Video game development

  1. Warner Music Results Beat Street View, Sales Dip

    February 05, 2009 12:00 AM EST Warner Music Group posted better than expected results on Thursday, despite falling CD sales and slower growth in digital revenue. Net profit for the fiscal first quarter came in at $23 million, or 15 cents a share, compared with loss of $16 milli ...

  2. Filmax Launches Spanish Digital Music Service

    February 03, 2009 12:00 AM EST European digital distributor 24-7 Entertainment announced its entry into the Spanish market with the launch of Filmax's music download store musica.yodecido.com. The store is powered by 24-7 Entertainment, describing it as one of "a myri ...

  3. Best Buy Taps President/COO Dunn As New CEO

    January 21, 2009 12:00 AM EST Best Buy Co. Inc. laid out a succession plan Wednesday, saying Brian J. Dunn, its president and COO, will take over this summer as chief executive of the nation's largest consumer electronics chain. The 48-year-old, who began working at the c ...

  4. MIDEM Panel Encourages Publishers To Work Together

    January 20, 2009 12:00 AM EST The international publishing summit at the MIDEM convention in Cannes, France, kicked off with ways that publishers, labels and societies can easily and more cost effectively work together. Such a move would not only benefit the music companies, p ...

  5. Report: Digital Music Sales To Surpass CD By 2013

    January 19, 2009 12:00 AM EST A study of over 4,200 online consumers in Europe has predicted digital music will have a majority stake (57%) in the recorded music market by 2013. Digital licensing is expected to generate another €1.2 billion ($1.6 million). The report, entitled ...

  6. Nokia's Ojanpera Talks Comes With Music In Cannes

    January 17, 2009 12:00 AM EST Nokia's Dr Tero Ojanpera, EVP entertainment and communities, delivered an optimistic keynote at day one of MidemNet, revealing a "breakthrough" in licensing negotiations that will enable the service to roll out across Europe in 2009 ...

  7. Microsoft Mulls Job Cuts: Report

    January 15, 2009 12:00 AM EST Microsoft Corp is considering significant layoffs across its various divisions, The Wall Street Journal reported, citing people familiar with the company's plans. But plans for the cutbacks have not yet been firmed up and Microsoft could end ...

  8. Koch, Alliance Entertainment Make Staff Cuts

    January 14, 2009 12:00 AM EST Koch Entertainment and Alliance Entertainment have made some cost cutting moves in recent days. Koch is downsizing its New York record label office and moving most of the staff out to its Port Washington, Long Island-based facility that houses its ...

  9. Strong Q4 Sales For U.K. Biz

    January 06, 2009 12:00 AM EST The recorded music market in the U.K. benefited from a strong showing in the fourth quarter of 2008, contributing to an overall volume decline of 3.2% in album sales year-on-year. Album sales fell from 138.1 million in 2007 to 133.6 million last y ...

  10. The Billboard Q&A: Universal Digital Chief Rio Caraeff

    January 05, 2009 12:00 AM EST Universal Music Group has never been shy about shaking things up in the digital music space. The company demanded a per-device payment from Microsoft before licensing music to the Zune Marketplace. It spearheaded efforts to monetize online music v ...

  11. Gov. Paterson's Digital Tax Proposal Draws Criticism

    December 18, 2008 12:00 AM EST New York State governor David Paterson's proposal to impose a tax on digital downloads has drawn criticism from some in the music industry. Paterson has proposed a 4% sales tax on downloads of music, ringtones, games, movies and other media f ...

  12. Source Interlink Reports $36.6M Quarterly Loss

    December 10, 2008 12:00 AM EST Source Interlink, the parent of Alliance Entertainment, reported a $36.6 million loss, or 70 cents per diluted share on sales of $591.7 million in the three-month period ended Oct. 31. That compares with a $4.5 million loss, or nine cents per shar ...

