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Posts Tagged ‘Live Nation’

Morning Media Newsfeed: YouTube Launches Paid Music Service | FNC Special Tops Tuesday

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YouTube Music Streaming Service Launches in Beta (SocialTimes)
YouTube music has faced some challenges lately; the company lost its product manager over the summer and had disagreements with indie music labels. While news of its music offering leaked in August, Google didn’t want to launch the new service until it reached a deal with indie labels. In a bid to compete with streaming services like Pandora and Spotify, Google is finally rolling out YouTube Music Key in invitation-only beta. Re/code The company is overhauling the free version of its Android app, and next week it’ll start inviting some of its users to try a new subscription feature, which it’s building into its Android and iOS apps. GigaOM For early adopters, it will cost $7.99 per month with the first six months free, and eventually it will cost $9.99 per month, the same price as Spotify Premium. YouTube Music Key’s banner feature is that it gives subscribers the ability to listen to music without ads, as well as run YouTube as a background app on mobile devices, allowing users to listen to YouTube videos while playing a game or locking their home screen. THR With the monthly fee, users also receive access to a Google Play Music subscription, which offers more than 30 million songs and playlists for streaming. Beginning Wednesday, YouTube is also rolling out new music features for free, ad-supported music video viewing. YouTube also plans to make it easier to find an artist’s discography through their official music videos and other songs uploaded to the streamer, so a user can play a full album straight through. NYT With its new service, YouTube hopes to reform its reputation in the music industry as a phenomenal free site to promote songs, but one that pays a pittance in royalties. As YouTube pushes into paid content, other online music outlets — under considerable pressure from the recording industry — are being forced to defend or change their business models to better compensate artists.

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Madonna Breaks Up With Warner Music

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Warner Music waved bye-bye to Madonna, and watched as concert promotion giant Live Nation signed her to a 10 year deal for $120 million.

She’ll get a general advance of $17.5 million and advance payments for three albums of $50 million to $60 million, and $50 million in cash and stock in exchange for Live Nations’s right to promote her concert tours, according to sources who talked to the Wall Street Journal. Those albums will have to sell around 15 million copies to recoup those monies. Unlikely.

Warner will keep the rights to the singer’s back catalogue and she owes them one studio album.

At 49, Madonna’s still a concert draw, and grossed $194 million during her 2006 Confessions tour. Live Nation would get only 10% of those revenues, but they do get the merch. rights–Madonna perfumes, Madonna ringtone, Madonna holy water.

Louis Hau in Forbes thinks this deal establishes Live Nation as a serious player.

Peter Kafka points out that Warner is so-o-o-o lucky.