Warner Music Group will start to review the second round of bids this week. Currently, there are 10 groups who have reportedly made bids between $2.8 billion and $3 billion. Bidders include Live Nation, BMG Rights Management (a joint venture of Bertelsmann and Kohlberg Kravis Roberts), Platinum Equity, Ron Burkle’s Yucaipa Company, billionaire Len Blavatnik, investor Ron Perelman and Sony.

It will be interesting to see which bid comes out on top!

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Warner Music Group Evaluating Bids This Wek: New Owner Coming Soon originally appeared on: Crenk
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Myspace – Myspace is the king of all social networks and is leading the way in the music space. Everyone knows how myspace works, you sign up for a profile and then your able to upload 4 songs to your profile. Simple yet effective, because of how many artists are on the system. Additionally, myspace will be launching a new music feature in the coming months.

Bebo – Bebo who just got acquired by AOL for $850 million, is a big player in the social networking space. Currently, they are 3rd in the USA but leading the way in UK. The has the ability for bands to customise their profiles, and can even add songs to their profiles. However, doesnt have a music player at all and is very limited in so many ways.

Last.fm – Last.fm is a service that is growing every day. It is a service that keeps track of what music you listen to, and then helps you discover new music based on your preferences. Last.fm can be used to find new music, listen to music you already like, and get in touch with people who have the same taste in music as you do, discover new gigs in your local area. Last.fm also allows artists and labels to upload their own music and videos and promote them for free. As far as im aware only selected artists can now actually receive royalties from Last.fm when their music is played via their site.

Purevolume – Purevolume is probably the oldest music social network of the lot in this article. It has a sleak design and it is tailored just for artists. Unlike most other social network there arent poor quality ads all over the place and Purevolume is actually still strong when it comes to traffic stats and user participation. The site itself is still missing several features that are need by artists, but the overall feel is still top notch.

Imeem – Imeem is a new social network which allows artists to upload their music and actually make royalties via plays on the Imeem site. Currently artists need to have an agreement with Snocap, so that Snocap can track the amount of plays done on Imeem and then Imeem pays artists a percentage of the advertising revenue they receive.

MOG – is a social network that helps you “discover people through music and discover music through people”. Basically MOG makes it easy for you to find new music to listen to by using custom filters and personalized suggestions. The site is very similar to Last.fm, but has a few twists in their algorhythm. MOG also provides users with reviews, news and streaming audio. MOG also features a music TV that continuously broadcasts videos taken from YouTube.

iLike – iLike is another service that is similar to Last.fm, but has a nice twist that allows you to also organise your music. It lets you share music libraries with your friends, browse and sample their most played songs, and compare your compatibility scores. iLike will also send you music recommendations directly in iTunes.

JamNow – is a social network aimed at musicians that allows them to create audio content online in real-time. JamNow isn’t a site that simply makes you “post and listen” to audio content: its platform enables real-time music collaboration and lets you schedule live jam sessions and listen to musicians that are playing right in that moment.

Haystack – is all about finding new music through your friends and the people you think are taste makers or cool. You can browse music, pictures, videos and reviews of artists as well as build your own profile and personalize it with images and videos. They encourage artists to sign up directly or even through their labels.

Sonific – is a social network that offers a great way to promote your music, if you are an artist. It lets users put a free music widgets with your music on their sites and promote it to their own audiences, for free. In exchange, Sonific users get free music to use and listen to (download is not permitted) and make their site look cooler – while you get free advertising for your music.

Sellaband – is a music social network that turns the fans and listeners of bands into their producers, asking them to invest in a band or artist they support so that they will be able to get a recording opportunity. Every single investor that supports a successful band will take home a small cut of the profits made by them. Artists not only get financial support but also share 50% of the ad revenue coming from the free downloads of their music.

iJigg – is a online community that lets you comment on music and share songs. You can rate music and influence what becomes popular, as well as upload your own music to share it with the community and make new fans. You will need to decide whether to open a “listener” or “artist” account, which will give you access to different features (e.g. listeners can download free mp3 of their favorite music, while artists can upload their own music).

Flotones – is a monetized social network for artists and their fans. The best features is the ability to promote and distribute content via mobile phones. For example a band can do ringtones and mobile wallpapers. After registration you will be able to promote your content at your gigs and even on your social network profiles. You’ll be asked to sign a contract before getting paid.

Overall:

Out of the list above i think the key sites to sign up to are Myspace (overall largest reach), Purevolume (music specific), Last.fm (but only if you have royalty agreement with them), Imeem (royalty collection on streams and growing in traffic) and Sellaband (potential to receive investment money).

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Attack Of The Music Communities originally appeared on: Crenk
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