Friday Morning Business Notes, Links
Sony BMG got some press for using Second Life to promote its acts. Now EMI is getting into the game. Its Innocent label will use Habbo Hotel, a cartoonish social networking site, to promote boy band 365. They're certainly leaving no stone unturned. (Read article at NMA)
Apparently there's some chatter than Microsoft is considering a purchase of EMI, though one analyst calls such a deal "odd and unlikely." Agreed. (Read article at newrating.com)
Neil Gillis, formerly of Concord Music Group, has been named President/COO of Dimensional Music Publishing. (Read post at Hits Rumor Mill)
Bloomberg has hopped on the indie label bandwagon...although their market share doesn't show a huge gain in strength. "The independents have come from almost obscurity to having an immense effect on the music landscape," said a fund manager. He was referring to how Impala may have sank the Sony BMG merger. Have indies come from "almost obscurity"? I recall the same thing being said when Epitaph broke The Offspring and Rancid in the mid-'90s. Bottom line: More than market share, their strength has come from better organization toward common goals. (Read article at Bloomberg)
Digital Music Group increased its loss in the third quarter of 2006. On revenues of $1.2 million, the company lost $848,000. (Read press release)
Sony will launch a Connect download store in Canada next week. That's the last you'll hear of Sony Connect for quite some time. (Read article at Canada.com)
VNU will restructure the company into "market-focused" groups. Among the company's music-related publications are Billboard and Radio & Records, which will fall under the "music" umbrella along with Bookseller, Kirkus Reviews and The Book Standard. (Read article at Foliomag, via paidContent)
Music Groups