ReDigi's technology for selling used digital music files was found to be in violation of copyright law. The company claims a newer version of its technology will pass muster. Either way, the resale of digital goods may be here to stay.
Had Neil Sedaka and Howard Greenfield looked at the RIAA's latest industry numbers, they may have written the song "Breaking Even Is Hard to Do."U.S. recorded-music revenue dipped 0.9% in 2012 after rising a slight 0.3% a year earlier, according to RIAA year-end data. Total recorded-music revenue was $7.07 billion in 2012, down from $7.13 billion in 2011.The most compelling storyline from the rep
Spotify has yet to launch in an Asia or Latin America market but is hiring the staff required to operate in two markets in each regions. The company currently has job openings posted at its website for numerous positions in Hong Kong, Singapore, Brazil and Mexico.
On-demand music subscription service Rdio announced the launch on Wednesday of Vdio, a video service that streams movies and TV shows. Vdio (pronounced vee-dee-oh) becomes the first video service offered by a standalone company that also offers an on-demand music subscription service.
U.S. consumers purchased more new cars in March than any month in nearly six years -- and that's good news for the music business. A healthy automobile market will mean more consumers will adopt the music products and services that are now integrated in automobiles.
Even though CD revenues have fallen sharply over the last ten years, most predictions about the format have been wrong. The CD's decline, while painful to companies, has been far more gradual than precipitous. To wit: of the 969,000 units sold of Justin Timberlake's "20/20 Experience" in its first week of release, 53% were CDs, according to Nielsen SoundScan.