  13. Malaysian Biz Set For Digital Revenue Boost

    December 09, 2008 12:00 AM EST The Recording Industry Association of Malaysia (RIM) forecasts digital revenue to grow from 20 million Malaysian ringgits ($5.5 million) this year to 30 million ringgits ($8.29 million) in 2009. It follows the signing of a historic memorandum of u ...

  14. RealNetworks To Cut 130 Jobs

    December 05, 2008 12:00 AM EST RealNetworks is planning to lay off over 7% of its workforce, or about 130 jobs, according to a post in the company's blog . The cuts are called a cost-cutting measure taken in response to the current economic climate. The company did not def ...

  15. AIM Advises Labels On Pinnacle

    December 03, 2008 12:00 AM EST U.K. independent labels trade body AIM has called an emergency meeting after independent distribution company Pinnacle Entertainment went into administration. Although calls at the company's HQ in Sidcup, Kent were not answered, accountancy f ...

  16. Borders' Q3 Loss Widens

    November 26, 2008 12:00 AM EST Borders Group Inc. on Tuesday (Nov. 25) reported a widening loss for the third quarter and said it is no longer for sale. Its stock plummeted more than 50 percent in after-hours trading. The Ann Arbor, Mich.-based bookseller has been in the midst ...

  17. Ad-funded Models Scrutinized At Dot Bleep Conference

    November 25, 2008 12:00 AM EST Ad-supported digital music models won't save the day for indie labels. But ratcheting-up the dialog with ISPs and carriers may be just the tonic to ensure better rates for content, attendees at AIR's inaugural Dot Bleep digital and mobil ...

  18. Grainge Joins Fellow Business Leaders In Liverpool

    November 20, 2008 12:00 AM EST Creative business leaders are to meet in Liverpool for the first ambassador meeting for “Cabinet,” the inaugural creativity and business international network conference held in Hertfordshire on Oct. 26-28, 2009. Universal Music International chai ...

  19. French Biz Falters, Digital Remains Strong

    November 17, 2008 12:00 AM EST The wholesale value of the French recorded music market in the first nine months of 2008 decreased to €382 million ($484 million), down 13.9% from the corresponding period last year, according to new figures issued by labels trade body SNEP. It fo ...

  20. Mobile Firm Thumbplay To Cut Staff

    November 13, 2008 12:00 AM EST Mobile entertainment company Thumbplay said it will lay off an undisclosed number of employees as a preemptive measure against an expected "prolonged economic downturn." The company just launched a full-track downloads service in the U.S ...

  21. Live Nation Reports Strong Q3

    November 06, 2008 12:00 AM EST Live Nation has reported a third-quarter net income of $139.9 million, or $1.67 per share, up from a net profit of $46.1 million, or 55 cents per share, during the same period last year. The Los Angeles-based live entertainment company’s profit is ...

  22. Games Set To Surpass Music, Video At Retail

    November 05, 2008 12:00 AM EST Reports from U.K.-based retail analyst Verdict Research has named the games sector as the most lucrative entertainment sector. Verdict predicts that by the year's end, total video games spending will equate to £4.64 billion ($7.42 billion), a ...

  23. CELAS Secures Digital Partners

    November 05, 2008 12:00 AM EST CELAS has reported steady progress in the licensing of digital and mobile music rights across Europe. It offers a "one-stop shop" for pan-European licensing. The organization, which operates from offices in London and Germany, was set up ...

  24. Universal Aus Goes Play MPE Route For Pre-Releases

    November 05, 2008 12:00 AM EST The Australian affiliate of Universal Music has reached an exclusive arrangement that enables all its pre-release music to be digitally serviced to media and press outlets via the Play MPE software. It's the second major coup in a week for th ...

  25. French Mobile Operator SFR Launches Unlimited MP3 Offer

    October 31, 2008 12:00 AM EDT France's second largest mobile operator SFR has announced the launch of a DRM-free all-you-can-eat download service from Nov. 19. The catalog is limited to a few thousands hits exclusively from the Universal Music Group catalog. Subscribers w ...

