Leading Internet Video Advertising Company to Monetize Artists' Online Presence Through Targeted Ads and Customized Brand Partnerships

One of the World's Top-Selling and Most Highly Acclaimed Music Producers Rejoins WMG; Work With Paramore Helps Band's Latest Album, "brand new eyes," Debut at No. 1 in the U.K. and No. 2 in the U.S.; Other Successful Collaborations Include Work With Black Sabbath, Eric Clapton, Phil Collins, Dave Matthews Band, Fleetwood Mac, Goo Goo Dolls, Green Day, Kid Rock, Avril Lavigne, Alanis Morissette, My Chemical Romance and Shinedown

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It's official: MySpace has closed on its acquisition of Imeem, the streaming music service. It is paying a fire sale price of $1 million, sources familiar with the situation tell me, and could pay up to $7 million to $9 million in earnouts for key employees, who will likely include...

If it can't beat Facebook, News Corp. may as well win the battle of the bands.   

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British Sky Broadcasting will this month launch Sky Songs, its long-awaited digital music service designed to compete with music services such as iTunes and Spotify. The broadcaster has agreed deals with the four major music labels, EMI, Sony Music Entertainment, Universal and Warner Music, as well as a number of...

Social networking potentially represents both a threat and an opportunity for the record labels. If, music content companies strike a balancing deal with the social networking sites then the potential opportunities outweigh the potential threats.[More...]

The second edition of  Fitch Ratings’ annual ‘Credit Encyclo-Media‘ report makes for some grim reading. As was the case last year, The Interpublic Group is only rated issuer with a “Positive” outlook .  All other companies  are either Stable or Negative: Diversified Media –CBS Corporation (’BBB’; Outlook Stable) –Cox Enterprises (’BBB’; Outlook Stable) –Discovery Communications LLC [...]

NEWSFLASH: WSJ Reporting Mark Cuban gets charged with insider trading on Mamma.com, now Copernic Inc. (CNIC) Hahaha, this is my territory with the sketchy PIPEs and volatile stocks–anybody... Visit TimothySykes.com to read full article with comments <img[More...]

Strong cash flow and fat profit margins usually insulate the media industry during times of economic stress, but that may not prove to be the case in the current downturn because of secular pressures on traditional media as advertisers move to new platforms, according to Fitch Ratings. In its inaugural “Credit Encyclo-Media” report, Fitch said higher-than-usual debt [...]

Murdoch Talks Plans: Could WSJ Be Free?, WMG Earnings and Dealing
with Digital (NWS) (WMG) (DJ)

The Hollywood Reporter Reports – Georg Calls From Ca, DJ Inches Closer, WMG Says No Thanks, and Google Takes a Bullet (GOOG) (YHOO) (WMG) (DJ) (NWS)

Sun Valley is host the dozens of media moguls this week where deal making is at a peak for the industry. Murdoch is probably the most visible CEO but listen to the cast for notes on Joost, NING, and Dow Jones. The Buggles sang Video Killed the Radio Star. Life seems to be imitating art these days as YouTube accelerates, Emmis shifts down another gear. The Money and Media podcast, features on StreetIQ, is now a simple application you can add to your Facebook profile. Add Georg and Stephen as your friends http://apps.facebook.com/streetiq (GOOG) (AAPL) (DTV) (WMG) (EMMS) (GMST) (NWS)

The Hollywood Reporter Reports: Mid-Year Stock Update, Movie and a Slurpee?, Media Moguls Group in Sun Valley (SNE) (CBS) (WMG) (BBI) (VMED) (DIS)

The New Price Wars, Dow Jones Update and The Newspaper Effect, Sue Decker Profile... Biker Chick? (YHOO) (DJ) (WMG) (AAPL) (MNI) (BBI) (NFLX) (MOVI) (NWS)