| LIVE NATION EXPANDING TO RUSSIA: Like Apple iTunes, Live Nation Entertainment has announced it plans to expand operations to the Russian live music market (as well as the Ukraine). The company will open a new office in Moscow in 2013, to be headed up by Tim McWilliams.
| PANDORA SHARES PLUMMET ON SOUR FOURTH-QUARTER FORECAST: Investors pushed the panic button on Pandora Media Inc.’s shares on Tuesday immediately after the Internet radio company released a disappointing fourth-quarter financial forecast that triggered a slide in its stock price.
| DRAKE’S OVO LABEL TO ANNOUNCE DEAL WITH WARNER BROS: October’s Very Own, the label spearheaded by Drake, has inked a deal with Warner Bros. Records. A rumored deal was first floated on Tuesday (Dec. 4) and a source has confirmed the impending partnership to Billboard.
| THE IMPORTANCE OF ALBUM TRACK ORDER IN THE DIGITAL AGE: Album track sequencing may have long been subject to artists’ creative muses, but according to A&R and streaming service execs, song order can have far-reaching effects on bottom lines — especially in the digital music era. Witness the direct correlation between Mumford & Son’s new album’s track order and its streaming numbers. Here, Glassnote’s Daniel Glass, Rdio’s Kelli Fannon, Warner Bros. Jeff Fenster and Spotify’s Ken Parks help break it down.
| DONALD PASSMAN ON ‘ALL YOU NEED TO KNOW ABOUT THE MUSIC BUSINESS,’ AND ADVICE FOR NEW ARTISTS (VIDEO) Veteran music attorney Donald Passman talks about the eighth edition of his influential book, “All You Need to Know About the Music Business,” and gives advice to new artists, particularly in the digital space, in an excerpt from Billboard’s interview with him, which will be published in the Dec. 15, 2012 issue of the magazine, available Friday here.
UNIVERSAL OUTLINES EMI GERMANY PLANS: Universal Music Group is to move the German core business of the recently-acquired EMI from Cologne to Berlin. From 2013, the larger part of EMI’s activities will be moved under the roof of Universal Music’s German headquarters. Frank Briegmann, President Universal Music Germany, Austria, Switzerland and Deutsche Grammophon, today outlined the strategy for the future of the EMI Germany business during a staff meeting in Cologne. Moving to Universal Music Germany’s headquarters are EMI’s Capitol, Blue Note and Virgin labels. EMI’s successful Schlager pop label, Electrola, will become the principal brand for this genre of music and will, in future, be based in Munich, with Koch Universal Music.
HMV CANADA LAUNCHES STREAMING DIGITAL MUSIC SERVICE THE VAULT: In an attempt to keep up with the changing ways people buy and listen to music, HMV Canada has launched a new subscription-based, streaming digital music service. InmyVault.com, dubbed The Vault, launched Tuesday with a catalogue of millions of tracks. You can use it for a monthly fee of either $4.99 to listen on a computer or $9.99 to put it on mobile devices, which is in line with some competing services like Rdio.
MEET TURNTABLE’S PIKI, HUMAN-POWERED RADIO APP WITH SOCIAL FEATURES: Turntable today introduced Piki, a Pandora-like, human-powered radio app combined with powerful Twitter-inspired social features. The company has been working on the brand-new service for a year. Unlike competitors 8tracks or Songza, it has borrowed one of the most powerful features of Pandora. You just start the app and press play without having to search, browse, or select your mood. The stream goes through songs hand-picked by your friends and offers the option to select a particular genre.
FACEBOOK STOCK LIKELY TO GET BOOST FROM INCLUSION IN NASDAQ 100: Facebook Inc. will join the Nasdaq-100 Index at the start of trading next Wednesday, Nasdaq OMX Group said late Tuesday. The Menlo Park, Calif., company will take the slot freed up by Indian technology consultant Infosys Ltd., Facebook, which made its market debut in May and has a market capitalization of $30 billion, is the largest company not currently included in the Nasdaq-100. The index tracks the 100 biggest nonfinancial firms listed on the Nasdaq exchange.
Wall Street Journal
HOW POWERFUL IS JUSTIN BIEBER’S TWITTER ACCOUNT? With most of us having only a few hundred or thousand Facebook friends or Twitter followers, the power of Bieber’s Twitter account boasting 30,951,150 followers (as of 12/02/2012) is difficult to comprehend. When Barry Lowenthal, who’s company Media Kitchen worked with Justin to release his perfume Girlfriend was asked about Bieber’s social media reach he replied, ” Can you imagine what it would cost to reach more than 40 million people in mass media today? Ten million dollars, if that audience were reached through three commercials on the season finale of ‘American Idol.'” The 40 million number refers to Justin’s reach across multiple social media platforms.
Between The Liner Notes
NOKIA ANNOUNCES BUDGET-FRIENDLY LUMIA 620: Nokia has launched a new Windows Phone 8 smartphone, the Lumia 620. The price reflects the device’s middling specs — it will be available for $249. It’s the first entry-level WP8 device from Nokia; the first two are the much more powerful Lumia 920 and the mid-range Lumia 820. It will be available in Asia in January 2013, followed by Europe, the Middle East and other countries.
HEADLINES OF THE DAY
(tell us your fave in the comments section):
Backstreet Boy Brian Littrell — Sorry God, I’m Not Praying for Lindsay Lohan
Behold, The First Air Jordans Inspired By Arnold Schwarzenegger
Does God Retweet?