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...crooning from your PC? Why, Madonna, of course. She is just one of the musical heavyweights you will find on Internet phone-service provider Skype these days. Earlier this month, Skype, owned by eBay since October, partnered with Warner Music in a deal that lets Skype dip into the label's expansive catalog to offer ringtones to its 74 million users, adding to its premium services - which generate most of Skype's revenues. The Material Girl, Green Day and Mike Jones are headlining Skype and Warner's landmark debut into the $1.2 billion ringtone industry. In fact...
This Brooklyn band released its debut without money--or tinkering--from a record label, and you can hear the absence of both. From Alec Ounsworth's thin, David Byrne-like vocals to the miles of ether between the pop hooks, the album is not exactly market friendly, but abstraction has its rewards. They include the floating ecstasy of the break-up song Over and Over Again (Lost and Found) ("Now where's the woolen sweater/ You mentioned in the letter?/ Imply/ The other guy") and the partial fingerprints of Joy Division and R.E.M. on Upon This Tidal Wave of Young...
...crooning from your PC? Why, Madonna, of course. She is just one of the musical heavyweights you will find on Internet phone-service provider Skype these days. Earlier this month, Skype, owned by eBay since October, partnered with Warner Music in a deal that lets Skype dip into the label's expansive catalog to offer ringtones to its 74 million users, adding to its premium services--which generate most of Skype's revenues. The Material Girl, Green Day and Mike Jones are headlining Skype and Warner's landmark debut into the $1.2 billion ringtone industry. In fact...
...forced to shelve them just to focus on its core operations. "The company was in such a bad spot in terms of both earnings and capital structure, frankly, we didn't have time to think of anything else," says Rose. Levy's team discovered that the Virgin label wasn't integrated into the business, so essentially two separate music companies were operating within EMI. Record sales were clearly not recovering, either. Indeed, after her Glitter album tanked, EMI had to pay Mariah Carey $28 million to extricate itself from the $80 million contract it had signed with her. In February...
...hand. "The combination of scale and convenience makes mobile a huge opportunity." EMI, for instance, recently struck a deal with wireless service T-Mobile to make more than 200,000 songs and music videos available to T-Mobile's 60 million customers across Europe. Of course, no record label can afford to rest easy. Yes, selling digital music involves no manufacturing and distribution costs, which should boost margins. But there are other new costs, including credit-card fees and IT equipment. EMI, for example, has invested over $130 million in technology to manage digital sales. And CD sales continue...