MySpace acquires iLike
After days of chatter, MySpace made its acquisition of social music discovery startup iLike official today. The company, which is best known for its popular Facebook music app, will see its social discovery technology applied in new areas such as gaming, according to MySpace CEO Owen van Natta. To that end, iLike was acquired by MySpace Inc., not MySpace's digital music joint venture.
According to the acquisition announcement, the current iLike experience that users have come to love will be "unaffected by
the acquisition" and iLike will continue to be headquarted in Seattle.
YouTube goes silent in the UK as music videos blocked
Digital music is the future of the recording industry but sometimes you wonder if we'll make it to the future with all of the fighting that takes place over licensing.
The online music market is no stranger to disputes and the latest is resulting in premium music videos on YouTube being turned off for UK users.
US court: digital music sales are like CD sales
You can't fault them for trying, but a federal jury handed Eminem's former production company defeat in its lawsuit against Universal Music Group (UMG).
The company's lawsuit asked the question: should digital sales of Eminem's music be treated like physical sales or were they part of a licensing agreement?
Were reports of the entertainment industry's death greatly exaggerated?
There has been a lot of talk about the decline of the traditional entertainment industry the past several years.
As a growing and maturing Internet has become a much more powerful medium for the distribution of media, traditional entertainment enterprises, from television networks to record labels, have increasingly faced new challenges that many argued threaten their survival.
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Web 2.0
Graham Charlton
Strategy & Planning
