Thursday Business Links
RealNetworks reported record revenue of $129.4 million in Q1 2007. Music revenue increased 18% year over year. Page six of the statements of operations shows the real story: Less $61 million from the company's anti-trust settlement with Microsoft, adjusted net income was flat at $10.4 million. In Q1 2006, only $40 million in settlement money hit the income statement. This Seattle P-I article says the company now boasts "24.6 million paid subscribers to its music and online radio services." If memory serves, Rhapsody had only 2.4 million a few months ago, so I'd like to see those subscriber numbers broken out. (Press release and PDF of statements of operations)
Koch has launched a label services division to offer marketing services to labels. (Billboard.biz)
Warner Music Group will try out a new physical format called MVI -- for Music Video Interactive -- that is a DVD with a variety of digital content. The upcoming Rush album Snakes & Arrows will be available in MVI, and releases by Linkin Park and The Flaming Lips are expected to be available in MVI as well. (Digital Music News)
ARTISTdirect.com has a partnership in the UK with T-Mobile and will provide T-Mobile subscribers with exclusive media content like downloads, videos and photos. The deal could get ARTISTdirect "more than $1.0 million for a one-year period." (Press release)
[music jobs] Brand and Online Marketing Manager at The Ascot Club/Am Only; Brooklyn, NY.
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