October 28, 2006

• The Future of Music Coalition filed comments in the FCC's broadcast ownership proceeding. Its stance: "Large station groups do not offer more format variety." For the long version, read the executive summary and/or the 19-page PDF.

• Victory Records will make its catalog available at eMusic starting October 31st. (Read article at Billboard.biz)

• Analyst Simon Wallis finds some positives in the EMI accounting fraud. The drop in share price exceeded the per-share impact of the restatement, which presents a good buying opportunity. Also, he believes it could have opened a door for Warner Music Group to bid on EMI. (Read article at The Independent)

• Should YouTube worry about lawsuits from media companies? Not really, wrote Columbia law professor Tim Wu. How so? In the '90s, he wrote at Slate, the Bell companies lobbied against Hollywood's requested reforms. The result was the Online Copyright Liability Limitation Act, part of the Digital Millennium Copyright Act of 1998. Section 512 (c), he claims, is the Magna Carta of Web 2.0 because it provides web companies a safe harbor. Copyright content hosted unknowingly by those companies falls under "tolerated use," a cousin of "fair use." Further, it gives media companies the dual benefits of exposure and control (in the form of "notice and take down" requests). (Read article at Slate)

• FoC Alec Hanley Bemis interviewed Pedro Winter, manager of Daft Punk and owner of Ed Banger Records. "We sell between 2,000 and 4,000 vinyls — a small amount, but still a good score for vinyls when you can’t even find record stores. They are all closing!" (Read article at LA Weekly)

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Posted by Glenn at 11:00 AM | | | EMI | EMI WMG Merger Talk | YouTube | eMusic

[music jobs] Brand and Online Marketing Manager at The Ascot Club/Am Only; Brooklyn, NY.