U.S. digital sales appear to be holding up after gift cards ran out early in the month. Boosted mainly by strong digital album sales, track equivalent album (TEA) sales are up 14% over the same period in 2012.
Nearly a year after the partnership was announced, Sylvia Rhone's joint venture with Epic has a name -- Vested in Culture -- and a slate of first releases.
On Wednesday, investors punished Facebook's stock within minutes after the Silicon Valley social networking giant released fourth-quarter financial results that beat official Wall Street forecasts, but may have fallen short of highly optimistic “whisper” numbers. The company posted $1.585 billion in revenue in the quarter ended Dec. 31, up 40% from a year earlier. Net income, however, plummeted 79% to $64 million, or 3 cents a share.
The news from the annual MIDEM conference indicated streaming is the future of music. But a report this week in the New York Times shows minds are hardly made up. Although the general consensus in the music industry is that streaming is the future, people can’t seem to decide on just how sustainable it will be.
BlackBerry announced today that Alicia Keys is the company's new Global Creative Director. Keys, who made an appearance at the tail end of a launch event for two new phones that will run the new BlackBerry 10 operating system, was brought on board to "lead an array of new business initiatives that will drive engagement with BlackBerry and perception of the brand."
TIMBALAND SIGNS TO ROC NATION
Producer/artist Timbaland has signed to Roc Nation, according to posts on both the Roc Nation and Jay-Z’s Life + Times sites.
Amanda Palmer has played a groundbreaking role in the relationship between recording artists and fans. In part 2 of this long conversation with Billboard.biz, she talks about how the ways promoting her tours have changed, the enormous difficulties in fulfilling her fans’ Kickstarter orders, the morality of running your own business, and more.
Unless something highly unexpected happens, Justin Bieber will collect his fifth No. 1 album on the Billboard 200 chart next week with "Believe Acoustic." Industry sources say that the set could sell between 180,000 to 190,000 copies by the end of the tracking week on Sunday, Feb. 3.
Backstage, the publication specializing in casting, auditions and entertainment-industry opportunities, today announced it had acquired Sonicbids, the platform for bands to book opportunities and market themselves online.
Mixify, a three-month-old New York start-up that streams live audio, has signed up a number of major electronic dance labels and promoters for an upcoming virtual music festival called Rise.
ROLLING STONES CLOSE TO GLASTONBURY DECISION
The organizers of the UK’s Glastonbury festival have said that the option of the Rolling Stones playing at this year's festival is "now in the band's court" after formally offering the band a slot late last week. A source from the Somerset festival said that, "It wasn't an option previously but in the last seven days things have moved quickly." They said the decision was now for the band to make.
RIAA REVEALS TOP 2012 GOLD AND PLATINUM CERTIFICATIONS
The Recording Industry revealed its year-end tally of 2012 Gold & Platinum awards. Last year the RIAA awarded more song download honors than any other year with 25% increase year-on-year. A record-breaking 139 digital songs were certified Platinum in 2012 from 524 digital songs certifications awarded overall, compared to 409 in 2011. Adele’s 21 was the first album in a decade to sell more than 10 million in less than two years. Taylor Swift earned 2012’s highest G&P album as Red sold more than three million in one month. Two songs tied for the top release of 2012 at 6x Platinum: Carly Rae Jepsen’s “Call Me Maybe” and Gotye’s “Somebody That I Used to Know.”
Coachella Sells Out Both Weekends
Tickets for the first weekend of this year's Coachella festival sold out within 15 minutes after going on sale, and the second weekend sold out by 9:40 a.m. yesterday morning, according to a post on the festival's Facebook page.
Jimmy Jam, Terry Lewis Sign With Universal Publishing
The long-running songwriting and production team of Jimmy Jam and Terry Lewis have signed an exclusive worldwide publishing administration agreement with Universal Music Publishing Group, the company announced today. The deal will encompass all new work written by Jam & Lewis and exclude the duo's massive back catalog.
HMV Troubles Help Lift U.K. Music Sales
With the U.K. music industry still reeling from HMV entering administration, new figures from the Entertainment Retailers Association suggests there may be a silver lining to the retailer’s financial woes: double digit year-on-year sales gains for music retail over the first four weeks of 2013.
Ultra Music Signs Distribution Deal with
Ultra Music, an independent electronic music label that over the years has represented Deadmau5, Kaskade, Steve Aoki, Calvin Harris and numerous other EDM artists, on Wednesday announced a strategic deal with Machinima, one of the largest networks on YouTube.
Patty Andrews, Singer With the Andrews Sisters, Dies at 94
Patty Andrews, the last of the Andrews Sisters, the jaunty vocal trio whose immensely popular music became part of the patriotic fabric of World War II America, died on Wednesday at her home in Los Angeles. She was 94. With their jazzy renditions of songs like “Boogie Woogie Bugle Boy (of Company B),” “Rum and Coca-Cola”and “Don’t Sit Under the Apple Tree (With Anyone Else but Me),” Patty, Maxene and LaVerne Andrews sold war bonds, boosted morale on the home front, performed with Bing Crosby and with the Glenn Miller Orchestra, made movies and entertained thousands of American troops overseas, for whom the women represented the loves and the land the troops had left behind.
New York Times
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