Bertelsmann said Friday (11/24) talks with a number of record companies about joining its alliance with the controversial online music provider were going well.
Bertelsmann last month hooked up with Napster to create a membership-based service that paid royalties, shocking a music industry that is currently embroiled in a mammoth legal tussle with the file-swapping company.
"The [other major] companies have shown an interest in the talks, which are underway," Bertelsmann spokesman Frank Sarfeld said. He added that Andreas Schmidt, head of Bertelsmann's BeCG online unit, had been holding intensive discussions in the United States but he said it was still unclear when these talks would be concluded.
JENNIFER KNOEPFLE: THE HITS INTERVIEW
A publishing all-star tells her story. (5/7a)
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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