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Tuesday Business Links: Hastings To Lower Music Inventory

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• Retail chain Hastings reported a slight increase in profit in Q4 2007 and a 100% increase in profit for the fiscal year. Music sales dropped 15.3%, and the company plans to reduce music inventory by 15-20%. (Billboard.biz)

Monday Business Links: Two Labels Moving Toward Deal With MySpace

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• The New York Post reported today Sony BMG and Warner Music Group are both near deals with MySpace for its new music site. One source said, "Everybody's operating with a sense of urgency to try to close it out." Major music companies are taking an equity stakes in MySpace Music and will share in the advertising revenue. Expect both ad-supported streams and paid downloads at the site.

BMG Bar Graphs

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Let's have some fun with Excel. Here are some bar graphs with data from Bertelsmann's 2007 Annual Report. Yesterday I listed this stuff in a post about BMG's 2007 earnings.

EMI Plans To Be Part of "Comes With Music"

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Coincidentally, EMI came out in favor of Nokia's Comes With Music plan on the same day news broke about Apple's early-stages talks about a similar device-plus-subscription bundle for its iPod and iPhone devices.

Wednesday Business Links: Free iTunes Scheme In The Works

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• Apple is reportedly in talks with major music companies to offer free, unlimited access to iTunes in return for a premium paid on iPod and iTouch devices. While Nokia is said to have offered $80 per device to labels for its "Comes With Music" program, Apple has offered only $20. (Financial Times)

Great Industry Gigs at The Job Board

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This week's features listings from the job board are :

  • Macrovision is looking for a Product Manager in Santa Clara, CA and Ann Arbor, MI.
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