If anyone has a serious beef with the music labels, it’s Michael Robertson. Robertson took MP3.com public in 1999, only to later to pay tens of millions of dollars to labels that sued the startup, claiming storing songs on servers infringed their copyrights. Fast forward to today: A new wave of music startups like Spotify, MOG and Rdio stream songs from servers with the labels’ blessings. It might all be above board now, but the labels are still bleeding the digital-music services dry.
Spotify, the hype-tastic digital music service that started in Stockholm, then moved to London is now a New York headquartered company founder Daniel Ek tells us at the glamorous launch of the new Spotify App platform at the Stephen Weiss Studios in the trendy West Village area of the city.
Google’s third-quarter results trounced Wall Street expectations as good cost controls helped boost the Internet search leader’s profit by about 26 percent. The world’s No. 1 Internet search engine said its net income in the three months ended September 30 totaled $2.73 billion, up from $2.17 billion in the year-ago period.
European digital music service Spotify has re-ignited the U.S. music business since it opened up shop on these shores two weeks ago. Hype and Twitter-based excitement have gone into over-drive as users have sought out valuable Spotify invites for the partly free on-demand music service.
Users of Apple’s iPhone, iPad and iPod Touch mobile devices might want to take a minute to do a software update this weekend. Apple rolled out a security fix for its iOS mobile operating software on Friday that plugs a hole that could allow hackers to gain remote access to those devices. The security flaw was discovered last week after a website released code that Apple customers can use to modify the software through a process known as “jail breaking”.
Successful childrens’ books publisher Nicholas Callaway believes paper is dead and that digital has come of age, writes Mark Egan. But Callaway isn’t worried that big publishing houses will eat his lunch. “They don’t understand the new medium, they don’t have the rights, they don’t know how to create the product and they don’t know how to get it out to the world,” Callaway told Egan. January e-book sales more than doubled from the same month a year earlier, rising 116 percent to $69.9 million, according to the Association of American Publishers. That topped sales of hardcover books, which fell 11 percent from January 2010 to $49.1 million.
We hate to hit replay on this one but following New York Post’s story today that European streaming music service Spotify is close to a deal with Sony Music and thereby close to launch we decided to call a few people to confirm.
So 2010 was the year that wasn’t as far as a major revolutionary digital music launches were concerned. Label executives have been hoping fervently for some real competition to take on Apple’s iTunes. Not that they don’t want iTunes to do very well but having one company control 70 percent of recorded music sales in your biggest markets like the US and UK is perhaps not best for industry growth.