Wednesday Business Links
Album sales were up 5% last week but were 8% lower than the same week last year. For the year, album sales are down about 16%. Digital track sales were up 2% and were up 40% year over year. For the year, track sales are up 49%.
iTunes' entry into the (possibly free) live music business will allow it to sell downloads of the performing acts at iTunes. (Hollywood Reporter)
U.K. download service 7digital has beefed up its service: DRM-free MP3s fro EMI, video downloads and online music lockers. (The Guardian)
PassAlong Networks is getting EMI's DRM-free MP3s for stores (such as Trans World's download store) powered by its StoreBlocks technology. (Press release)
At the Digital Hollywood conference, a panel discussed the "impossibility of the packaged product" and changing priorities in young consumers' budgets. (Digital Music News)
The private equity train keeps on rolling. British company Chrysalis is reportedly in talks with a private equity group over the possibly sale of its radio division, Heart 106.2. (Reuters)
Music Groups
