Music Labels Score Big From YouTube Sale To Google
Vivendi’s Universal Music Group, Sony and Bertelsmann’s jointly owned Sony BMG Music Entertainment and the Warner Music Group are set to cash in from Google’s $1.65 Billion dollar buyout of YouTube. Each adroitly negotiated to take small stakes in YouTube as part of video and music licensing deals they struck shortly before the sale. The music companies collectively stand to receive as much as $50 million from these...
Hooj Choons Label Set For Comeback
You can’t keep a good label down. After a 3 year hiatus Hooj Choons has announced a full scale return in early 2007. So says the Hooj Choons website. One of the more influential progressive house labels folded in 2003, when the genre had run its course in the UK and fallen out of flavor in the clubs. But now the label is set for a return, and has begun releasing its back catalog on Beatport. According to Hooj, “As a taster...
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