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Acquisition of UK’s social networking platform Profile Heaven. Terms

Acquisition of UK’s social networking platform Profile Heaven. Terms were not revealed
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New website plans to stream live gigs from venues across

New website plans to stream live gigs from venues across America
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Raveta debuts online music collaboration tool Audio

Raveta debuts online music collaboration tool Audio Fabric
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Search

Yahoo’s click through rate will increase from 11.4% in 2006 to 12.4% in 2007 due to their new search algorithm, Panama, which ranks paid search keyword advertisements by bid and keyword quality. This will boost income...
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Usage

Revenue for the global entertainment and media market will reach $1.8 trillion by 2009.
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China Unicoms NewSpace to broadcast Global Music International

China Unicoms NewSpace to broadcast Global Music International
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Canadian digital music store Puretracks launches a collection of DRM

Canadian digital music store Puretracks launches a collection of DRM free MP3s
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USD

USD
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Video

Internet video is expected to generate $5.8 billion by 2011, with ad-supported streaming to PCs and TVs accounting for $1.7 billion, while consumer spending on movie and TV downloads will top $4.1 billion — up from...
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Big Machine Records to provide content for Motorola`s iRadio

Big Machine Records to provide content for Motorola`s iRadio service
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MTV’s parent company Viacom announces licensing deal with new

MTV’s parent company Viacom announces licensing deal with new internet TV service Joost
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Warner Music Japan targets market of songs for cell phones

Warner Music Japan targets market of songs for cell phones specialized for boomers