As shown in class for a couple of minutes. Here Chris DeWolfe (MySpace), Edgar Bronfman (Warner Music Group)and John Battelle (Federated Media) discuss the future of music (and industry) at this years Web 2.0 summit.
Check out some more interesting videos and info on the web 2.0 summit here and here
Former Facebook executive Owen Van Natta is now assuming CEO stripes at Playlist Inc., the controversial playlist creation and playback service. The company officially announced the development on Tuesday. Playlist (playlist.com), also referred to as Project Playlist, pulls content hosted across the web, and deftly assembles on-demand playlists for users. Just like Seeqpod, the clever idea has gone en fuego, though it also attracted a major label lawsuit in April of this year.
The lawsuit complicates the equation for investors, though the company is still attracting fresh funding. Playlist indicated that Pilot Group had now invested in the company, and that Pilot founder Bob Pittman would be joining the board immediately. The Wall Street Journal estimated a round within the range of $18-20 million, kindling for endless lawyer fees and litigation.
Van Natta reportedly turned down an offer to head MySpace Music, partly because of a desire to command a standalone company. “Project Playlist’s unprecedented growth proves that consumers are looking for new ways to discover, share, and buy music on the web,” Van Natta said.
Warner Music Group head Edgar Bronfman Jr. told attendees at last week’s Web 2.0 Summit that all new artist contracts at WMG will be 360 deals. Silicon Valley blog TechCrunch went on to report that 1/3 of the artists currently signed to the label were already working under this kind of comprehensive arrangement which can involve label control of revenue from publishing, web sites, merchandise, touring and all other aspects of the artist’s career.
Wmg But many questions about WMG’s 360 plans remain unclear. Is the 1/3 of the roster claim accurate? It seems high for a concept that is at most two years old. And what exactly does a WMG 360 deal mean? From an artist and manager’s perspective, what value is WMG adding that warrants the additional contractural restraints; or has an era of falling sales revenue simply made the 360 deal neccessity?
Most intriguing is how the new Ticketmaster Entertainment figures into WMG’s 360 plan. The label group was heavily invested in the now merged Front Line and has 2 seats on the combined venture’s board. New CEO and mega-manager Irving Azoff has promised much more than just tickets from the new Ticketmaster. How does WMG fit into that plan and what does Bronfman hope to get for his company from the investment?
See also
Source: Hypebot
Kevin Kelly (born 1952) is the founding executive editor of Wired magazine, and a former editor/publisher of the Whole Earth Catalog. He has also been a writer, photographer and conservationist. Kelly is a student of cultures (Asian ones in particular) and is considered by some an expert in digital culture.
Here he is presenting his vision of the future of the internet at this years Web 2.0 Summit;
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