Saturday Business Notes, Links
SoundExchange, the performance rights organizaion that collects digital royalties, released the results of a study it funded that was done by Dr. Yoram Wind, a marketing professor at the Wharton School of Business. Its finding: "Music is key to survival of satellite radio." In terms of dollars and cents, the study found subscribers would be willing to pay only $6.15 per month for a satellite service without music, as opposed to the current $12.99 per month. The study's point is clear by the end of the press release. SoundExchange wants at least ten percent of satellite radio revenues. CRB, XM and Sirius, it says, have proposed a rate of less than one percent of their total revenues for the next six years. (Read press release)
Bids for Clear Channel Communications are reportedly due in the coming days. The country's largest radio company is considering plans to be taken off the market and has hired Goldman Sachs to help look at its options. (Read Reuters article)
An article on All Angels, the "world's first female classical supergroup." Universal signed the group -- made up of four teenage girls -- to a £1 million, five-album deal. Their debut album comes out next week in the UK. (Read article at The Scotsman)
Warner Bros. Nashville will sign the winner of "Nashville Star 5." The lastest season of the country "American Idol" starts January 11th. (Read article at Reality TV Magazine)
Hypebot interviews a Tarek Al-Hamdouni of J Records to find out about the label's online marketing efforts. Read parts one and two.
RIP Gerald Levert. (Read AP article)
[music jobs] HR Manager at EMI NA; New York, NY.
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