News Brief: HMV Falters, Google Buys Pushlife, 7Digital Adds, YouTube Live, RIAA Follies & More

Hypebot Favicon (UPDATED) We post this roundup of music business news each weekday morning and breaking stories throughout the day. For the latest also also follow @hypebot on Twitter.  

  • HMV's investors warn that fears for its long-term future would seriously hamper any cash call. (Guardian) The UK music retailer is reportedly also asking record labels for concessions as it tries to stay afloat. Sadly this feels a bit like Tower Records revisited.
  • Google acquired mobile music sync app Pushlife for a reported $25 million.(Details +video demo)
  • 7digital has named James Wheatley as VP of business development. He comes from eMusic Europe.

MORE:

  • YouTube has created a live streaming landing page to highlight their increasing emphasis on live events and growing consumer interest in net connected television. The company will also reportedly invest more heavily in original programming.
  • Should You Outsource Your Social Media Efforts? (Mashable)
  • RIAA Promotes Illegal P2P Services, Expert Claims - A music industry expert has accused the RIAA of having its own agenda, one that goes directly against the interests of some of the major labels. Among other things, it is claimed that the RIAA promotes illegal P2P services to parents and educators. These services, including iMesh and Bearshare, will apparently become prime targets for a US-led anti-piracy campaign. (TorrentFreak)
  • INTERVIEW: Universal Music's digital director on future business models. (Strategeye)
  •  How Google Should Shape Its Social Strategy In Response To The Facebook Threat. (SAI)


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