U.S. Internet ad revenue hit a record $31 billion in 2011, up 22 percent from 2010. Who says we’re in a recession?
Facebook launched a new “listen” button that allows users to listen to music on all artist pages. The new app is powered by Spotify.
Speaking of Spotify, the music-streaming service just announced a global deal with Coca-Cola. Most likely they’re planning world domination.
The European Union approved Sony’s acquisition of part of EMI. EMI manages the rights to Amy Winehouse and owns the publishing rights to Ozzy Osbourne among others.
Industry Wrap is a weekly CMJ column covering industry-related music news. Send tips to Kate Shapiro at kshapiro [AT] cmj [DOT] com.