Myspace In Final Talks For Sale
News Corp. is in final discussions to sell its social media property Myspace to a group of investors that includes Activision Blizzard Inc. CEO Bobby Kotick, according to Billboard.biz. Should an agreement be reached, News Corp. would retain an approximate 20 percent stake in Myspace. Kotick, whose involvement is separate from Activision Blizzard at this point, has not yet made a full commitment to the buy. (6/10)
Hewlett-Packard To Launch Cloud Service?
According to a Billboard.biz report, computer and technology company Hewlett-Packard is in discussions with major record labels to launch its own cloud-based entertainment service that would offer music, movies and TV shows. HP will reportedly launch its TouchPad in July that will include HP stores for music and movies. HP would follow Amazon, Apple and Google in launching entertainment-based cloud services. (6/10)
EMusic Subscriber Growth Remains Flat
Online download service eMusic's subscriber base has remained flat since 2007, according to Billboard.biz. Despite the company's unchanged number of customers, eMusic has experienced a 22 percent increase in average revenue per user in the last six months. The company points to the addition of catalogs from all four major labels, a currency-based pricing system, user interface improvements, and the launch of the Access + Awards program as reasons for the growth. According to the report, eMusic will launch a new way of attracting new members in July. (6/10)