News Bits
Todays News Bits:
- Myspace confirm rumours that they will be cutting staff by nearly 30% today. Myspace currently employs 1,600 people meaning that around 480 employees will lose their jobs. (TechCrunch)
- Radio advertising revenue will continue its decline, while satellite radio and out-of-home media, like billboards, will continue to grow, according to PricewaterhouseCoopers media outlook released today. (Billboard)
- A recap of Day 1 of the Capitol vs. Jammie Thomas file-sharing case. The jury consists of seven women, five men and no current LimeWire users. The defense’s lawyer said the labels cannot prove Thomas did anything illegal. MediaSentry explained how it collected information and tracked the shared files to the IP address that was later identified by Charter Communications as belong to the computer of Thomas. (Copyrights & Campaigns)
- Imeem announce they are happy with their mobile ad numbers and beat their Q2 sales target. Imeem is now installed on over a million mobile platforms and can be found on 2 out of 3 Android phones. It is also rumoured that they have rekindled their relationship with Warner Music Group. (TechCrunch)
- According to eMarketer’s ‘Digital Entertainment Meets Social Media’ report; 82.6% of music sales will be digital, up from 41% in 2009. (eMarketer)
Categories: Industry News
Recent Comments