Music Biz News: 3 Cloud Music Launches Near, WMG Bids, Nguyen Exits Apple, MySpace Sale & More
- Music's race to the cloud is heating says the Financial Times. Google hoped to launch a download store next month, but has not completed the deals; and wants to add cloud music locker if labels give consent. Apple is planning a summer launch limited to cloud backup of tracks bought on iTunes. Meanwhile, Spotify is close, but no one knows how close. Sadly, none of this is game changing.
- Yesterday was the deadline to submit bids to purchase the Warner Music Group. No word on who stepped up, but rumors range from BMG to Russian billionaires; and there's buzz that Bronfman & Co are pushing sale of publishing harder than the record division.
- Lala Founder Bill Nguyen, No Longer At Apple, Working On Next Project (SAI)
- News Corp begins process of selling MySpace. (Reuters)
- Musician Sues Summit Entertainment For Taking Down His Song In Twilight Dispute. (Techdirt)
- Music services express frustration at Apple's subscription power play. (Evolver.fm) I'm betting this get worked out. Not because Steve Jobs cares, but because consumers and rightsholders do.
- Smoke on the Water, Part 1: Accounting for The Cloud. (MusicTechPolicy)
- Singles Might Save the Music Industry. (WSJ)
- New music service takes up the Spotify gauntlet. (Local) and WiMP – Scandinavia's new Spotify competitor opens for all in Sweden (press release)