News Brief: WMG & EMI Sale Updates, Philly Orchestra Woes, Google Music Stalls, MXP4, Apple & More
- Both EMI and Warner Music are in need of new owners that have robust balance sheets. (Guardian) Some believe that the real end game for top investors is to combine the two music groups. (NYT) A list of the top 4 bidders and 1 dark horse here.
- The Philadelphia Orchestra has filed for bankruptcy and plans to restructure.
- Google Music Label Talks “Going Backwards” (Media Memo) From what I hear, going nowhere might be a more abt description, and many (wrongly) think Amazon is to blame.
- The ticketing was continue to heat up as TicketBiscuit acquires Oregon based ticketing company Dais Limited.
- MXP4 in talks with labels to exploit the social potential of gaming to promote and sell music. (MusicWeek)
- Hollywood trade Variety lost in its attempt to pursue a trademark claim in Delaware against the punk band The Vandals. (Hollywood Reporter)
- Apple will hold its next earnings conference call this Wednesday, April 20, 2011 at 2:00 p.m. PDT/5:00 p.m. EDT.
- Vinyl Gets Second Life in a Brooklyn Factory (NY Tiimes)
- Why Google Should Buy The Recording Industry (Techdirt)