MusicDish e-Journal - February 22, 2018
MusicDish Advertising Network
» HOME » INSIDER SCOOP » CAREER TIPS » MUSIC SPOTLIGHT » MUSICDISH*CHINA
» INDUSTRY INTERVIEWS » NEWS BEAT » DIGITAL SKOOL » OPEN REVIEW » MUSICDISH EDELWEISS
Search MusicDish e-Journal (Advanced)
Subscribe To MusicDish e-Journal
About | Contact | Advertise | RSS | Submit Article | Submit News | Artist Development | Premium PR Distribution
Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network

Markets are funny. Ask MP3.com
Vivendi Universal Acquires MP3.com
By LTVNET
(more articles from this author)
2001-05-21
Comment | Email | Print | RSS

The big news this week is Vivendi Universal's buyout of MP3.com. As expected, all the reports seem compelled to draw comparisons with the Bertelsmann/Napster deal. But perhaps the bigger story is this apparent trend in the entertainment tech business. Plaintiffs giving money to defendants? I thought it was the other way around? I say let's all do something illegal, grab Web market share, get sued and make money!

Almost a year ago, I interviewed CEO Michael Robertson about his company's legal fights, back when they were still negotiating settlements with major record labels. To hear that interview, click here. (mp3 - 1.7M)

Was this a good move for MP3.com? Yes it was. If I'm Mr. Robertson, I'm thinkin', "Cool. No more lawsuits specifically aimed at my demise? No more endless nights of devising schemes to make shareholders feel comfortable about our growth potential? Very cool."

On the other hand, we shouldn't minimize the fact that Universal went from a $53m judgment against MP3.com to buying them at $5 per share, a 66% premium over last Friday's $3 per share. Only a couple months ago, you could buy MP3.com for well under $2 a share.

This all happened within a six-month period. What the hell's goin' on? lol

I mean, I know $372m ain't squat to Vivendi Universal, but what are they thinking? Seriously.

Yes, they get the MP3.com domain name. Yes, they get a bunch of MP3.com recording artists. (But U can get artists anytime) They even claim that MP3.com has great untapped technology that will benefit Universal's online business. (I can't wait to see it)

But I think fear was a main catalyst behind this move, as well as other recent moves in the world of online music distribution. The majors understand that they have to be aggressive, but they're not very clear about what they should be doing. The result is an array of "online strategies," none of which address what caused this madness in the first place.

YOUR PRODUCT COSTS TOO MUCH!

Stay tuned; the whacky war over online music distribution is far from over.

Linkography

Bertelsmann - www.bertelsmann.com
MP3.com - www.mp3.com
Napster - www.napster.com
Vivendi Universal - www.vivendi.com

Related News from Mi2N:
» Vivendi Universal Acquires MP3.com In Move To Strengthen Digital Distribution Capacity And Web Audience
» Vivendi Universal Total Revenues For First Quarter 2001
» Universal Music Group Announces Close Of Successful Initial Offering Period And Provides For Subsequent Offering Period In Its Cash Tender Offer For EMusic.com


Home » News Beat » Markets are funny. Ask MP3.com
Permalink:http://www.musicdish.com/mag/?id=3882
Email |Print |Comment |RSS

back | top


MusicDish Advertising Network

News Beat

» ICE and Facebook Reach Multi-Territory Music Licensing Agreement

» B-Reel Named Top 10 Most Innovative Company in Music by Fast Company

» VNUE Inc. To Acquire Music Rights Startup Soundstr

» Viberate & Imogen Heap Strive To Give Equal Opportunity To Every Artist

» Mixcloud Taps Gracenote for Advanced Music Recognition

News Beat Directory



» [2018-02-21] Briony Turner And Alec Boateng Promoted To Co-Heads Of A&R, Atlantic Records UK; Turner And Boateng Will Oversee The Atlantic A&R Team, Joint Projects, As Well As Maintaining Their Own Artist Rosters

» [2018-02-21] ICE And Facebook Reach Multi-Territory Music Licensing Agreement; New Deal Will See Songwriters And Composers Remunerated

» [2018-02-20] B-Reel Named Top 10 Most Innovative Company In Music By Fast Company; Global Creative Agency Receives Honor For Its Award-Winning Gorillaz Campaign

» [2018-02-18] YG PLUS And Gracenote To Bring K-POP To Fans Around The World; Gracenote And YG PLUS To Make All K-POP Music More Searchable And Discoverable On Global And Regional Streaming Music Platforms And Services

» [2018-02-17] VNUE Inc. To Acquire Music Rights Startup Soundstr; VNUE Acquisition Aims To Ensure A Fairer Royalty System

» [2018-02-17] Is Podcasting The New Radio?; 25% Of Surveyed Americans Say They've Listened To A Podcast In The Past Month, Up From Less Than 10% In 2008

» [2018-02-01] Insomniac Announces Inaugural Electric Daisy Carnival China Set To Debut In Shanghai; China Marks EDC's Second Location On The Asian Continent

» [2018-02-01] Viberate & Imogen Heap Strive To Give Equal Opportunity To Every Artist; Heap's Main Role In Viberate's Advisory Team Will Be To Help Further Guide Us Toward A Second To None Service For The Live Music Segment

» [2018-01-22] Italian Independent Music Collective Fil1993 Group Signs With MusicDish*China; MusicDish*China Will Be Developing Their Online Presence And Social Media In China As Well As Releasing Their Catalogue To Chinese Streaming Music Services

» [2017-12-25] MusicDish*China Presents 'Savage Guitarist' Todd Clouser In Beijing; As Part Of His #YouTheBrave Asia Tour That Includes 8 Shows Across Japan, Todd Will Be Giving Solo Shows At Laifu Livehouse On 12/27 And Temple Bar On 12/28

» [2017-12-20] Mixcloud Taps Gracenote For Advanced Music Recognition; Next-generation Audio Fingerprinting Helps Mixcloud Identify And Catalog Copyrighted Music Within User-generated Content

» [2017-12-18] Copyright Royalty Board Increases Sirius XM Royalty Rate; Judges Announce Royalty Rates And Terms For Satellite Audio Radio Services (SDARS) And Preexisting Subscription Services
MusicDish Advertising Network

follow MusicDish on
Follow MusicDish on Twitter

Mi2N Music PR

Hybrid Studios Hosts Annual NAMM Afterparty

High Definition Music Card - The New Way To Experience Music!

DEATH BY MISADVENTURE, New True Mystery Podcast Launches 31st January 2018

Music And Kids Joins Forces With Carnie Wilson, With Plans To Provide One-on-One After-School Music Education To Thousands Of Middle And High School Students

Don Dawil's Valentine's Day Debut Latin Single "Necesito Verte"

Taking Applications - The 23rd Annual USA Songwriting Competition

The International Music Consulting Firm GINGIO Hosts Events At NAMM And Grammy Weeks



Websites: Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network
Services: Submit Article | Submit News | Submit Video | Artist Development | Premium PR Distribution

Copyright © 1997-2018 MusicDish LLC., all rights reserved.
About MusicDish e-Journal | Contact Us | Advertise | RSS | Internships