  26. Grainge Appointed To U.K. Govt Creative Industries Panel

    October 23, 2008 12:00 AM EDT Universal Music Group International chairman and CEO Lucian Grainge has been appointed to the panel of business leaders at the U.K. government's Creativity & Business International Network in Oct. 2009. The international creative business ...

  27. Allegro Media Acquires VDI Distribution

    October 15, 2008 12:00 AM EDT Allegro Media Group has acquired the Canadian distribution arm of VDI Entertainment, and will merge that operation into its out business in that country. Describing it as a small but good deal, Allegro chairman and CEO Joe Micallef said that it wo ...

  28. Popkomm Day 3: The Second Coming Of Qtrax

    October 10, 2008 12:00 AM EDT Eight months after its abortive launch at the MidemNet conference in Cannes, Qtrax is back on course according to New York-based CEO and chairman Allan Klepfisz. During the demonstration of Qtrax - a free, ad-funded "legal" hybrid P2P se ...

  29. Regional Mexican Summit: Tackling The Digital Market

    October 07, 2008 12:00 AM EDT Selling regional Mexican music digitally has been a catch-22 of sorts: customers are less likely to download music online, and carriers and online retailers are often unwilling to take a risk on a market whose digital sales have lagged. But paneli ...

  30. Digital Gains Partly Ease Physical Pain

    October 03, 2008 12:00 AM EDT Three-quarters of the way through 2008, there are signs of subtle shifts in the U.S. music industry, all of them pointing to a digital future. Combined U.S. sales of albums and track-equivalent albums (or TEA, where 10 digital tracks equal an albu ...

  31. EMI Music Publishing Makes Key Music Services Promotions

    September 29, 2008 12:00 AM EDT EMI Music Publishing has promoted three executives to key commercial roles in the company's North American sales and licensing operation. Jovanka Ciares, who previously led the company's U.S. merchandising business with the title of seni ...

  32. All That Remains Links With Video Game League

    September 09, 2008 12:00 AM EDT Major League Gaming, the professional video game league, will give away online "Chiron," the first single from metal act All That Remains on Tuesday (Sept. 9), one week before the group's fourth studio album, "Overcome," i ...

  33. Rights Management Firms Expand Reach

    August 20, 2008 12:00 AM EDT With music rights, licensing, and fees becoming top-of-mind issues lately, rights management firms RightsFlow and RoyaltyShare are expanding their footprint in the space. RoyaltyShare has acquired Broad Street Digital from Arbinet to gain access t ...

  34. The Orchard Posts $785K Loss In Q2

    August 11, 2008 12:00 AM EDT The Orchard Enterprises posted a $785,000 loss, or 12 cents per diluted share on revenues of $13.4 million, for the three-month period ended June 30. That compares with the $720,000, or 62 cents per diluted, the company lost when revenues were $6. ...

  35. Warner Music: Music Video Games Must Pay More

    August 08, 2008 12:00 AM EDT Warner Music Group, the world's third-largest music company, said on Thursday that video game makers will need to pay more to license songs for music-based video games like "Guitar Hero" and "Rock Band." Warner Music Chief ...

  36. Live Nation Posts Q2 Revenue Increase

    August 07, 2008 12:00 AM EDT Live Nation has reported a second-quarter net income of $1.2 million, or 2 cents per share, down from a net profit of $9.9 million, or 15 cents a share, during the same period last year. Revenues at the Los Angeles-based company rose 18% to $1.16 ...

  37. Singapore Alliance Promises New Era Of Live Biz

    July 23, 2008 12:00 AM EDT SINGfest, the Island Republic's biggest contemporary music festival, looks set to become even bigger with an alliance between brand-led event and digital content company All the Worlds, a Universal Music Group joint-venture company, and Asian ...

