Monday Business Links
AT&T will offer Napster's catalog -- over five million songs -- available for wireless download next month. The service will not work with the iPhone even though the device uses AT&T for wireless service. Here's the bad news: songs will cost $1.99 each or $7.49 for five downloads per month. Slightly better news: mobile downloads come with a free-to-the-PC download. No word yet on the file format of either the mobile or PC downloads. It's good to see the growth of mobile music service, but I'd be surprised if this gains much traction. Its per-download price is not competitive for a market of sideloaders, and the service does not offer the all-you-can-eat music buffet for which Napster is known. I'm in agreement with Silicon Valley Insider: this pricing scheme is a non-starter. At the very least, this service gets AT&T up to speed with its competitors. (New York Times)
Terra Firma's Guy Hands is hoping to sell off EMI's pension fund if it can get squared away with the Pensions Regulator over contributions. (This Is Money)
Canada has set a tax of three cents for single downloads and one and a half cents for album track downloads. Personalized radio stations such as Pandora and last.fm will pay 6.8% of their subscription fees for the tax. (Radio Ink)
Live Nation is reportedly in talks to buy merchandising company Signatures Network for $50 million. The company has the rights to license and market such artists as Bruce Springsteen and U2. (New York Post)
The International Music Score Library Project, home to public domain musical works, has shut down after receiving a cease-and-desist letter from music publisher Universal Edition. (Slashdot)
An article on EMI Publishing's new digs, a renovated 65,000-square-foot former textiles warehouse in Manhattan. Roger Faxon is using this space to get a formerly fractured staff under one roof and improve the way they work. "Faxon terms the system 'neighborhoods,' designed to encourage communication and collaboration between disciplines such as licensing, copyrights, and royalties." (BusinessWeek.com)
CMJ is over. Here's a link to the New York Times' blog entries on the annual music festival. (Arts Beat)
Music Groups