7digital has been making leadership changes in an effort to improve its financial situation. After a shake-up in the board of directors, the B2B music company has announced that its CEO and CFO are stepping down after just a few months in those roles. Continue Reading
7digital, the B2B music provider, may be facing bankruptcy this summer. The company’s leadership did not pass a resolution this week during its general meeting, which means it needs to raise $5.5 million by July 31. Continue Reading
Naxos of America has withdrawn its catalog from eMusic, claiming “continued non-payment” from the platform as its reason. Effective immediately, music distributed by Naxos will no longer be available on eMusic. The move includes both Naxos’ library and the libraries of third-party label partners that the company distributes. Continue Reading
eMusic has experienced many iterations over the course of its long history in the music industry. The latest iteration of the company has returned to its subscription download model, a return to its roots that runs counter to one of the strongest recent trends in the business. Continue Reading
7digital is partnering with eMusic to power the digital music platform following its re-launch. Under this arrangement, eMusic will access its licensed content for customers through the 7digital catalog. 7digital will also assume responsibility for rights holder reporting and will provide other enhancements to eMusic’s service in user experience and content. Continue Reading
TriPlay has acquired eMusic for an undisclosed price. The deal will retain eMusic’s executives and employees for a single company that will combine TriPlay’s cloud services with eMusic’s digital storefront. The joint business will see eMusic integrated into MyMusicCloud so that users can buy tunes and add them to online collections within a single interface. Continue Reading
Once a pioneer, subscription music-download site eMusic is striking out afresh with news of a change its music catalog to focus on indie labels and artists. The service will discontinue major-label recordings. In doing so, eMusic circles back to its roots as a champion of indie music, and of users who dig deeper than the hit charts. Continue Reading