Facebook Music Platform Plan Should Surface Next Week - Forbes

Here comes music

Facebook is expected to announce the launch of its much-hyped music service in f8, its annual developers’ conference, on September 22. ^[1]

The social networking giant is expected to partner with digital music providers Spotify, MOG and Rdio in this initiative. After having success with online games such as Mafia Wars and Farmville, Facebook’s digital music service suggests that the company is steadily moving in the digital content space, giving struggling competitors such as Yahoo and AOL even bigger reasons for worry.

We currently value Facebook at around $45 billion.

Facebook Music: What’s In Store For Users?

Similar to its applications and games, Facebook does not intend to become a hosting site for digital music. Instead, the company would be acting as a platform for providing digital music content from providers such as Spotify that already have their music licensing in place. It’s a win-win situation as Facebook’s partners get the advantage of Facebook’s immense reach of +750 million users while Facebook gets additional time spent on its website.

While it might be too early to say that this launch will revolutionize digital music, online music providers such as Spotify and Rdio are bound to benefit from Facebook’s key networking features such as the “Like” button and the news feed (for instance, the user profile will automatically update the music track he/she is listening to).

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This launch is also a sign of bigger things to come, and Facebook might not be stopping at just music for its content. In fact, it would not be a surprise if we soon see online video providers such as Netflix being roped in to provide video content for the company.  This also represents a competitive threat to Apple’s iTunes and even Sirius XM in mobile music listening.

See our full analysis for Facebook

Notes:

1. Mashable: Facebook To Launch Music Platform With Spotify, MOG & Rdio [↩]

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Is FB getting too complicated for it's own good?

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Great to have the NEWS QUIZ back

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Beatles Single fetches £9000

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A copy of the Beatles hit single Please Please Me signed on both sides by all four members of the band has fetched £9,000 at auction in Liverpool.

The 1963 record was sold by a Liverpool woman who asked the group to sign it after listening to them at the city's Cavern venue as a youngster.

The "very, very rare" item was among 322 lots at the annual Beatles memorabilia auction.

The 1963 single is signed on both sides by all four members of The Beatles

Among other highlights was a cap owned by John Lennon which sold for £3,200. Read more at www.bbc.co.uk

 

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Ella sings about this weekend's weather here!

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Beckham Daughter

Strange name?

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Victoria Beckham has given birth to a girl, whom she and husband David have named Harper Seven.

On his Facebook page, footballer Beckham said: "I am so proud and excited to announce the birth of our daughter Harper Seven Beckham."

The girl was delivered at Cedars Sinai hospital in Los Angeles, at 0755 local time (1555 BST), and weighed 7lb 10oz.

The Beckhams' sons Brooklyn, 11, Romeo, eight, and Cruz, five, were said to be "delighted to have a sister".

David Beckham's Facebook statement said his 37-year-old wife was "doing really well" following the birth. Read more at www.bbc.co.uk

 

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BBC News - News of the World to close amid hacking scandal

7 July 2011 Last updated at 17:05

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News of the World to close amid hacking scandal

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• News of the World to close
• James Murdoch: Statement in full

This Sunday's issue of the News of the World will be the last edition of the paper, News International chairman James Murdoch has said.

In the past few days, claims have been made that the paper authorised hacking into the mobile phones of murdered schoolgirl Milly Dowler and the families of 7/7 bombing victims.

Mr Murdoch said proceeds from the last edition would go to good causes.

Downing Street said it had no role or involvement in the decision.

The News of the World is the UK's biggest selling newspaper and has been in circulation for 168 years.

No advertisements will run in this weekend's paper - instead any advertising space will be donated to charities and good causes.

In a statement made to staff, Mr Murdoch said the good things the News of the World does "have been sullied by behaviour that was wrong - indeed, if recent allegations are true, it was inhuman and has no place in our company".

"The News of the World is in the business of holding others to account. But it failed when it came to itself."

He went on: "In 2006, the police focused their investigations on two men. Both went to jail. But the News of the World and News International failed to get to the bottom of repeated wrongdoing that occurred without conscience or legitimate purpose.

"Wrongdoers turned a good newsroom bad and this was not fully understood or adequately pursued.

"As a result, the News of the World and News International wrongly maintained that these issues were confined to one reporter.

"We now have voluntarily given evidence to the police that I believe will prove that this was untrue and those who acted wrongly will have to face the consequences. This was not the only fault.

"The paper made statements to Parliament without being in the full possession of the facts. This was wrong.

"The company paid out-of-court settlements approved by me. I now know that I did not have a complete picture when I did so. This was wrong and is a matter of serious regret."

He reiterated that the company was fully co-operating with the two ongoing police investigations.

He added: "While we may never be able to make up for distress that has been caused, the right thing to do is for every penny of the circulation revenue we receive this weekend to go to organisations - many of whom are long-term friends and partners - that improve life in Britain and are devoted to treating others with dignity."

Labour MP Tom Watson told Sky News it was "a victory for decent people up and down the land, and I say good riddance to the News of the World".

via bbc.co.uk

Amazing,but welcome!

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