All of a sudden the Internet radio marketplace just got a lot more competitive...and social. Myxer, a new market entry, has unveiled its new Myxer Social Radio, a free Internet radio service with an emphasis on social features, that is being shown today at the Digiday Mobile conference in New York.
Online music service Grooveshark has signed up four new labels for licensing deals: 101 Records, Nacional Records, Paper Garden Records and SMC Entertainment... Facebook Credits are expected to be a $470 million-a-year business in 2011, according to a new report by eMarketer... Facebook’s f8 conference is the dominant news item this week, but Google has broken into the news stream this week by announcing nine new product features to its Google+ social network... and more.
Facebook is responsible for at least 182,000 U.S. jobs worth between $12.1 and $15 billion in wages and benefits, according to a new University of Maryland study. In a paper titled “Facebook App Economy,” Il-Horn Hann, Siva Viswanathan and Byungwan Koh of the University of Maryland School of Business attempt to quantify the economic impact of not just app-related employees but also the indirect beneficiaries of their incomes.
Spotify is defending its benefit to artists and labels as another metal label, Prosthetic Records, is pulling its catalog from the cloud-based music service. Also, Best Buy's stock is down more than 26%; a study shows customers are not tiring of daily deals; and MySpace's new site is delayed until later in this fall.
An appeals court has reinstated the $675,000 award against file-sharer Joel Tenenbaum, reversing the decision of a lower-court judge to reduce the penalty on constitutional grounds. Reactions were mixed from the RIAA, which was "pleased" by the rulingm to the Electronic Frontier Foundation who found the verdict "disappointing."
Alumni of Leadership Music, the Nashville-basedmusic industry professionals' gropu, gathered Tuesday to welcome its Class of 2012. In attendance: Cliff O'Sullivan (Sugar Hill Records' new GM), Kent Marcus (music attorney), Ken Paulson (CEO, First Amendment Center), John Allen (Bug Music VP), Sally Williams (Ryman Auditorium GM), Brad Bissell (CAA) and Jenn Schott (songwriter) and many others.
Preroll ads shown before music videos perform quite a bit better than prerolls shown before other types of videos, according to numbers shared by TubeMogul. Also, study shows that people prefer online video over all digital music formats