Musicrypt edges toward profitability
Toronto digital music distribution firm Musicrypt Inc. recently released its financial statement for the first half of 2005, ending June 30. The firm is still in the red with a net loss of nearly $800,000, but that’s a considerable improvement on the $1.4 million loss it reported last year during the same six-month period. Revenue grew during the half as well, soaring more than 300% from a paltry $32,000 in 2004 to $150,000 this year. Musicrypt’s service is used for secure delivery of digital audio content by radio stations, music studios and other entertainment and broadcasting industry applications.

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The world’s largest gaming software firm will beef up the brainpower of the employees at its Montreal studio with a $2.6 million training program.

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Telus Mobility became the third wireless network operator to unveil its mobiTV-based mobile video service late last month, following on the soft launches of Bell Mobility’s and Rogers Wireless’ respective services a week earlier.

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Hot on the heels of the creation of Canada’s first digital signage trade body (CNM, July 20/05) comes a project to catalogue all providers of products and services in Canada.

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The independent Canadian music scene and others supporting the CRTC’s licensing of satellite subscription radio services are ramping up their lobbying amid recent speculation that Canadian Heritage minister Liza Frulla is going to ask the federal Cabinet to refer the decision back to the commission for re-evaluation. Indie Pool Inc., a for-profit provider of bulk recording, merchandising and marketing services to independent Canadian musicians, has released a survey showing that a majority of such artists support the CRTC decision, while Sirius Canada on August 29 announced that 76% of Canadians agree with the commission according to a recent poll it commissioned.

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