News Brief: LN Ticket Sales Up, Verizon Sues FCC, Simfy Gets €10M. EMI Profits Rise, Sirius XM & More
- During a J.P. Morgan Telecom Conference this morning, Live Nation CEO Michael Rapino said that after a slow April, ticket sales were up 7% year over year in the first 15 days of May. He also touted the Groupon Live deal as part of a plan to cut into and profit from the secondary ticketing business, as well as, the potential of the company's growing festival business.
- Verizon is suing the FCC over data roaming rules. (ars) It could be bad news for music streaming if they win.
- Simfy raised €10 million for its “German Spotify’ to fund international expansion. (TechCrunch EU)
- EMI's profits rose last year by 7% to 330 million pounds ($535 million). (Bloomberg)
- BitTorrent traffic surged after LimeWire was shut down. (TorrentFreak)
- A look inside the world of professional hit songwriters. (Guardian)
- Sirius XM is promising to freeze rates. (FMQB)
- Did Cross Examination of Warner Music's Bronfman by Willkie's Baio Prompt Lime Wire Settlement? (AM Law Daily)
- Slacker And The Innovator's Dilemma (Forrester's Mark Mulligan) "$9.99 subscription rentals are not a mass market value proposition."
- A video interview with MOG founder and CEO David Hyman. (TechCrunch)
- Photos Come Alive: Thinglink Tags Music, People & Products in Images (Mashable)