Lightspeed Launches JamNow – Free Music Collaboration Destination
Lightspeed Audio Labs Inc. has launched JamNow, a music cooperative that claims it’s the “first-of-its-kind destination where collaboration, entertainment and social networking intersect in a real-time music ecosystem.” JamNow provides a virtual studio and venue for musicians, jammers and fans alike to participate in the music-making process on a large and secure scale, where unique musical content is shared with...
Viacom Dumps MTV / VH1 Russia For $360 Million
Wayfarer Media Limited, the holding company of the MTV Russia and VH1 Russia TV networks, has been purchased by Estermina Ltd. Wayfarer had been 53% owned by Viacom’s MTV Networks International, 42%-owned by private equity firm Russia Partners and 5% owned by the European Bank for Reconstruction and Development. Estermina, a company acting on behalf of Russian diversified media company Prof-Media, operates a nationwide chain of...
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