- Madonna Created No Controversy On the Night Before Thanksgiving
The special Madonna: Confessions Tour was broadcast on Wednesday (22NOV06), the night before Thanksgiving, failed to find an audience. The controversial broadcast of MAdonna’s Confessions tour special on US TV failed to lure viewers and ended up finishing fourth in its time slot. - EMI – News Alert
EMI, said it received a “preliminary” approach that may lead to an offer. The Financial Times reported earlier today that the company was in talks with buyout firms that may include Kohlberg Kravis Roberts & Co. and Goldman Sachs Group Inc - Predicting The Future?
A research firm said this week that the market of digital music would grow six times in several years and would reach $14.9 billion by 2010. Sales of digital music will account for over 1/3 of record companies’ revenues by that time, it was said, whereas sales of music on physical media is set to decline. The market for physically distributed music will decline to $19.6 billion by 2010, down from $27.3 billion in 2005.
Digital music in 2006 represented 12% of all revenue posted by record labels. iSuppli predicts this will grow to 40% of the overall record label revenue by 2010. With nearly $33 billion in total recorded retail music revenue accumulated in 2005, this is an enormous opportunity for those involved in mobile and broadband distribution across the supply chain, the company noted.
- KOAR is always seeking “new” music to talk about. We want to hear “greatness”; Click here and email us a link with a great band.
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