EMI Officially Inks Deal With YouTube
EMI, who has got nothing to lose except more money, has inked a deal with YouTube that gives visitors access to videos and recordings from EMI artists. The deal also allows users to massage EMI’s content in their own ways, which is often a dealbreaker in negotiations. The agreement means that all four of the majors are “now official YouTube partners,” according to Chad Hurley, CEO and Co-founder of...
CBS Buys Last.fm For $280 Million
CBS has bought Last.fm, the community-based music-recommendation network, for $280 million in cash. The purchase follows CBS’ recent interest in more interactive companies, including Wallstrip.com, Joost and Spot Runner. Since its launch in 2002, Last.FM has grown as a online music service that allows fans with similar tastes to connect. The London-based service has more than 15 million active users in over 200 countries, and...
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