Tag archive: music labels

Apple wants to launch its cloud music storage service and the labels aren't going to get in its way. The NY Post reports that the Cupurtino company will pay somewhere between $25 and $50 million, in advance, to each of the four major music labels. Doing the math, that means somewhere between $100 and $200 million dollars to get the service off its feet. CEO Steve Jobs is expected to unveil the service this coming Monday at WWDC, along with… Read More

Back in April, Google's YouTube and Universal Music announced plans for a new joint venture music video site called Vevo, with the idea of breaking music videos from major labels out of the amateur-land of YouTube and onto a premiere destination which would get lots of traffic and be able to generate more ad revenue. In June, Sony said it would get on board with Vevo, and now industry reports have Vevo in talks with NBC and CBS to… Read More

With its ownership of premier music labels and its foundation in electronics, Sony had all the tools to create its own version of iPod long before Apple's product came to market in 2001. But Sony has long wrestled with how to build devices that let consumers download and copy music without undermining sales in the music labels or agreements with its artists. Read more at CNET News.com.