- The lawyer for Warner Music Group CEO and chairman Edgar Bronfman Jr. asked for the charges against his client to be dropped. The court was wrong to send Bronfman to trial “without any explanation,” he said on the opening day of the insider trading trial in Paris. (Businessweek)

-- London music executive Alan McGee on EMI: “They talk about debt, covenants and pension funds. What they never seem to talk about is the music. That’s the problem at the moment.” With all due respect, Alan, the music isn’t the problem. EMI’s issues start with its debt and trickle down throughout the company. The debt affects new signings. The debt affects artist retention. The debt affects who is hired and fired. Given the reports of artists and managers who have left or shied away from EMI due to its financial position, it’s reasonable to assume the company’s debt issues are actually impacting the content it creates. EMI has released some successful and critically acclaimed music recently. So content is not the main problem. McGee’s comment sounds like the oft heard quote, “Content is king.” Well, content is king only to the extent a company can get people to listen and purchase the content. When a company is occupied with its debt problems, content may not be either the problem nor the solution. (Times Online)

-- As Gummybear International pointed out to me yesterday, it should have been included on TubeMogul’s list of average and median YouTube streams for six top labels. The label is the home of Gummibar. The video for “Cho Ka Ka O” has 43.8 million streams and ranks among YouTube’s all-time leaders. In fact, many of Gummybear International’s 41 videos have well over five million streams. Even the 24-second video announcing Gummibar t-shirts has 175,000 streams.

-- Steve Jobs at the All Things D conference on Tuesday: “As one of the largest sellers of content on the Internet today, Apple’s lesson is price it aggressively and go for volume. I believe people are willing to pay content. I believe it in music. I believe it in media. And I believe in it in news content.” (New York Times)

-- IRIS Distribution has announced a partnership with MobBase to provide iPhone apps to distributed artists and labels. MobBase offers a platform for creating inexpensive iPhone apps that push music, photos, news and other content to fans. Chief marketing officer Bryn Boughton tells Billboard the primary benefit to IRIS labels and artists is "premium customer service," which offers more support than the automated standard service and will help them access the apps' advanced functions.

Assorted Links:
-- A substance abuse group is against giving naming rights to Raleigh’s new downtown amphitheater to Bud Light. (MyNC)
-- Universal Music Group is giving away free MP3s to users of geolation app Loopt. (Brand-M)
-- Rupert Murdoch: “What’s an iPod without music?” (mocoNews)
-- Two Canadian ministers argue it is time to update the country’s copyright law for digital media. (National Post)

Questions? Comments? Let us know: @billboardbiz

Print