I prefer content and posts with a coherent theme, but I have a couple of bits that I thought were interesting. Here they are:
(1) Sony BMG creates a music label for LGBT artists
(2) Korn has entered an unusual contract with its music label and concert promotors
Under the terms of the arrangement, Live Nation Inc. will share far more than is typical for a promoter, which normally receives a cut of the band’s box-office sales but little else. Instead, the company is paying roughly $3 million for an estimated 6 percent stake in the band’s box office, licensing, publishing, merchandise and CD revenue for its recently released album, “See You on the Other Side,” and its next album, music industry executives involved in the deal say. Live Nation will also be the exclusive promoter of Korn’s concerts in the United States.
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The deal reflects a new twist on relationships that generally involve only two players. Music acts sign contracts with record labels to distribute their CD’s; the acts strike separate deals with concert promoters to market their live performances. The labels and promoters historically have not shared in each other’s earnings, but under Korn’s arrangement with Live Nation – and an earlier all-encompassing pact that the band struck with the music giant EMI Group – the money will flow into one shared pot. The three-way partnership is the latest example of how the various players in the music business are scrambling to keep pace with a shifting market.
(3) Killing the iPod
(4) Copyrights keeping older music down and out