May 30, 2007

Today, in the music business...

Terra Firma raised their offer for EMI, and set'd up June 27 as the aquisition deadline.

On other field, CBS bought Last.fm, which not only dictates the end of Last.fm's financial problems, but also their move to the USA's legislation, with all that it might imply.

Finaly, NYTimes tells us that "CD sales have plunged more than 20 percent this year", and they talk like that is the end of music, and its cultural value. But they also tell us that "more than half of all music acquired by fans last year came from unpaid sources including Internet file sharing and CD burning, according to the market research company NPD Group", which, from my calculus, tells us that we have a rise on music (roughly 40%), which is far from the idea that music is diying.

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