“CBS Corp. has launched a new recorded music label — reviving the name of long-defunct CBS Records — through which the company plans to release music and promote artists on its networks’ stable of television shows,” The Associated Press reports.
“The label, in the works for months, was being officially announced Friday,” AP reports.
AP reports, “Outside of television, CBS Records will release music online through its own Web site and retailers such as Apple Computer Inc.’s iTunes Music Store. The label has completed a deal with Apple to sell music, videos and other content, and expects to seal similar agreements with other online music services, CBS said.”
“CBS Records has been around for decades and home to a legendary roster of recording artists, including Miles Davis, Billy Holiday, Frank Sinatra, Bruce Springsteen and Aerosmith… In 1988, CBS Inc. sold the record label to Japan’s Sony Corp. for about $2 billion. A few years later, Sony folded the label into one of its other recorded music divisions,” AP reports. “In the years since, the CBS Records name has been effectively mothballed.”
Full article here.
Interesting. I guess the more labels there are competing, the better it is for the consumer.
Let’s see what Universal Music does NOW! Think they’ll still try to stick up Apple Computer with their $1 per unit “royalty,” ala their Zune deal?
So, CBS is selling music on their own web site AND selling through iTunes.
That’s the way to do it! Don’t just wine about Apple being too big, give the customers a choice and let them decide.
Interesting about CBS not having to pay Sony anything to get back the name.
Ah yes – I remember good ol’ Constipated Bull Shit records! =:-)
I’m sure that the sale of the record label to Sony included the rights to the name for 7-10 years and a non-compete for the same period. I’m sure that term is long over.
Interesting. I guess the more labels there are competing, the better it is for the consumer.
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I hope you feel like George Bush when you talk like that… The line is so overused in these circles, it boggles the mind.
Competition is great, but that doesn’t mean that more companies in a market necessarily increases competition. (See, Zune)
And frankly, CBS records, a new label.. ? This, really doesn’t promise anything related to musicians/labels ‘competing’ against each other.
The story’s fine, great, cool, I just think the posters on these tech news sites are braindead.
Ooooooookay, take a step back from your keyboard and chill out dude. If there is any reasonable metric for competition, in the most basic sense, the number of companies competing is a good one.
You were right about braindead posters. And you’re the leader of the zombie squad.
MDN Magic Word: “husband” as in “Mike, husband what few brain cells you have left.”
The importance of the article is that a major corporation has no trouble going to Apple and making its content available through iTunes. It is a slap at Universal and their ridiculous demands. The more of these deals that Apple can make, the less impact Universal will have on other content owners. They can shove their iPod hardware kickback fee scheme where the sun does not shine.
MW: ill, as in “Universal’s demands make me ill.”
“Interesting. I guess the more labels there are competing, the better it is for the consumer.”
and for employees as well. isn’t it great having all those temp employment agencies competing for YOUR full time job. competition has definitely improved the fast food joints. and the latest entry in this category, our mexican friends, will surely make us more productive.
the laws of economics will prevail. and the consumer, employer and employee will reap the benefits.
Hey Mike! You’re a poster on one of “these tech news sites.”
Oh oh oh…something for Zune Thang.
He will get it.
CBS = Come Be Social.
Your Zune, our toilet.
May just be a way for Apple, along with CBS’s help, to start signing their own Artists and cut the middle man out all together? If the “industry” gives you trouble, become part of it and cut them out.
Well, if you like jazz, the Miles davis stuff CBS has is priceless – goes back quite away – (I’ve got the vinyl) if this stuff is made available online it’ll be a big deal to jazz fans. CBS used to have some other decent stuff from back in the hippie 60s and 70s days. I think a lot of stuff by the Byrds and their ilk. Would be nice to have some of the old stuff accessible – for an old guy like me.
So let me get it straight — competition should be avoided because you deserve to have a job? Why you and not someone else? Who safeguards this job for you? Grow up, child. I’m being paid because my company judged me a better investment than a temp. It’s up to me to prove it. As far as competition improving the fast food joints, you’d rather have one fast food joint to rule them all, huh? Or do you think that McDonald’s feels no heat from BK moving in across the street, or Wendy’s? Right. Go talk to a regional manager of BK and get back to me, mmkay? So to wrap it up, yes, competition is good for the consumer. What exactly does George Bush feel like, anyway? How would you even know? Just shut up.
Joell
isn’t it great having all those temp employment agencies competing for YOUR full time job.
Excuse me but it is not YOUR job or mine either for that matter…The job is owned by the employer..it is his to do what ever he/she wants to do with it…If you as a conscientious worker provide tremendous value you will have provided a reason for the employer to keep you.
Actually, yes, I don’t think this will stop Universal from asking for an unwarranted share of iPods.
Remember, UniversalMusic Group is one of the BIG 5 labels (alongside Sony, Warner, EMI and BMG). CBS Records is still a very, very small fish – basically an indie with corporate support.
Having Zune in the marketplace is definitely a good thing for the consumer.
It means that Apple cannot sit on their laurels. They have to make sure that they are (at least) one step ahead of Microsoft in quality and pricing.
Microsoft have to try to innovate (as much as they are able), or to beat Apple in some way either in price or features.
Then Apple have to make sure they up the ante.
and so on.
More competition is almost always good for the consumer, bad for the corporations.
Ooooooookay, take a step back from your keyboard and chill out dude.
LOL, I could read the reply before I even saw it. MW: “clearly.”
Dunno why, but TV promotion tends to degrade the work of an artist in my mind.
AP said “mothballed”.
As if someone could tell…
“mothballed”
Ever smelled moth balls?
Wasn’t it hard to get their little legs apart?
No change here, ALL the artists listed are dead… literally… or creatively, Bruce!
hahahahahahahahahaah
As long as Steve Jobs is taking a breath Apple will NEVER “sit on it’s laurels.” That only happened after Steve was ousted by the idiots. Any time he’s been steering the ship, Apple is many inventive notches ahead of any of it’s competition.
You wrote…
“and expects to seal similar agreements with other online music services, CBS said.”
SO WHO’S LEFT TO SEAL A DEAL WITH?
Sony still owns all the music it obtained when it purchased the CBS label. All CBS is doing now is resurrecting the name of the label. They have to rebuild a library of new artists and content.
“They have to rebuild a library of new artists and content.”
Maybe they can snag the American Idol rejects.