Monday Business Links
A Sunday Times report says EMI is "braced to receive a fresh bid" from Warner Music Group and expects some bids from private equity groups. (Forbes.com)
eMusic president and chief executive David Pakman on talks with Amazon.com: "I can confirm there are no talks right now with any strategic buyer. The company's not for sale. The company is in no need of financing, and our growth is off the charts. We've talked to every media company on the planet, we've been approached by everyone. The company has had 100% year-over-year sequential growth for the last three years." (Forbes.com)
Music-centric video games are, says a Warner Music Group exec, "one of the few places we've seen in the sweet spot of what consumers want to do with music today, which is interact with it." (Billboard)
An odd prediction by RoyaltyShare CEO Bob Kohn: Removing DRM will double or triple the size of the music download business. I think that's odd because even with DRM, the download market will double in (roughly) the next 18 months (it's on pace for over 60% annual growth for 2007). Kohn supports dropping DRM but wants to continue to ban the legal sharing of DRM-free tracks (I wonder where that would leave the Zune?) and the posting of such tracks on web sites (which is already a no no that has spotty enforcement). (MusicDish.com)
Here's a different way to release an album: Rancid's Tim Armstrong is releasing a solo album and giving it away for free -- but not all at one place -- before its official release date. Fans will be able to hunt for the ten tracks (two of while were already released on the Internet) on Rancid-related websites and MySpace pages. (Harp)
Music Groups