WHERE’D ALL THE DOUGH GO? But the UMG lawsuit didn’t burn through $70 million of investors’ money, noted Peter Kafka in All Things Digital. At most, sources told him, the company spent $6-8 million on legal fees. The rest presumably funded Veoh’s YouTube-sized ambitions, as Kafka put it. Sources familiar with the company told him that during its go-go days, it was spending as much as $4 million a month on a bloated staff and infrastructure. But Veoh only generated something like $12 million in sales over its five-year life, and most of that was in the past couple of years. (2/16a)
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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