A source tells KOAR that BurnLounge just laid off a substantial number of their employees. This puts BurnLounge future in question.
BurnLounge is a controversial digital upstart that allows users to open their own digital download store.
Developing……..
 
Walt Disney’s High School Musical 2Â soundtrack opened with 618k in sales making it the second biggest opening following Linkin Parks Minutes to Midnight with 625k.
Alternative act Paramore jumped from 14k to 33k with the help from radio and MTV. AFI side project Blaqk Audio debuted this week with 29k. Nickelback is closing on the 6 million mark.
According to sources the rumors of closing Virgin Megastores are false.
YouTube will Advertise on Video Clips: The good ol’ days of watching your favorite videos without advertising are finished. YouTube hopes to reinvent video advertising on the web. YouTube is charging about $20 per 1,000 views, with the revenue split between the website and the provider of the content. (Timesonline) – (Coolfer)
Mommy and Daddy were right when they told you “Nothing is for Free” — “Free” always comes with a price tag. In this case, its about 12.5 Billion…..
According to a report released by IPI, rampant global piracy of recorded music has cost the U.S. $12.5 billion in economic output and 71,060 jobs annually.
The damaging result of music piracy:
— The U.S. economy loses $12.5 billion
— U.S. workers lose 71,060 jobs
— U.S. workers lose $2.7 billion in earnings, including $1.1 billion in earnings from workers in the sound recording industry or “downstream” retail industries, and $1.6 billion in earnings by workers in other U.S. industries; and
— The U.S. government loses at least $422 million in tax revenues, including $291 million in personal income tax and $131 million in lost corporate income and production taxes.
“Piracy harms not only the owners of intellectual property but also U.S. consumers and taxpayers,” says Stephen E. Siwek, author of the report and principal with Economists, Inc. “Moreover, the impact of music piracy appears to be intensifying.” (YAHOO)
Except for the music business, no other business in history has been seriously inflicted by criminal behavior…
KOAR recently talked about and blasted underground illegal site myspacemp3.org asking authorities and individuals in appropriate positions to sue the creator of the site and remove the site from the web.
Good news here. The illegal hack site myspacemp3.org which allowed users to rip streaming audio off of Myspace sites into MP3’s has been suspended.
The author and creator of the illegal site and code is based in Madrid and his name is Octavio Chango. Madrid-based author Octavio Chango blamed MySpace for shuttering the site and freezing his ISP account, and even offered email documentation to back his claims. “You are no longer welcome on our site, and if you make another site like myspacemp3 we will sue,” a cut-n-pasted email thread from MySpace reads. (DMN)
Separately, a source within Myspace confirmed the shutdown effort, and a representative strongly alluded to the enforcement move.
 
MTV Networks is merging its online digital-music offerings into a joint venture with RealNetworks in order to create a stronger competitor to Apples market-dominating iTunes Store.
This new move also appears to spell the end of MTV’s Urge digital service, launched in partnership with Microsoft. MTV’s Urge fell apart quickly with the lack of focus and few subscribers.
MTV has been investing in digital technology. They plan to invest at least $500 million in games, on top of acquisitions like that of Harmonix Music Systems the developer of the Guitar Hero game series. (WSJ)
Consumers need approximately three dominating digital retailers allowing them a couple of options.
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