AM News Brief: Amazon Cloud, MySpace + VEVO, Real CEO Out, Bluebeat Pays Beatles $1M & More

Hypebot Favicon Hypebot publishes this roundup of music business news each weekday morning, and when warranted we add an update late in the afternoon. For breaking news also follow @hypebot on Twitter.

  • As Amazon launches its Cloud Drive music locker and Cloud Player (details here) without licenses, will it help drive existing services like MP3Tunes and mSpot beyond obscurity? (TechCrunch)
  • News Corp is in talks with VEVO to take MySpace off their hands according to Reuters whose sources rates the chance of a deal getting completed slim.
  • RealNetworks CEO Bob Kimball has resigned after only 8 months. EVP Mike Lunsford will serve as interim CEO.

MORE:

  • BlueBeat.com, the website that sold Beatles tracks for 25 cents before they became legally available on iTunes, will pay $950,000 to settle a lawsuit.
  • Global recorded music sales fall almost $1.5B , according to a new IFPI report. UK loses mantle as third-largest music market after physical sales of CDs collapse by almost a fifth. (Guardian)
  • Madison Square Garden Entertainment President Jay Marciano resigned to become CEO of AEG Europe. He replaces David Campbell who left AEG to become an exec at Formula One racing.
  • Onkyo to offer Spotify through its home cinema receivers, taking music even further into the home. Info below and hi-res pic attached.


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