Facebook posted sharply higher earnings on Wednesday as revenue from increased mobile advertising and usage. The company said Wednesday that it earned $788 million in the April-June period, up from $331 million in the same quarter a year ago.
Rock and Roll Hall of Fame singer, songwriter and film composer Randy Newman has signed an administration agreement for North America with Downtown Music Publishing, it was announced by president Justin Kalifowitz.
CBS Local Media has acquired Eventful, Inc., a San Diego-based digital media company that provides demand-based platforms for live, digital and broadcast events. Eventful's 55-person staff is expected to be integrated into the CBS Local Media team.
Australian pop/rock band 5 Seconds of Summer is on course for a No. 1 debut on the Billboard 200 chart next week. Industry sources forecast the quartet's self-titled debut full-length album to sell perhaps 250,000 copies in the week ending July 27. The set was released on July 22, and follows the group's EP, the No. 2-peaking "She Looks So Perfect."
Popular 1980s band Duran Duran is suing its own fan club. The group known for hits like "Notorious" and "Hungry Like the Wolf" accuses the suburban Chicago-based club of breaching contract by not paying the band promised revenue.
MAGIC!'s "Rude" rules the Billboard Hot 100 for a second week, while Sam Smith makes the biggest move within the top 10, as "Stay With Me" pushes 5-3 after the song became available to be streamed on Spotify.