Warner Music Group going online
Warner Music Group going online
Warner Music Group is planning to launch an online-only music label by year's end.
The "e-label" venture would develop new artists and distribute their music exclusively via the Internet.
According to WMG, the new label would allow artists time to develop their music, without the deadline pressures associated with producing an album in the traditional sense. Instead, the "e-label" will release songs in clusters.
The new venture will also eliminate the costs of CD production and packaging.
WMG said all artists signed to the "e-label" will retain ownership of their master recordings and copyrights to the songs.
This will be the second foray into an online-only label. Universal Music Group launched an online-only label in November, peddling the songs of about 12 artists on online music stores, such as iTunes and Rhapsody.
Warner Music Group (NYSE: WMG) is based in New York, with its Warner/Chappell publishing unit in Los Angeles. The Warner/Chappell unit is the second largest music publishing businesses in the world, holding the rights to more than a million songs.
Warner Music Group is planning to launch an online-only music label by year's end.
The "e-label" venture would develop new artists and distribute their music exclusively via the Internet.
According to WMG, the new label would allow artists time to develop their music, without the deadline pressures associated with producing an album in the traditional sense. Instead, the "e-label" will release songs in clusters.
The new venture will also eliminate the costs of CD production and packaging.
WMG said all artists signed to the "e-label" will retain ownership of their master recordings and copyrights to the songs.
This will be the second foray into an online-only label. Universal Music Group launched an online-only label in November, peddling the songs of about 12 artists on online music stores, such as iTunes and Rhapsody.
Warner Music Group (NYSE: WMG) is based in New York, with its Warner/Chappell publishing unit in Los Angeles. The Warner/Chappell unit is the second largest music publishing businesses in the world, holding the rights to more than a million songs.
1 Comments:
wow that will take a lot of work.
Post a Comment
<< Home