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Digital Music Bits: Shakeout; RealCommunity; Elasticity; MusicNet

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Shakeout Imminent?: It is bound to happen, now that there are 355 online music sellers across the world.

EMI Signs European License Pact: EMI Music Publishing and two of Europe’s largest collecting societies have signed a pan-European deal for clearing EMI cross-countries in the continent for online and mobile usage.

Music Price Elasticity in Europe: From Midem, it seems price elasticity is more prevelant in Europe…since iTunes is only the third-ranking online music store in countries like France and Germany, dominant Internet merchants in those places have found it easier to break out of the 99-euro-cent mold.

RealNetworks Launches Music Community Site: A new free service called RealCommunity, that lets unsigned groups and artists upload their own music, create profile pages and sell their music online. Tracks will also be available to buy using SMS, with songs and ring-tones being sent directly to the purchaser’s mobile device or computer.

iTunes Users Growing Fast: NetRatings data shows that traffic to iTunes grew by 241% in 2005. Between December 2004 and 2005 the numbers of people going to the site grew from 6.1 million to 20.7 million.

MusicNet Powers iMesh Service: iMesh has tapped B2B provider MusicNet to provide music for its legal P2P legal download service. iMesh said it will also connect users to the Gnutella P2P network, allowing them to download what it calls “unclaimed” works and promotional content.

Loudeye Launches Triple-Play Music Service Capability: The new B2B service supports multiple user interfaces, codecs and DRMs…users cna buy music on any device: PC, mobile phone and set top box, and get it on another.