Lynne Kiesling I misunderstood the per-play royalty in my previous post on Internet radio royalties. It’s not 8 cents per play per listener, it’s 8/100 of a cent per play per listener. So I was off by 2 decimal places; my apologies, and thanks to commenters for pointing it out. So the annual royalty would … More Internet Radio Royalty Math … More Internet Radio Royalty Math
Lynne Kiesling While we’re discussing music, we are on the verge of another nail in the coffin of Internet radio, in the form of royalty payments. In mid-April the U.S. Copyright Royalty Board decided to affirm a prior ruling it had made to raise royalty rates that Internet-only radio stations pay: Released March 1, the … More Internet Radio and Royalty Payments … More Internet Radio and Royalty Payments
Lynne Kiesling Such is the assertion in an article in today’s Wall Street Journal (subscription required) on how big box retailing is changing music retailing. In past decades, deejays and music critics helped shape musical trends. Today, many music industry executives agree, the big boxes have become the new tastemakers. Even as compact disc sales … More Are Big Box Stores “Music Tastemakers”? … More Are Big Box Stores “Music Tastemakers”?
Michael Giberson Some financial analysts have concluded that maybe the XM-Sirius merger is not such a good idea, or at least not the outright winner that the companies themselves suggest. As the WSJ’s Deal Journal says: “Regulators may not present the only hurdle faced by Sirius and XM in their efforts to forge a successful … More The Good Doctor on the Evils of the Impending Satellite Radio Monopoly … More The Good Doctor on the Evils of the Impending Satellite Radio Monopoly
Michael Giberson If you, like J. Bradford DeLong, are wondering “what the hell they are doing that is worth that kind of money,” then Bookstaber’s book can help. One point of Bookstaber’s argument is to illustrate the problems with the term “hedge fund.” While “hedging” has a particular meaning, and “fund”, too, is well defined, … More What Do Hedge Funds Do? … More What Do Hedge Funds Do?
Michael Giberson Thoughtful, useful, inadequate and wrong-headed. That’s my reaction upon completing Richard Bookstaber’s book, A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation. As I mentioned last week (in The Perils of Financial Innovation, or Not), Bookstaber was among the MIT-trained economists lured from academia to Wall Street … More Bookstaber on the Perils of Financial Innovation … More Bookstaber on the Perils of Financial Innovation
Michael Giberson Former Apple CFO Fred D. Anderson reached a deal with the U.S. Securities and Exchange Commission over the backdating of stock options, including an agreement to pay $3.5 million to settle civil charges. As many of the newspapers stories report, backdating options is not necessarily illegal, but must be properly disclosed and accounted … More Options Backdating Back Story … More Options Backdating Back Story
Michael Giberson According to the New York Times, Institutional Investor’s Alpha magazine is coming out today with its annual list of the the top 25 hedge fund earners. Cue the weeping, wailing, and gnashing of teeth: “There is some question as to what the hell they are doing that is worth” that kind of money, … More Greasing the Wheels of Capital … More Greasing the Wheels of Capital
Michael Giberson In the Fort Worth Star-Telegram, Jim Fuquay tries to answer the question that may be on the mind of power traders in Texas and elsewhere: When is electricity trading illegal? “They exercise market power. They just come right out and tell you,” [energy market consultant Steven] Stoft said of his experience working for … More Texas Newspapers Asks, “When is Electricity Trading Illegal?” … More Texas Newspapers Asks, “When is Electricity Trading Illegal?”
Lynne Kiesling I’m going to spend a couple of days in London on the way home from my conference, and in the course of looking up a shop address I found this fantastic resource: Street Sensation. For many neighborhoods in London, you click on a map and there will be a panning landscape of all … More Technology Makes Visiting London All the More Fun! … More Technology Makes Visiting London All the More Fun!