When Vevo launched its ad-supported music video platform two years ago, streaming was sluggish for a few days. The kinks were quickly worked out, and Vevo has since become the best example of how advertising plays into the future of the music business. Globally, the company projects it will stream 3.7 billion video views per month projected for December, up from 340 million per month
The developer of file-sharing applications was found innocent of copyright infringement and unfair competition by a Spanish court on Monday. The judges in the case reportedly ruled that Pablo Soto and his companies offer a neutral technical function and found the plaintiffs are not actually in competition with the defendant.
Sony Music UK boss Nick Gatfield thinks the bottom for recorded music revenues is near -- at least in the United Kingdom. “In the next two or three years you are going to see the business coming out of the trough it's in at the moment,” he told the Guardian. Also, the Megaupload saga continues with a statement from a Google executive concerning YouTube’s decision to reinstate a controversial promotional video. And vinyl LP sales are up 36.5 percent so far this year, according to Nielsen SoundScan.
SST Records' DMCA takedown request to YouTube have resulted in bands never signed to the label -- including Lower Class Brats and Man is the Bastard -- having their videos inadvertently deleted after alleged repeat offenders had their accounts suspended.
After weeks building up to the House Judiciary Committee's vote on the controversial Stop Online Piracy Act (SOPA), the sessions finally ended with a definite maybe... Elsewhere, why Apple continues to lead Google Android in developers' new project and TargetSpot's deal with the Spanish Broadcasting System.
The Echo Nest will power Spotify’s new radio features. The improved, personalized radio function, along with apps by Billboard and other companies, are available in an update of the Spotify desktop client made available today.
Since 2011 has been the year of Facebook (at least in terms of music) it seems only fitting there are two more good bits of Facebook-related news before the years closes out: Ticketfly and Nimbit. Elsewhere, the Economist's successful "Lean-Back" approach to the digital experience and Live Nation's concerted effort to become smarter (i.e. the purchase of BigChampagne).