Universal Music Group and fashion designer Tommy Hilfiger are reportedly in negotiations to develop fashion collections for UMG's artist roster. Hilfiger's Music and Entertainment and Sports Holdings (MESH), which formed last year, is planning to launch the clothing lines this fall. The artists mentioned in the report are Justin Bieber and The Who.
Universal Music Group is donating over 200,000 historic master recordings to the Library of Congress. UMG’s donation is the single largest gift ever received by the Library’s audio-visual division and the first ever major collection of studio master materials the Library has received.
The latest news coming out of the 2011's Consumer Electronics Show includes Time-Warner CEO Jeff Bewkes' take on the theory of cord-cutting as well as new product announcements like Rock Band for smartphones, the Ultraviolet digital rights management system for home video and Sony's new WiFi-enabled home audio system.
U.S. consumer spending on home entertainment dropped 3% in 2010, according to the movie business trade group Digital Entertainment Group. Revenue spent on packaged and digitally delivery movies was estimated to be $18.8 billion, just shy of the $19.4 billion spent in 2009.
At CES in Las Vegas, Slacker unveiled details of its upcoming on-demand subscription service to VentureBeat. No specific date for the launch was given, but VentureBeat reports it will happen in a couple weeks.