Warner Music writes off $33M in music startups Imeem, Lala
When it comes to music startups of my generation, they have yet to bring in serious revenue. And to make matters worse, the ones that stream music have to pay record labels a hefty licensing fee. Major record label Warner Music Group may be one of the record labels driving up costs for these startups, but it has had enough of investing in them. It has written off $33 million in equity and debt from… Continue Reading
Web 2.0 Summit: MySpace’s Chris DeWolfe and Warner Music’s Edgar Bronfman Jr. on music’s future
John Battelle is interviewing both Chris DeWolfe, co-founder of MySpace, and Edgar Bronfman Jr., chief executive of Warner Music Group, on the future of music. They all agree that music is going to be social, and that will lead to monetization of something that has heretofore been pirated.
“When will MySpace Music have a leader?” Battelle asked, referring to the Fox-owned company’s long search for a chief executive of its MySpace Music division. DeWolfe made an… Continue Reading
uPlayMe raises “multi-millions,” joins pile of music services
uPlayMe, the latest in a ever growing pile of companies offering a desktop application to let you connect with people through shared tastes in music, said it has raised a “multi-million” round of funding.
The New York company uses a recommendation engine, looking at the music you’ve played and letting you contact other users who have recently played the same music. It also works for videos, including those watched on YouTube, and other digital content, such… Continue Reading
Warner streams entire catalog of music for free on imeem
Warner Music Group is offering its entire music and video catalog for free streaming on imeem, a Web site focused on letting users share music playlists.
The music is currently live on the San Francisco startup’s Web site, the company told VentureBeat Wednesday evening.
Now imeem users can make playlists with Warner music. Warner, in return, will get a piece of imeem’s ad revenue.
So music from Depeche Mode, a Warner artist, can be played freely, for example…. Continue Reading