Monday Morning Business Notes, Links
EMI Music Publishing has been acquiring positions in Broadway musicals. Chairman Martin Bandier explained that investing in the musicals -- and thus getting a share of all revenues -- is better than being limited to a licensing fee. There's more risk, too. (Read article at New York Post)
Sales of 7" singles are exptected to top 1.5 million in the UK this year. That's up from 178,000 in 2001. Why the increase? "CDs and downloads are great for mainstream sales, but vinyl still represents the very essence of music," said a spokesman for HMV. "It has a mystique all of its own and is part of the mythology of rock 'n' roll." (Read article at The Mirror)
Need to brush up on Brightcove, the online video company that just signed a deal with Warner Music Group? Here's an article. Forrester Research analyst Josh Bernoff said the company's plans "knocked my socks off." (Read article at USA Today)
Pop-laden emo band Sherwood says it will sign with MySpace Records. (Read post at Punknews.org)
R.E.M. and Van Halen will be on the next ballot for the Rock and Roll Hall of Fame. (Read article at Cleveland Plain Dealer)
[music jobs] Brand and Online Marketing Manager at The Ascot Club/Am Only; Brooklyn, NY.
Music Groups
