AM News Brief: Quake Hits Sony, Musicians Could Lose $35M, YouTube Jobs, Facebook Apps & More
- Sony and other Japanese electronics firms grapple with massive quake effects. (CNet)
- Billionaire Californian retail investor Ron Burkle has emerged as an early frontrunner to buy Warner Music Group. (Sky News)
- Canadian rights organization CSI says that if proposed copyright legislation passes, it would reduce by $34.9 million the revenue songwriters and music publishers receive from licensing. That would be a 45% drop in annual royalties collected by CMRRA-SODRAC.
- YouTube (music's killer app according to Mark Mulligan) is on a hiring spree. Here's a list of job openings. Reports point to a 30% increase in headcount.
- The Top 20 Facebook Music Apps. (Epicenter)
- VoxPop Worldwide has acquired R&R Music Limited (R&R) for undisclosed terms.
- Radio broadcaster Cumulus is spending $1.73 billion to but rival Citadel. (Reuters)
- Free' Culture advocates discuss models for sustainable creativity. (Techdirt)
- Hypebot's SXSW Contest with Sharesquare: Starting now and ending at 11:59pm PST on March 20, ShareSquare will be tracking the bands using their app and getting the most scans. When the dust settles, the top 5 will be crowned the “Most Scanned Bands” and receive the opulence that comes with it. The fame: bonus press on Hypebot and do512.com plus a ShareSquare package worth $6000.