  38. Sky's No Limit As Universal Teams On MP3 Service

    July 22, 2008 12:00 AM EDT Sky, the U.K.'s leading pay-TV provider, is entering the digital music marketplace with an adventurous service which allows subscribers unlimited access to downloads and streams. Universal Music Group International's U.K. affiliate, itse ...

  39. WMG Names Bryan Digital Strategy VP

    July 21, 2008 12:00 AM EDT Warner Music Group has made Stephen Bryan its new senior VP of digital strategy and business development. Bryan is charged with creating and implementing the label's digital strategy and creating new models, products and key deals with mobile ...

  40. Universal Music Publishing Turns On To Zodiak TV

    July 15, 2008 12:00 AM EDT Universal Music Publishing and Zodiak Television have launched a strategic cooperation over rights to music composed for the Stockholm-based TV production company's programs. The Zodiak group operates 22 production companies in 14 countries, ...

  41. Tunetribe Founder Traynor Picks Frukt

    July 08, 2008 12:00 AM EDT Specialist music strategy and communications agency Frukt has hired Tunetribe.com co-founder and COO Ronnie Traynor to head up its business development activities. Traynor, who becomes the London-based marketing firm's first business developm ...

  42. New Revenue Streams Boost Biz, Says BPI

    July 01, 2008 12:00 AM EDT Record companies are seeing a real rise in revenue from non-traditional sources, according to new figures published by the BPI. The U.K. record industry trade body says that new revenue streams now account for 11.4% of domestic income, totaling £1 ...

  43. Israelite Confirms Royalty Rates Breakthroughs

    June 19, 2008 12:00 AM EDT The publishers, record labels and digital music providers have hammered out a settlement on two of the five royalty rates currently scheduled to be set this October by the U.S. Copyright Royalty Board (CRB), according to National Music Publishers& ...

  44. TuneCore Opens Service To Outside Apps

    June 18, 2008 12:00 AM EDT TuneCore is opening its digital distribution service, allowing approved partners to develop their own applications based on the TuneCore system. Billed as an extension to its existing affiliate system, the new program allows partners to handle fil ...

  45. Katy Perry To Get A Lift From Steve Madden Campaign

    June 12, 2008 12:00 AM EDT Steve Madden is stepping into music marketing again. The footwear and apparel retailer is launching an in-store and online marketing campaign dubbed Steve Madden Music that will spotlight a recording artist every month or two, Billboard has learne ...

  46. Asian Matters Take Center Stage At HK Confab

    June 05, 2008 12:00 AM EDT Legendary promoter Harvey Goldsmith accused Asian counterparts of overpaying acts, in remarks he made during the "The Live Panel" discussion at the third annual Music Matters conference in Hong Kong, which wrapped today. "You'r ...

  47. 360 Deals, Collection Royalties Debated At Music Matters

    June 04, 2008 12:00 AM EDT The opening two days of the Music Matters conference has thrown up its share of topical discussions, with 360 deals and the systems for royalty collections coming under the microscope. On a June 4 panel discussion on 360 deals, Walt Disney Records ...

  48. Handleman Steers Away From Music Biz

    June 02, 2008 12:00 AM EDT Handleman Company is exiting the music business in North America. As part of a radical upheaval of its interests, the company has sold its music inventory and selected other assets related to its Wal-Mart business in the U.S. to Anderson Merchandi ...

  49. Upstart Music Gaming Company Launches

    May 28, 2008 12:00 AM EDT The music game space is getting hotter than ever. In a month that saw "Rock Band" released in Europe, Guitar Hero 4 announced, and Konami's Rock Revolution title unveiled, there is now a new developer in the mix -- Music Video Games ...

  50. Offer Process Takes Its Toll As Chrysalis Incurs Losses

    May 23, 2008 12:00 AM EDT Chrysalis Group plc saw interim losses build, as the British music company felt the pinch from being dragged through a failed offer process and the experience of a "difficult" period for its music publishing activities. The company has r ...

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