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Cr@zyEye Music Services

• Warner Music Group & KKR Preparing EMI Bid

  15Mar
  Categories: Trusted Contributor Comments
  (UPDATED) Warner Music Group is in talks with private equity group KKR to launch a bid for to buy portions of EMI. The two have met to structure a deal if the music group is put up for sale in the coming months, according to reports. EMI is under an end of March deadline to offer a restructuring plan or lender Citigroup may take over.
  
  KKR is said to be most interested in EMI's profitable publishing arm, and WMG has coveted the recorded music division for nearly a decade. Observers put the value of EMI Music Publishing at £1.2B ($1.8B US), but a sale price for the rest of EMI's assets is much tougher to calculate.  Recorded music accounted for 55% of EMI’s £293M ($4.4M US) earnings last year before restructuring costs, but declining sales and a discontent roster of artists leave observers wondering how much the company will be worth in the future.
  

  
  

  

  
  Tags: blogging, Social media

• Digital Growth Offsets CD Decline First Time In UK

  15Mar
  Categories: Trusted Contributor Comments

  Growth in digital music sales in 2009 offset the continuing decline in CD sales for the first time according to UK collection society PRS For Music.

  Digital revenues grew 73% (£12.8m) to £30.4m in 2009 as platforms such as Spotify, MySpace Music, Amazon and iTunes expanded. That compared to an £8.7m drop in physical revenues through the year. Total revenues grew 2.6%.

  “Last year was the first in which the growth in revenues from the legal digital market compensated for the decline in revenues from traditional CDs and DVDs, although we remain cautious as to whether this represents a true turning point. said Robert Ashcroft, CEO of PRS. "The next decade does, however, promise further growth in earnings from the legal digital market as well as the use of British music overseas."

  
  

  

  
  Tags: blogging, Social media

• Georgia Wonder Begins Recording Project Inside Nevada Music Store

  15Mar
  Categories: Trusted Contributor Comments

  Several months ago, UK indie artists Georgia Wonder got permission to record their next CD inside Portsmouth, U.K. music instrument store Nevada Music. But more than a publicity stunt that the web savvy duo is happy to exploit, the partnership is a an opportunity to record using some pretty cool gear; and Nevada Music has a chance to show off their wares in action.

  This first video chronicles the "making of" the project's first song "No Credit".

  Watch the official video:

  
  

  

  
  Tags: blogging, Social media

• Rhapsody iPhone App To Add Offline Listening

  15Mar
  Categories: Trusted Contributor Comments

  

  Android App Coming Soon

  Rhapsody reports that since launching it's iPhone app, the top feature request has been the ability to listen to Rhapsody when that wireless signal is unavailable or spotty. Their development team is getting close to submitting an updated app to Apple for approval. A video demo was released on the service's Facebook page over the weekend.

  A Rhapsody Android app will also leave private beta in the coming days and be available for download in the Android marketplace.

  Watch the demo video:

  
  

  

  
  Tags: blogging, Social media

• Motel 6 Extends Free Rooms Contest

  15Mar
  Categories: Trusted Contributor Comments

  Motel 6 and music publishers Primary Wave are continuing their "Rock Yourself To Sleep" campaign. which supports touring bands with free lodging while they are on the road.

  Four of the six bands for the new phase have already been chosen but there are two more spots available. For a chance to win six weeks of free lodging at Motel 6's nationwide musicians must submit a song from March 9th - March 29th. The winners will be determined by online fan votes.

  
  

  

  
  Tags: blogging, Social media