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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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TuneIn Brings Live Music Experiences to the World

Category : Stocks

Summer Music Festivals and Live Music Stations Available to Everyone, for Free

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RAYMOND WEIL – "Music Maestro"

Category : Stocks

GENEVA–(Marketwired – Apr 25, 2013) – In Geneva, 22 April 2013, three days before the official opening of Baselworld. Like musicians tuning up their most beautiful instruments, RAYMOND WEIL staff are working at a brisk tempo, making the final preparations for what is going to be the musical masterpiece of the year. It is on the occasion of this inescapable watchmaking event that the family Brand will unveil its new film in which the fusion of music and watchmaking has never been so complete. The Swiss watchmaker will also present its new stand… its “music box.” More than an inspiration, the music becomes a marketing instrument.

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Mobile Streamed Music Revenues to Rise More Than 40% This Year to $1.7bn, Juniper Research Finds

Category : World News

US Poised to Become Leading Market for Mobile Music Streaming as Apple Launches iRadio

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VIDEO: HMV: Where did it all go wrong?

Category : Business

Restructuring specialist Hilco has clinched a deal to rescue music and DVD retailer HMV, but where did it all go wrong for the once-dominant music retailer?

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HMV sold in deal saving 141 branches

Category : World News

Collapsed music and DVD retailer HMV is rescued by restructuring specialist Hilco in a deal believed to be worth £50m.

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Olympic Games hits live music income

Category : Business, World News

The body which collects and distributes song royalties for artists finds live music revenue was down by 15% from 2011 to 2012.

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New York court casts doubt on resale of digital music in ReDigi case

Category : Business

Judge says ‘second-hand’ service infringed on Capitol Records’ right to reproduction but experts suggest issue is not resolved

The legality of selling digital music in the same way as an old book or CD has been called into question, after a New York court ruled that the act is in violation of the copyright act. A New York federal district court judge, Richard Sullivan, ruled that the digital music reselling company ReDigi had infringed on Capitol Records’ rights to reproduction.

“Right now, there is no future for reselling digital music, but I don’t think this is the last word,” said Christopher Jon Sprigman, a law professor who is a co-author of the Knockoff Economy.

Capitol Records filed a complaint against ReDigi in January 2012, instigating a challenge to protections of the first sale doctrine – which gives owners of copies of products the ability to lawfully sell or lend a product, thereby allowing used bookstores, libraries and video rental stores to exist.

ReDigi, which launched in October 2011, allows people to sell digital music files at a lower price than that for which they were purchased. To resell digital music, users download software that determines if their music is eligible to sell. People can only resell music purchased on ReDigi and iTunes, and cannot sell music ripped from CDs or downloaded from file-sharing sites. The software continues to run scans on the user’s computer, to make sure users do not keep digital music files they have sold; people caught violating this rule have their accounts suspended.

The court determined that ReDigi is not protected by first sale because to resell music on ReDigi, the file must be transferred to the company’s servers in Arizona – which requires a technical, unauthorized recreation of the file. Sprigman said: “Yes, it’s making a copy, but only in the driest, most formal sense of making a copy.”

Sprigman said ReDigi’s process was “fairly reliable” and offered a way to transact digital goods without resulting in the proliferation of copies of a product. “From an economic basis that’s no different from taking the book that’s sitting on your bookshelf and putting it in a used bookstore,” he said.

If the digital reselling of music becomes a successful industry, the recording industry will likely see an increase in competition – just as the book industry has seen with an increase in second-hand bookstores. “Capitol Records doesn’t want the price of digital music to be disciplined,” Sprigman said. “In other words, it doesn’t want competition.”

Amazon, which includes the sale of used books as part of its business, recently patented an electronic marketplace that would permit the reselling of digital goods. The move sparked uproar from those who fear it will steer money away from the book and music industry.

Judge Sullivan said in his summary that his decision would not exclude all digital works from resale and that people could still sell a product that contains a musical recording, “be it a computer hard disk, iPod, or other memory device onto which the file was originally downloaded.” While he admitted that this presented obstacles to resale, he said it was up to Congress, not his court, to determine whether this was an outmoded way of thinking.

“The first sale defense does not cover this any more than it covered the sale of cassette recordings of vinyl records in a bygone era,” he wrote.

This case is the second of two closely watched first sale cases this year. In mid-March, the Supreme Court ruled that the first sale doctrine protected someone who made a business by selling textbooks he had purchased overseas.

Universal Music launches new label

Category : Business, World News

Universal Music UK has announced the launch of a new label which brings together Virgin Records and Mercury Records under one name.

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David Bowie tops albums chart for first time in 20 years

Category : Business

Bowie’s new album The Next Day is UK’s fastest-seller of the year, as V&A exhibition also opens

David Bowie’s first album in a decade has become the fastest selling of the year, hitting No 1 in its first week of release.

The Next Day is the singer’s first No 1 since 1993′s Black Tie White Noise.

The album sold 94,000 copies this week, according to the Official Chart Company, outselling the number two album from Bon Jovi two to one.

The announcement of The Next Day took the world by surprise in January, when Bowie released the single Where Are We Now? and broke the news that he had also recorded a full album. Those involved in its making had been sworn to secrecy.

Writing of the record in the Observer, Kitty Empire said “if it is the mark of a satisfying album that you want to absorb every last note and reference, then The Next Day is a banquet“.

The album’s appearance coincides with the start of David Bowie is at the V&A museum in London, a retrospective of the 66-year old’s career and influence. Critic Alexis Petridis said that “even when the exhibition is covering well-trodden ground, it manages to dig up stuff that’s fresh and illuminating“.

Bowie’s wife Iman also hinted last week that the singer may, contrary to denials, soon head out on tour.

The Next Day’s first week sales beat that of the previous fastest-selling UK album in 2013, Biffy Clyro’s Opposites which sold 71,600 in its first week on sale in January. As well as Where Are We Now? it has also yielded the single The Stars (Are Out Tonight).

Free crisps and water: on the support-act trail with the Neighbourhood

Category : Business

Earning £50 a gig, shunned by the headliners, living on junk food and playing to audiences who couldn’t care less, support acts have it tough. Or do they? Michael Hann spends a night with the Neighbourhood to find out

It’s 7.01pm and, backstage in a green room so cold their breath

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