Now that MySpace has finished its acquisition of iLike, what is it going to do with it? Don’t think music, MySpace CEO Owen Van Natta stressed in a press conference today, think about “socialization of content.”
What does that mean? It means the social network has spent $19.5 million on engineering talent to help overhaul its site.
Michael Jackson’s funeral service starts at 1 pm Eastern today and you will have to try very hard not to see it: In addition to wall-to-wall coverage on the news channels, any Web site capable of live-streaming the event will be doing so. Is the Internet ready for the coming traffic jam? I’m betting it is.
Did you want to buy or sell a media or tech company in the last six months? Chances are you didn’t: New data from banker The Jordan, Edmiston Group say the M&A market for the first half of 2009 was nearly nonexistent, at least compared to the post-MySpace Web 2.0 heyday. One exception to the drought: A booming market for mobile companies.
Digital music start-ups seem to come in two flavors these days: Those being sued by the major music labels and those with expensive licensing deals they can’t afford.
But for some reason, plucky Grooveshark, which runs a very nice, free streaming music service, has stayed out of both of those buckets until now. I’ve confirmed that EMI Music Group is suing the site–whose motto is “Play any song in the world, for free!”–for copyright violation.
The promise of “virtual goods”–pretend things you buy with real money in cyberspace–has lured entrepreneurs and venture capitalists for years. Same goes for mobile payments–using your iPhone instead of your Amex to buy stuff. But what if you combined the two? You’d have a market that barely exists yet is worth fighting over. At least that’s what Zong and Boku are doing.
Hey, here’s some “process journalism” for you: Anyone know what happened at the Hulu board meeting in Los Angeles on Monday? Besides News Corp. digital boss Jon Miller taking his seat on the board? Inquiring minds want to know! In the meantime, enjoy Jon Stewart tearing apart CNN’s clumsy attempts to use Facebook and Twitter to augment its… reporting.
The music industry’s online forays have always inspired head-scratching, but this one is odd even by those standards: Project Playlist, the online music service currently being sued by Warner Music Group and Universal Music Group, is bolstering its tech staff by buying the assets of… a music service owned by Universal Music Group. But the lawsuits have yet to be resolved. Confusing? Of course.
The online classifieds Web site is shutting down its “Erotic Services” section under pressure from state and local officials from around the country. In its place, Craigslist will open an “adult” category. It promises to keep said area cleaner by having employees sweep it periodically for ads that are obviously soliciting prostitution, etc. It won’t keep Craigslist free of bad stuff, but it may make it harder to find.
Anyone want to buy an Internet company with plummeting ad sales? That’s Time Warner’s AOL, at least for now: Tim Armstrong’s new company saw ad sales drop by 20 percent in the last quarter, following a quarter in which they plummeted 18 percent. The good news: Things can’t get a lot worse.
Remember all the way back, a couple weeks ago, when everyone was talking about Twitter and Oprah and Ashton Kutcher and the millions of people who were joining Twitter every week? Turns out the majority of those new Twitterers–three out of every five–won’t be back in May. That’s a problem, says Web measurement service Nielsen.
As All Things Digital reported earlier today, MySpace CEO Chris DeWolfe is stepping down from his post, but will stay on board as a “strategic advisor” to the company. MySpace owner News Corp. didn’t name a successor to DeWolfe, but we believe the company is close to bringing Owen Van Natta, the former COO at Facebook and current CEO of Project Playlist, in as a replacement. News Corp. also said that it is in talks to move aside Tom Anderson, DeWolfe’s longtime partner, from his position as president.
MySpace CEO Chris DeWolfe is likely to be on his way out of the company he helped found, and News Corp., which bought the social network in 2005, has a single potential successor in mind. Sources say that person is former Facebook COO Owen Van Natta, who is currently CEO of music start-up Project Playlist. People familiar with the matter tell me that DeWolfe and News Corp., specifically new digital boss Jon Miller, are discussing a leadership change today.
EMI Music Group, which sued Web music start-up Project Playlist nearly a year ago, has dropped its suit and will start providing its catalog to the site, which offers free streaming music. The settlement, in conjunction with an earlier deal struck with Sony’s Sony Music Entertainment, means that Project Playlist now has deals with two of the big four music labels. But Warner Music Group and Vivendi’s Universal Music Group are still suing the company.
Here’s a tiny bit of sunshine, via ComScore CEO Gian Fulgoni: E-commerce sales were up two percent in February. That’s not much, but it’s better than the fourth quarter of last year, when e-commerce sales declined for the first time ever, dropping three percent. Best-case scenario? “We might well have bottomed out with consumer spending.”
George Kliavkoff, who left his job as NBC Universal’s chief digital officer last year, has a new, similar-sounding gig: He’s going to work at at Hearst, where he’ll run digital operations for entertainment head Scott Sassa.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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