Tag - EMI
The European Commission approved Universal Music's takeover of EMI Music, though it required some concessions. Universal agreed to divest nearly one third of EMI assets, including its Parlophone flagship music label in Europe. There are other stipulations, such as agreeing to a set of market controls that dictate how Universal handles contracts with digital music services.
In the latest maneuver during a legal battle with EMI that began in 2007, MP3Tunes has filed for bankruptcy. The move puts the ongoing case on hold, and could prevent a judgement in the matter. EMI isn't abandoning the suit, and as the CEO of MP3Tunes is a co-defendant in the case, he is personally facing liability for the alleged infringements.
A group led by Sony on Thursday won its side of a joint bid on EMI assets. The alliance, which includes the Blackstone Group, David Geffen, Mubadala Development, and Raine Group, was cleared by the European Commission to buy EMI's publishing wing for $2.2 billion. The deal is contingent on Sony's group selling off catalog rights for Virgin's European, UK, and US divisions, along with Famous Music UK.
ReDigi, a company that wants to sell 'used' digital music, has successfully dodged a preliminary injunction filed by EMI last month. Capitol Records, who owns EMI, argued that the service would infringe copyrights as there would be no guarantee that the seller would delete the copy of the digital track being sold. The US district judge in charge of the case, Richard Sullivan, ruled (PDF) for ReDigi, but did state the case raised a number of technological and statutory issues.
Music label EMI is now known to have sued fledgling service ReDigi for its strategy of reselling downloadable songs. New details obtained by CNET showed that EMI unusually didn't object to the doctrine of first sale, which only lets a seller collect income with the initial purchase, but rather the origins of the MP3s and other music. ReDigi isn't selling the music from paid sources like iTunes, EMI said, and by extension isn't selling legal copies.
EMI Music Publishing appears to be the latest content owner to file a lawsuit against the online music company Grooveshark. Although the music label has a licensing agreement with Grooveshark, the latter company is accused of not making "a single royalty payment" or providing any accounting statements.
Sony may be in an unintentional race with Apple to bypass the limits of traditional TV providers for its own live TV service, multiple sources might have disclosed on Tuesday night. The electronics giant is believed by the Wall Street Journal to be talking to media firms to get rights for streaming TV channels. The focus would be on Sony's own devices, ranging from Blu-ray players through to TVs and the PS3.
Google's November 16 music event is still likely to see it go without some potentially critical deals. Follow-up details reportedly slipped to AllThingsD still had Sony and Warner holding out and unlikely to reach a deal in five days. EMI was the only certain prospect, and Universal was very likely, but not certain.
(Update: confirmed) Citigroup is splitting EMI in two for a sale that's about to be imminent, according to claims Friday. Pointing to sources, the Wall Street Journal's Dana Cimilluca said that the publishing wing, EMI Music Publishing, would be sold off to a Sony consortium for $2.2 billion. The pure music label would go to Universal for $1.9 billion.
The Echo Nest, which calls itself a music intelligence platform that supplies developers with music and data, has now teamed up with EMI Music. As part of the deal, Echo's 10,000 app developers will have access to all of EMI's artists. Revenues will be shared between developers and rights holders, with EMI handling all the required licensing, clearance requirements, and marketing of the resulting apps.
Now AAPL Stock: 136.9 ( + 0.2 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE