PM Update: Cash Poor Thumplay Close To Sale, Investors Re-Like Music, Doug Morris, BMG & NMPA
- Thumplay Music is reportedly running out of cash and very close to being sold. (MocoNews)
- Since the end of 2010 at least $57 million in investor cash has gone into digital music and more is expected flow into Pandora, Spotify and an array of startups like Rdio, SoundCloud and RootMusic. (NY Times)
- Universal's Doug Morris will have to wait until summer to take the helm at Sony, according to The Telgaraph. Other sources say things are still up in the air.