Hypebot reports that The Echo Nest has now partnered with Rhapsody to provide a new service, Rhapsody Radio. Rhapsody subscribers, who are based in USA, and Napster subscribers, who are located in Europe and Latin America, will now be able to create and curate stations based on artists and songs. The new playlists will be powered by the Echo Nest. Read More
Music Reports announced that it has renewed its music rights administration service agreement with Amazon for its Cloud Player digital music locker. Pursuant to the renewed agreement, Music Reports will continue to act as the administrator of Amazon’s licenses with all music publishers and publisher licensing agencies, including copyright research, data management, licensing, royalty payment, and music usage reporting activities. Read More
SoundExchange today announced second-quarter 2013 payments of $149 million. This quarter marks the organization’s highest quarterly payment to recording artists and record labels to date with a 55 percent increase from the same quarter last year. In addition, the organization announced it achieved a final 2012 administrative rate of 4.9 percent – making the SoundExchange administrative rate one of the lowest in the world. Read More
The IFPI published its annual Digital Music Report with some optimistic findings. Frances Moore, chief executive of IFPI said: "It is hard to remember a year for the recording industry that has begun with such a palpable buzz in the air.". Read More
The Harry Fox Agency, Inc. (HFA), a provider of rights management solutions for the music industry, announced today that it is working with Google Play to deliver rights management services for its digital music service for Android devices and the web. Read More
Nashville, Tenn. – Gibson Guitar Corp. announced on Wednesday that it has partnered with chipmaker Cirrus Logic to develop new digital audio networking products. The companies will collaborate on next-generation, gigabit Ethernet-based products for use in recording, live music distribution and network-based consumer content delivery. http://biz.yahoo.com/bw/051109/20051109005209.html?.v=1 http://www.cirrus.com http://www.gibsonmagic.com
Tewksbury, Mass. — Avid Technology, a major provider of video production technology, has agreed to pay $80 million in cash and 2 million shares of common stock to acquire Irwindale, Calif.-based M-Audio, a provider of digital audio and MIDI technology for electronic musicians and audio professionals. The deal also includes earn-out provisions, based on M-Audio's future financial performance. Founded in 1988, M-Audio has about 200 employees in the U.S. and Europe who develop products [...].