AM BRIEF: The Power Of iTunes, CBS Buys MetroLyrics, Trill To Fontana, X5, Cash Music & More
The death of Steve Jobs has triggered a new round of discussions about how iTunes reshaped the music business. Like it or not, Billboard estimates that Apple accounted for a whopping 33% of U.S. 2010 recorded music revenue, dwarfing 2nd place WalMart's 10.1% and far exceeding the market share of any previous music retailer.
- CBS Interactive Music Group has acquired Vancouver based online song lyrics site MetroLyrics.com, the most-trafficked lyrics site on the net with more than 700,000 licensed songs.
- UMG's indie arm Fontana has signed southern Hip Hop label Trill Entertainment for distribution. Trill is run by Melvin "Big Boi" Vernell, Jr. and Marcus "Turk" Roach.
- X5: Inside the Most Successful Digital Music Licensing Service You've Never Heard Of. (Mashable)
- Amanda Palmer and Neil Gaiman served as the demo for another free Cash Music release that pulls in an artists feeds from various sites, styles them with CSS, combine them with other feeds, and filter them to show specific content.
- Men at Work lose final 'Kookaburra' plagiarism appeal (Digital Spy)