Music Ally

As a quick extra to our coverage of Warner Music Group’s latest quarterly results last week, the company’s official filing has put a number to its investments in music websites Imeem and Lala. WMG invested $15 (more…)

There may be trouble ahead for Last.fm, as the major labels use its acquisition by CBS to exert pressure over its commercial terms. Warner Music Group has just pulled its music from Last.fm’s free music streaming service, with a source telling Billboard that its compensation rates were completely out of whack with rivals such as Imeem and MySpace Music. Co-incidentally (or not), WMG has equity stakes in both those rivals, but not Last.fm. The latter’s parent company CBS says negotiations are ongoing to get WMG’s catalogue back on the service.