PM Update: 5 Serious Bidders For WMG, DIY Music Sales Platform Launches, BMI, Facebook Analytics
Hypebot.com publishes a morning roundup of music industry news mid-morning (ET) every weekday and when warranted add this PM update late in the afternoon. For breaking news follow @hypebot on Twitter.
- Warner Music Group has at least 5 serious bidders in the $1.4 to 2 billion range. According to Billboard and other sources they include: Sony Music, supermarket magnate Ron Burkle's Yucaipa Companies, Platinum Equity, Len Blavatnik's Access Industries (which owns 2% of WMG) and BMG Rights Management.
- DIY Media to officially launch DIY Music tomorrow. Its a flexible social commerce sales platform supported by Amazon Web Services and Amazon Payments. Content owners can build customized widgets that drop into Facebook pages, sites or blogs, and sell individual tracks, albums, or entire catalogs.
- To encourage music in coffee shops of 50 or less, BMI has created a discounted music license in cooperation with the Specialty Coffee Association of America.
- Facebook has released an update to their Insights analytics tool for publishers who use Facebook plugins including real time stats.
- More news here.