record companies

Is Tesla Working On Its Own Streaming Music Service?

Is Tesla Working On Its Own Streaming Music Service?

Tesla already makes cars, solar panels and roofs, and CEO Elon Musk also dabbles in space travel, so maybe it’s not that big of a stretch that he’s also looking to create a new streaming music service. [More]

EMI To Go DRM-Free

EMI To Go DRM-Free

The Wall Street Journal is reporting that EMI, a Big Four music label and RIAA member, will release “significant amounts of its catalogue” unencumbered by DRM. The announcement from EMI is expected at an 8 a.m. EST press conference in London, featuring Apple CEO Steve Jobs.

Privately most labels rejected the idea out of hand, but EMI, the world’s third-largest music company by sales, was already quietly exploring the idea of dropping DRM. EMI has struggled to overcome poor results and a laggard digital strategy, potentially contributing to its willingness to take a bold stance on DRM.

EMI will make the DRM-free portions of its catalogue available for download via iTunes. We wonder how the RIAA will react. — CAREY GREENBERG-BERGER

EMI May Unshackle Catalogue, Usher In Second Dawn Of DRM-Free Music

The New York Times reports that EMI, one of the Big Four labels, may soon release its music without DRM. The third largest label behind Universal and Sony, murmurs of EMI intentions come on the heels of Steve Jobs’ appeal for DRM-free music.

DRM-Free Music in “One to Two Years”?

The New York Times has an article today detailing the MIDEM music industry conference, and are reporting that at least 4 major record companies “could move toward the sale of unrestricted digital files in the MP3 format within months.”