GOOGLE MUSIC STORE COMING IN FALL?
-- Google's music store could be on its way later this fall, CNET's Greg Sandoval reports. Citing multiple industry sources, Sandoval says the service could have both downloads and streaming music. "CNET has learned that Google first stoked excitement among executives at some of the top four major labels during the Consumer Electronics Show in January," he writes. "That's where they revealed some of the features that a Google music store might include, such as tying digital downloads and streaming music to Google's search results." (CNET)
REPORT: GUY HANDS CONTRIBUTED OWN $ TO FUNDING
-- As has been reported, Terra Firma delivered 105 million pounds to Citigroup last week to remain within its debt covenants. One new item has emerged, however. The New York Post reports that Terra Firma boss Guy Hands helped fund the contribution with his own money. "My understanding was that it [Guy's investment] was a key selling point to investors," a source told the Post. (New York Post)
IPAD'S BROWSER SHARE
-- According to Morgan Stanley numbers, the iPad's share of the global browser market is already bigger than that of Android, Blackberry and iPod Touch. A Morgan Stanley analyst says iPad usage is more like a PC than a smartphone. The iPad has 38 daily Internet page views, according to Morgan Standley, putting it between desktop and mobile categories. As a point of comparison, Mac devices have 117 daily Internet page views while the iPhone has 18, Android has nine and Blackberry has just two.
WMG STOCK SLIPS
-- Warner Music Group's stock, at $5.23 in early Tuesday trading, is below its 50-day moving average of $6.60 as well as its 200-day moving average of $5.92. The stock hit $8.02 on April 14, its high for 2010. It hit $4.77 on January 25. (SmarTrend)
HIGHER TAXES COMING
-- On the economic front, debate continues about the chance of a double-dip recession versus renewed sluggishness. One thing is for sure: higher taxes are coming in 2011, and that will have an impact across industries. Look for many music assets (publishing, recorded music) to be sold by the end year to avoid paying a higher capital gains tax. (CNBC)
-- Don Henley has won summary judgment over politician Chuck DeVore, rejecting his argument of fair use in a lawsuit. But the court ruled against Henley on his Lanham Act claim. (Copyrights & Campaigns)
ORCHARD TO DISTRIBUTE 'IF I CAN DREAM'
-- Digital distributor the Orchard now has a partnership with Simon Fuller's 19 Entertainment to handle the distribution of the first two seasons of "If I Can Dream" reality series. (The Daily Rind)
ONLINE TICKET SCAMS
-- Fake tickets continue to be a problem in the UK as the fans of summer music festivals continue to fall victim to fraud. An estimated one in twelve people who buy tickets online purchase from a scam web site. One positive sign may be that secondary market markups have fallen about 30% in the last two years, which officials believe is an indication of improved supply of genuine tickets. News like this fits well into the debate over paperless ticketing and attempts by Ticketmaster to ostensibly create a safer secondary market. A closed marketplace in which consumers buy and sell paperless tickets would not have the uncertainty that is inherent with ticket scalping. But as the debate in New York State shows, some people are concerned that the benefits of a closed secondary market for tickets outweighs the removal of customers' rights to freely resell their tickets. (Pollstar)
-- CMA Festival attendance was up 16% this year. (MusicRow)
-- Under the name Vevo Arabia, music video site Vevo will debut in the Middle East in early 2011. (brand-m.biz)
GOOGLE MUSIC STORE COMING IN FALL?