| AEG SALE LIKELY TO ATTRACT L.A. CONSORTIUM BID: The announcement that s ports and live-entertainment giant AEG is for sale for a reported $7 to $8 billion, has prompted speculation about who might buy the giant promoter. While foreign investors and/or media companies are possible, those close to the situation believe an L.A.-based consortium is likely for at least partial ownership, along with financial institutions.
WHAT IS ITUNES' U.S. MARKET SHARE? IS GOOGLE PLAY DISAPPOINTING? The NPD Group released a report that said iTunes had 64% of U.S. digital download sales and a 29% of overall sales in the Q2 The figures came from NPD's consumer panel data of two million consumers that tracks everything from music purchases to awareness of digital music services. But the numbers don't pass the sniff test. There's more Google Play news in the report Whether it's good or bad is open for interpretation.
UNIVERSAL MUSIC-EMI DEAL SET FOR EU APPROVAL FRIDAY: Tomorrow, the music business news black hole -- otherwise known as the seemingly-endless EU regulatory approval process of the UMG-EMI merger -- looks to finally come to an end as projected. The Wall Street Journal, citing "people familiar with the situation," reported that the deal will finally be approved this Friday. As has widely been speculated, UMG will have to pay a hefty price: some 60% of EMI's European business, according to the report. Next up? The U.S. Federal Trade Commission.
Wall Street Journal
P!NK, 'CRUEL SUMMER' ALBUMS HEADING FOR TOP OF NEXT WEEK'S BILLBOARD 200 CHART: Pop superstar P!nk has yet to earn a No. 1 album on the Billboard 200 chart. But that may change next week, as industry sources suggest the diva's latest release, "The Truth About Love," may bow atop the list. "The Truth About Love" may fend off the advances of the Kanye West-presented "Cruel Summer" compilation. Who else is on course for a top 10 debut? Find out...
THE ROLLING STONES ROLL OUT GLOBAL 3D AUGMENTED REALITY CAMPAIGN: The Rolling Stones, ABKCO Music, Universal Music and Aurasma have launched an g lobal campaign in 50 cities across the world with 3D augmented reality technology for the band's GRRR! Greatest Hits album. Spanning five continents, 50 cities and 3000+ locations, buildings including landmarks such as Big Ben in London, New York's Empire State Building and Tokyo's Skytree have been tagged with a variety o f virtual 3D gorillas 'King Kong style', modeled on the GRRR! album artwork, making it the biggest global augmented reality music campaign to date.
VENTURE CAPITALISTS OFFER UP $2.1 BILLION IN FUNDING IN Q2: Corporate venture capital funding was on the rise during the second quarter of 2012. Research firm CB Insights, which provides quarterly data on venture capital investments, revealed today that a total of $2.1 billion was offered up to startups during the second quarter in just 118 deals. The total invested capital nearly doubled the first quarter's $1.09 billion in investments. Where is that cash going? According to CB Insights, Facebook's $1 billion acquisition of Instagram prompted corporate venture capitalists to flock to the mobile space, where investing there hit a five-quarter high of $146.7 million.
AMANDA PALMER TO START PAYING CROWDSOURCED MUSICIANS: Amid a backlash from musicians, unions, and disgruntled onlookers, Amanda Palmer announced today via her website that she will pay the auxiliary horn and string players that have volunteered to guest on her Theatre Is Evil tour in cash, in addition to the previously promised hugs, beer, and, of course, love.
CASH MONEY SIGNS ORLANDO RAPPER CASKEY: Orlando-based rapped Caskey has inked a deal with Cash Money/YMCMB which will also publishing and merchandise. In April, the 20-year-old MC dropped his No Complaints mixtape, which caught the ear of Cash Money collaborator and producer DJ Nasty, which eventually landed on the desk of Baby. " The minute that Caskey walked into our first meeting, I knew he was a star," Birdman said in the release. "There was no seconds thoughts. It was clear from the minute he opened his mouth, the white boy could rap and had that star quality."
ROKU ANNOUNCES PLAY ON FOR STREAMING MUSIC: Roku, the streaming entertainment company, just announced a significant update to its mobile app. The major new feature is called "Play On," which lets you stream music and photos stored on your phone or tablet straight to your Roku. It's Roku's answer to the Apple TV's AirPlay, except it works with both Android and iOS devices. The company also announced a $99 Streaming Stick coming in October for $99 and that its Roku 2 boxes will get a Vudu app.