In this edition of Alex Pham's Digital Notes: Madonna is the latest established artist to use BitTorrent; Brian Frank leaves Beats Music to join Warner Bros. Records; Linkin Park's Mike Shinoda announces the band's latest single as an exclusive stream on Xbox Music; and Giggem wanted to be the LinkedIn of the music industry.
Audiosocket, a music licensing company, has signed a deal to provide SourceAudio with a new fingerprinting technology aimed at reducing the growing number of conflicts over copyright ownership on YouTube. The conflicts have been characterized as inadvertant at best and, at worst, a land grab as copyright owners rush to capture a piece of YouTube's rapidly growing revenue pool.
In a Tweet (what else?), the Silicon Valley micro-blogging service said it had filed papers with the U.S. Securities and Exchange Commission outlining a proposal to sell shares in the company on the open market. Those looking for details of its planned offering will be disapponted as the documents were submitted "confidentially," the company said.
Social music service Turntable.fm has switched off uploading song feature to cut costs. The company also announced it will shut down its months-old fledgling social radio service, Piki, in order to focus on its core online social DJ service. The move highlights the difficulties faced by music startups, especially ones that rely on licenses.
Maker Studios, a network of independent YouTube channels, closed $26 million in financing, bringing the total amount raised by the four-year-old start-up to more than $70 million. The additional funding will allow Maker to fuel its plans for international expansion.