insights from the digital future
Strong sales of new releases from the top ladies in song and multiple reissues of classic albums made the first half of 2011 the best 6 months for album sales since 2004, according to Nielsen SoundScan.
The one percent increase in sales is little more than a tiny bright spot for an industry which has gone into a tailspin over the past decade. The major labels failed to capitalize on emerging digital distribution models early on and do not look to be in a position to recover any time soon.
After months in search of a buyer, Myspace has finally been acquired. In an email to employees late Wednesday morning, CEO Mike Jones broke the news to employees in an email late Wednesday morning, according to TechCrunch.
Specific Media will acquire the fledgling social network turned social entertainment site for $35 million according to All Things D.
“Today, we are announcing that Myspace will be acquired by Specific Media, one of the world’s leading online media and advertising platforms,” Jones wrote in the email addressed to Myspacers. “Over the next few days you will be hearing from the team at Specific, including their CEO, Tim Vanderhook, regarding their exciting plans for Myspace and how it fits in with the overall vision of their company.”
Jones indicated in the email that a significant reduction in staff was imminent, adding that he would be stepping down as CEO of Myspace after assisting with the transition to Specific Media over the next two months.
Continue reading “Once-Mighty Myspace Acquired for Measly $35 Million”
Photo from an in-class exercise at a Tiziano Project workshop on the San Carlos Apache Reservation in Arizona this week.
A Los Angeles-based startup with a mission to enable multimedia storytelling in communities worldwide that otherwise lack necessary resources and training was awarded a $200,000 grant by the Knight Foundation on Wednesday.
The Tiziano Project‘s Tiziano 360 project was one of 16 ideas to win a prestigious Knight News Challenge grant awarded to fund internationally relevant innovative media and digital news concepts.
Continue reading “Tiziano Project Wins Knight News Challenge Grant”
A few hundred KCRW members were lucky enough to see one of today’s finest live-performing bands in a rare intimate performance at The Village studios in West L.A. Tuesday night.
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Continue reading “My Morning Jacket Rocks The Village to Benefit KCRW”