p2pnet news view Advertising | Music:- “These are the kinds of enterprises that will redefine our future and point the way to a better tomorrow.”

So says FastCompany in it’s Top 50 post.

Of course, they’re not talking about the real Net — only the tip-of-the-iceberg corporate entities which mar the surface like a spilled oil slick.

Be that as it may, Team Obama, Google, and Hulu are in positions 1, 2 and 3, respectively.

Apple is there as well (4) and so, too, are Fa$ebook (15) and Warner Music (46).

But wait!

Warner Music?

Like, one of the RIAA owners and the least significant member of the Big 4 organised music gang, the others being Vivendi Universal, EMI and Sony Music?

The one that’s run by Canadian Edgar Bronfman, pictured here trying to explain why his kids don’t have to be sued for file sharing like other kids do?

Yup. That Warner Music.

It was, “aggressive with music social networks, including MySpace Music and an investment in iMeem, plus it partnered with Nokia to create an all-access music channel that lives on your phone for as long as you have it,” says the puff piece.

“Warner has also restructured the way it signs artists, turning itself into something like a venture capitalist for musicians.”

However, “We remain unexcited by WMG shares (Neutral rating), with the stock trading at just under 5x EBITDA, as organic EBITDA continues to decline,” says Pali Research under he heading, ‘Reducing Warner Music Estimates …”

But maybe FastCompany was thinking of Choruss, WMG’s ‘Bait and Switch‘ (as TechCrunch called it) effort to scam — sorry,  encourage — American schools into buying Warner ‘product’?

No need to stay tuned.

JN

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April, 2009

FastCompany -