Turntable.fm Inks Deals With Four Major Record Companies

It was just last May that social music platform Turntable.fm began rolling out to the public, letting users spin records for each other in online chat rooms, but the company has already conquered any digital content distribution service’s biggest challenge: getting the content owners on board.

Universal and Sony Buy EMI for $4.1 Billion

One of Britain’s most famous record companies, EMI, has been bought in two deals with Sony and Vivendi’s Universal Music. The company will now be split into two divisions. Universal bought EMI’s recorded music group for $1.9 billion on Friday, while a group headed by Sony picked up EMI’s music publishing division for $2.2 billion.

Virgin Media Close to Deal for Digital Music Service

In early 2009, Virgin Media announced that it was planning an unlimited music download subscription service in partnership with Universal Music, but none of the other major labels signed on.