Warner Music Group chairman and CEO Edgar Bronfman remains optimistic by eyeing industry growth potential. He sees a future for digital rights management and physical product in the music industry, although maybe not in their present forms.
Bronfman also said they will now invest in new and mid-tier artists with the expectation that it will share in all the artists’ revenue streams that could include touring and merchandising through helping to build other revenue streams, whether that be hosting and selling off of an artist’s Web site. He also said major music labels did not not create a website to offer music because the profit margins are not attractive.
TV turns to internet and will offer Free Downloads…
NBC Universal, acknowledging that viewers are increasingly moving away from traditional television viewing, announced plans for a service that will make popular NBC programs available to download free to computers and other devices.
It appears that California based band Thriving Ivory has signed to Wind Up Records. This band has put in their duties. Check them out in KOAR’s New Music and Recommended Listening Column.