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paidContent.org - Best Buy Launches Digital Media Fund; Will Be Managed By Fuse (FKA Velocity) (Washington Post)
Napster (NSDQ: NAPS) wasn't enough. Big box retailer Best Buy, which bought the music service in September for $121 million, is launching a new media digital fund to invest in areas including music, video, games and personal media management. Flexibility at Music Labels Helping Web Start-ups Thrive (The Lakeland Ledger)
SAN FRANCISCO | With CD sales dropping fast, it is not hard to imagine how the major music labels could benefit from the growth of Web start-ups like Imeem. The company's service lets people listen to songs, discover new artists and share their favorites with friends. And in return, Imeem owes the labels licensing fees for use of the music. Best Buy Backs a Digital Media Venture Fund (New York Times)
Best Buy , the consumer electronics retailern, wants to finance the next hot digital media start-up. Best Buy is supplying the capital for a new digital media investment fund that will be managed by Velocity Interactive Group , which also happens to be changing its name to Fuse Capital. Music Labels Cut Friendlier Deals With Start-Ups (New York Times)
The changes stem from an unavoidable reality facing the music business: the economics of offering music free on the Web do not work. Music Labels Cut Friendlier Deals With Start-Ups (New York Times)
With CD sales dropping fast, it is not hard to imagine how the major music labels could benefit from the growth of Web start-ups like Imeem . The company’s service lets people listen to songs, discover new artists and share their favorites with friends. Best Buy starts digital media fund (BizJournals)
Best Buy Co. Inc. is starting an investment fund that will take stakes in digital media. (BBY) RadioShack Corporation (RSH): Zacks Rank Buy (Zacks.com via Yahoo! Finance)
Consumers continue to buy electronics as RSH's revenue climbed 5.6% in the first quarter. Music, Dance, Nature and Astronomy on Stage at Expanded Music Festival (Newswise)
The setting may be pastoral, but don't let that fool you. The University of Illinois School of Music's third annual Allerton Music Barn Festival is no turkey in the straw. Palm's music strategy: Use iTunes (CNET)
I criticized Palm back in January for not having a music strategy with the Pre. I was wrong: Palm is using Apple's. Country Singer Comes Back Home to Shoot Music Video (The Lakeland Ledger)
From May 9-16, up-and-coming country singer Hoyt Hughes visited various locations in Winter Haven, including Patterson Studios and streets in downtown, to film the music video for his song, "Ain't My Day to Save the World."
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