Live Nation reported a net loss of $124 million on revenue of $1.24 billion in the fourth quarter of 2010, the company revealed on Monday afternoon. Its full-year net loss was $228 million on revenue of $5.06 billion.
If Doug Morris is leaving Universal Music Group for Sony Music any time soon, his departure date -- and some other details -- may be less certain than what was described in the Telegraph earlier today ...
Katy Perry took to Twitter this week to defend artists using product placement after an earlier tweet was interpreted as criticizing Britney Spears for the practice. “Every artist needs to do product placement,” specialist Adam Kluger told Billboard.biz. “It’s as simple as that.”
Celebrity endorsements are behind increases in headphone sales, says a new report by market-research company the NPD Group. That’s good news for artists with headphone lines such as Dr. Dre, Lady Gaga, Justin Bieber, Ludacris and Diddy.
As Microsoft is now finding out with its Zune Pass music subscription service for its popular Xbox games, consumers are not signing up. What does this mean for music cloud services often touted as an industry panacea?
Spotify is about to get new competition in its home turf of Sweden when the WiMP service launches next week. Also, Ashton Kutcher invests in SeatGeek, Fitz & the Tantrums explain their radio strategy, and an attorney warns of nightmares in trying to get royalties from cloud-based music.