest concept in buzz creation for an unsigned artist": the mixtape movie. The first is a cover of "Trading Places" with Draze playing Dan Akroyd's character and Jay-Z playing Eddie Murphy's character. (Baller Status) The movie can be seen at Draze's MySpace page.
If you don't get your fill of Doomsday-for-the-music industry pronouncements from Bob Lefsetz's radio show, this summer you can listen to Marc Cuban on his weekly Sirius radio show. (Seattle P-I)
It's off to a decent though quiet start, but Sergio Mendes' Timeless (Concord/Starbucks) should finally get a boost and get in the public's eye. Mendes and the Black Eyed Peas (whose Will.I.Am produced the album) will perform on "The Tonight Show" on May 9th. They recently shot a video for the song "Mas Que Nada," and the song will be featurd in Nike commercials during The World Cup.
[music jobs] HR Manager at EMI NA; New York, NY.
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