Friday Business Links
EMI has opened a data room at an investment back and has asked bidders to submit offers by May 23rd. It is said that EMI chairman John Gildersleeve is running the process while Deutsche Bank and Citigroup are advising EMI Group head Eric Nicoli. (New York Post)
All those efforst to prop of the value of music and now this: Coke joins with iTunes to give away two billion songs in Europe. (Billboard.biz)
Hypebot claims to have information on Amazon.com's digital track pricing structure: Full albums for $4.99 to $8.99 and tracks from $0.89 to $0.99. iTunes has sub-$9.99 albums but they're hard to find. It would be nice if Amazon.com breaks out digital albums by price as it does with bargain CDs. Even better would be sale pricing, something iTunes does not have. (Hypebot)
The National Post has perhaps the worst take on Canda's 35% drop in CD sales: "The recording industry itself is to blame for this trend, because it imposes harsh copy protection rules on the sale of digital music." Yeah, that and about 106 other reasons, most of which relate to changing ways of listening to music. Journalists often miss the point, but usually not that badly. (The National Post)
Music Groups