Record Labels Adopt New Technology to Sell Albums in Sagging Market

via SOHH

Rihanna, Usher, Chris Brown, Akon and others will lead the recording industry’s first major move away from the traditional CD format with to the introduction of slotMusic next month.

According to the Wall Street Journal, SanDisk Corp. and the four remaining major record companies have teamed up to create album-filled memory cards that will be usable on mobile phones, PCs and select portable MP3 players. The first offering of releases will include 29 albums sold in MP3 format without digital locks along with an adapter to allow consumers the ability to transfer their purchases to PCs from the USB ports.

SanDisk’s general manger of audio-video business Daniel Schreiber is convinced slotMusic will strive due to its multi-compatibility with different devices. Continue reading

Rupert Murdoch:”I want to meet Obama. I want to know if he’s going to walk the walk.”

Source: Reuters

News Corp Chairman and CEO Rupert Murdoch smiles during a news conference before the 2008 Atlantic Council Awards Dinner in Washington April 21, 2008.

Who wants to be associated with losers? Bill O Reilly’s boss Rupert Murdoch is feeling the Obama wave and even is taking credit for his dead in the water newspaper The Post for endorsing him over Hillary(don’t worry he owns everything at is worth 8.8 Billion). Check his thoughts on the upcoming presidential campaign:

“You have got the Obama phenomenon. You have got, undoubtedly, a recession … The average American is really getting hurt financially and that all bodes well for him (Obama), Murdoch said.

“I think it (a recession) is one we will be coming out of for quite some time,” Murdoch said. “In the next 18 months, this country is going to be in for a very hard time.”

“You have probably the making of a complete phenomenon in this country,” Murdoch said in describing what he predicted will be a sweeping victory for Democrats in November.

Murdoch has yet to endorse a U.S. presidential candidate but considers Barack Obama very promising, the media magnate said in an interview by two Wall Street Journal reporters at an annual conference for high-tech industry insiders.

News Corp recently acquired ownership of the Journal and its parent company .

Full here