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Beats Electronics’ “Daisy” music service has secured $60 million in funding from a consortium led by Access Industries, Len Blavatnik’s investment group, which owns Warner Music Group. In related news, Apple’s Tim Cook and Eddy Cue recently met with Beats’ CEO Jimmy Iovine on what was reported to be an informational meeting.
Warner Music Group has struck a licensing deal with Google for two music services the technology giant is launching later this summer, according to executives familiar with the agreement. Google will offer two distinct subscription services – one through its YouTube online video property and another via its Google Play platform.
STEVE ANGELLO, JUNIOR SANCHEZ LAUNCH NEW SIZE IMPRINT: EXCLUSIVE
Swedish House Mafia might be through, but its members’ solo careers are moving right along. Today, Steve Angello’s Size Records rolls out its newest project, an alliance with Brobot--the latest label from prolific dance veteran Junior Sanchez.
Guy Hands, founder and chairman of private equity firm Terra Firma, spoke rather candidly on the missteps he and his firm made in its management of EMI in a video interview posted today on Bloomberg. While he freely admits his firm’s failings, he also trumpets Terra Firma's management of EMI which he says nearly doubled the company's market share.
Despite economic challenges, independently-owned radio stations focusing on localism are finding ways to thrive.
In yet another sign of the changing media landscape, Pandora announced today that it will make what is perhaps their biggest resource other than music, their audience data, available to two media buying platforms, STRATA and Mediaocean's "Donovan" and "Mediabank" products.
Lamb of God's Randy Blythe was charged in December in Prague with causing bodily harm to another person with lethal consequences. Blythe was accused of pushing 19-year-old who had climbed onto the stage during a 2010 concert at Prague's Abaton club.
The Hawaii state Senate passed the so-called Steven Tyler Act Tuesday, a bill that seeks to protect celebrities from over-eager paparazzi by creating a civil violation if people take unwanted photos or videos of others in their private moments.
JACKSON FAMILY-AEG LAWSUIT TO GO TO TRIAL
A US judge has ruled a legal claim by Michael Jackson's mother and children against concert promoter AEG Live over the singer's death can go to trial. Jackson's family claim AEG negligently hired and supervised physician Dr Conrad Murray, who was convicted of involuntary manslaughter last November. AEG claims Dr Murray was not under its supervision and was working directly for Jackson, who had developed an addiction to strong pain medicine. The trial is due to start on 2 April.
FACEBOOK LAUNCHING CONTENT-SPECIFIC NEWS FEEDS, BIGGER PHOTOS, ADS THURSDAY
At a big press event on Thursday, Facebook plans to launch new ways to filter the news feed. These include a Photos feed of Facebook and Instagram photos, as well as a revamped Music feed of what friends are listening to, concerts, and new albums, according to multiple sources both within and close to Facebook. Larger images and image-based ads in the web and mobile feeds are coming too.
DOW HITS RECORD, ERASING GREAT RECESSION LOSSES
Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones industrial average has regained all the losses suffered during the Great Recession and reached a new high. The blue-chip index rose 125.95 points Tuesday and closed at 14,253.77, topping the previous record of 14,164.53 on Oct. 9, 2007, by 89.24 points.
OWSLA, DFA, FOOL’S GOLD TO CURATE RED BULL GUEST HOUSE AT MIAMI MUSIC WEEK
Red Bull Guest House is taking over the Dream Hotel South Beach during Miami Music Week March 21-24. The transformed locale is planning four days of curated showcases by Boiler Room, the OWSLA label (co-owned by Skrillex), Fool’s Gold, The Do-Over DFA, Body High, Boysnoize Records . The showcases take place either pool-side during the day or as Breakfast parties between 3:30-7 a.m. Music enthusiasts are welcome to tune in at www.rbmaradio.com.
SESAC CHRISTIAN MUSIC AWARDS HONOR JASON INGRAM, SONY ATV TIMBER PUBLISHING, MORE
Jason Ingram was named SESAC’s Christian Songwriter of the Year on Tuesday as the performing rights organization held its annual SESAC Christian Music Awards ceremony at Nashville’s Hillwood Country Club. Sony/ATV Timber Publishing was named SESAC’s Christian Publishers of the Year.
NYC MAYOR BLOOMBERG'S NEW HEALTH CRUSADE: TOO-LOUD EARBUDS
Mayor Bloomberg — who has already cracked down on smoking, junk food, trans fats, salt and super-sized drinks — is embarking on a new crusade: preventing New Yorkers from going deaf. Hizzoner’s health officials are planning a social-media campaign to warn young people about the risk of losing their hearing from listening to music at high volume on personal MP3 players. The $250K campaign is being financed through a grant from the Fund for Public Health, the Health Department’s fund-raising arm.
New York Post
GOOGLE PLAY OFFERING A WEEK OF DISCOUNTS AND DEALS FOR ITS BIRTHDAY
Last year Google relaunched its media and app stores under the now-familiar Google Play brand, and to celebrate the date the company is offering a number of specials and discounts on apps, movies, music, and magazines throughout the week. They range from a $15 gift card from Google+ Sign-In partner Fancy, to 99 cent movie rentals, to discounts on albums from the likes of Daft Punk and Gorillaz.
HEADLINES OF THE DAY
- Kanye Needs to Talk Like We Need Air to Breathe...
- Beliebers Turn on Their God, Want Blood...
- Barbra Streisand Has Never Been Drunk
- Taylor Swift slams Tina Fey, Amy Poehler on love life joke
- Trent Reznor: 'Computers have made it easy to make lazy music'
- Prog Rock Pioneer Greg Lake: 'Punk Is Not a Form of Music. It's a Fashion Statement.'