45 posts and columns on EMI Music Group
News ByteGreenLight Music, a Web-based music-licensing exchange run by Corbis, the Seattle-based company best known for its photo-licensing operations. GreenLight is designed to let professional users, like commercial producers, quickly clear the rights to songs owned by big labels like Sony, Warner Music and EMI. GreenLight will take a fee ranging from 10 to 20 percent of each transaction.
Amazon rolled out a cloud-based music service last month, without the approval of the big labels. But sources say Apple is seeking licenses–and paying up–for the rights to do something similar, and already has some pacts inked.
Spotify is set to cash a very big check. And while the big music labels would like to get their hands on most of it, immediately, they won’t. So how will the streaming service spend its dough?
News ByteNew York Times. Warner Music Group has also hired Goldman Sachs to help it buy all or a portion of longtime rival EMI Music Group, the Times reports. The Times politely calls this an “unusual two-track process,” but it makes perfect sense for Goldman, which gets paid no matter what.
This doesn’t get them into the States, but it gets them a lot closer: Music service Spotify has finally signed with Sony for a U.S. distribution deal. Multiple sources tell me the deal, which has been very close since last fall, is now closed.