 RAIN 11/17: MUSIC INDUSTRY PUNISHING POTENTIAL PARTNER, SAYS HANSON ·Nov 17, 11:27 AM RAIN PUBLISHER SAYS NET RADIO COULD HELP LABELSAccuRadio founder (and RAIN publisher Kurt Hanson) told the the Florida Times-Union “Internet radio is one of the few good things that’s happened to the music industry in the past decade,” and that the music industry should be embracing the growth of Internet radio. Yet, as webcasters insist, the punishing sound recording royalty rate the music industry supports will kill the Internet radio industry, which potentially exposes artists and songs that are ignored by mainstream outlets. Various factors have combined to significantly hurt year-to-year sales of recorded music, and major record companies are reeling.
“The medium is financially viable as long as there’s a reasonable royalty rate,” said Hanson. Read the entire article online here. SEC ACCUSES CUBAN OF INSIDER TRADINGThe U.S. Securities and Exchange Commission is accusing Broadcast.com founder (and Dallas Mavericks owner) Mark Cuban of insider trading. The SEC charges that Cuban dumped 600,000 shares of Mamma.com Inc. (an Internet search company) stock in 2004 after he learned it was raising money by issuing more shares. Cuban supposedly learned about the new issue plans when Mamma.com officials asked him to participate on the condition he keep it confidential. Instead, the SEC says, Cuban ordered his broker to sell his entire stake. He allegedly avoided losses of at least $750,000 this way. Read more in the Chicago Sun-Times here.
PANDORA, ENERGIZER LAUNCH MUSIC FORUMPandora, in partnership with Energizer, has launched the Energizer Music Forum where listeners can discuss the latest in music. It also provides Energizer the opportunity to reach listeners, as the forum will be branded with the company’s logo (and an Energizer Bunny or two). This forum may represent an innovative way of collecting advertising revenue beyond simply throwing ads into Pandora’s radio streams. For more, read the press release here.
OBAMA TO TRANSFORM WEEKLY RADIO ADDRESSES INTO ONLINE VIDEOPresident-elect Barack Obama plans to port the weekly presidential radio address over to YouTube as a video. The weekly video will be posted on his Change.gov website as well. The first installment was actually Saturday’s Democratic weekly radio address. Obama’s use of the Internet transformed campaigning in the presidential election. Read more here.
IN-CAR iTUNES TAGGINGThe TUA-T550HD tuner, from Alpine Electronics, can be attached to existing car radios to enable HD capabilities along with iTunes tagging. An iPod can also be connected, with the tagging information stored within the music device. The price is nothing to write home about though at $230 suggested retail. Read more at Radio Ink here.share: del.icio.us.  Reddit  Digg  Yahoo  Wink  Windows  Google  Newsvine 
CommentCommenting is closed for this article.  Other stories RAIN has upgraded (and moved)! RAIN 9/13: RAIN Summit Chicago takes place today! RAIN 9/12: First Summit in RAIN's hometown takes place tomorrow RAIN 9/9: Summer holidays, "doldrums" impact July Webcast Metrics, but audience up over last year RAIN 9/8: Clear Channel launches new customizable iHeartRadio beta; RAIN goes hands-on RAIN 9/7: Meet more speakers you'll hear at RAIN Summit Chicago in less than a week RAIN 9/6: Clear Channel taps The Echo Nest to take on Pandora RAIN 9/2: RAIN reviews Spotify's radio-like product Artist Radio RAIN 9/1: UK online radio aggregator Radioplayer campaigns b'dcasters to create "all radio" ratings RAIN 8/31: Execs from Merlin, Triton Digital, jacAPPS and more to appear at RAIN Summit Chicago |
