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“Smallest major label EMI and imeem announced a deal today that allows imeem users to upload any song from EMI’s catalog to their profile pages or groups without having it pulled down for copyright reasons.”
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“It’s a different ballgame now,” compared with rock’s baby boomer heyday, says Joseph Bongiovi, who handles merchandise and partnerships for the rock group Bon Jovi.
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“As counterintuitive as it may seem in this age of iPods and digital downloads, vinyl — the favorite physical format of indie music collectors and audiophiles — is poised to re-enter the mainstream, or at least become a major tributary.”
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“Music centric social networking site imeem and EMI today launched free ad supported on-demand full song and video streaming of EMI’s global digital catalog. Sony, Warner and a number of indie labels already have similar deals with imeem.”
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“Terra Firma is already trying to trim its equity stake in EMI amid a major strategic review of the music company’s business that could result in big changes, including a possible sale of its physical distribution business.”
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