Hollywood Records will debut CDVU Plus, a new ecologically-friendly, interactive digital disc format with the upcoming self-titled album from teen rockers The Jonas Brothers, due August 7, according to sources at retail.
Creditor votes are due tomorrow on the Tower Records disclosure statement and the process plan. What's at stake is $33 million left to be divided up among creditors in a case that already appears to have eaten up $25 million in legal, financial, and administration fees.
The mid-year ended with the U.S. music industry still reeling from the downturn in physical goods. According to Nielsen SoundScan, album sales were down 15.1% for the year to nearly 230 million units in the six-month period ended July 1.