SFX Entertainment continues its buying spree in the EDM world with the purchase of music-download site Beatport, a source confirmed to Billboard.biz. The deal was for slightly more than $50 million, the source said, although SFX chief Robert F. X. Sillerman declined to name the price.
Live Nation grew revenue 8.1% to $5.8 billion and adjusted operating income rose 4.8% to $459 million in 2012. It achieved its goals of growing concert attendance, ticket sales and sponsorship and advertising revenue. Yet its financial statements, released Tuesday afternoon, showed more red ink.
Mad Decent, the label helmed by Diplo, has partnered with Warner Bros. Records for a worldwide distribution and services arrangement for Baauer’s “Harlem Shake,” a Warner Bros. rep confirmed to Billboard.biz.
The 2013 edition of the IFPI's annual Digital Music Report has 31 pages of informative reading. Two things came to mind when reading it. I wondered how much digital revenue is coming from big, developed markets and I wondered how much revenue could come from less developed markets. Billboard.biz
Apple Inc. has agreed to a preliminary settlement of a class-action lawsuit that alleged the company failed to properly notify parents when their kids made iTunes purchases. Pending approval, the agreement could result in refunds to as many as 23 million people. Billboard.biz
Google’s entrance into the music streaming market would provide the music industry with “arguably the biggest funnel we can have” with regards to turning music consumers onto legal licensed services, says Francis Keeling, Universal Music’s global head of digital.
Five broadcasters were inducted into the Country Radio Hall of Fame, and one country music icon was celebrated for his legendary career.
Mindy McCready was mourned today at a funeral in her hometown of Fort Myers, Florida. According to reports, about 200 attended the service at Crossroads Baptist Church to remember the singer, who committed suicide Feb. 17.
Leap Wireless International Inc. plans to spin off its Muve Music service into a separate company, as the carrier attempts to turn around its struggling core business of providing pay-as-you-go wireless service. By creating a new company, Leap hopes to license the service to other carriers and has an agreement in principle with an unnamed international wireless carrier, spokesman Greg Lund said.
Wall Street Journal
Supermarket Morrisons has snapped up six HMV stores from the failed music company's administrators as part of its continuing drive to expand its convenience store operation. The new stores will be converted into Morrisons M local branches and opened this summer, adding to its current roster of 49 former Blockbuster stores and seven former Jessops shops which it bought over the last two months.
Dr Marcus Stephan has been appointed CEO of Nordoff Robbins, the UK-based music therapy non-profit, taking over from Pauline Etkin OBE, who retires at the end of February. Stephan will take up his post at on March 1 and will report to Nordoff Robbins’ Board of Governors, chaired by David Munns OBE.
The Rolling Stones' brilliant career will be celebrated in an exclusive exhibition at the Rock and Roll Hall of Fame and Museum in Cleveland.
Hot on the heels of the announcement that American Idol alum Blake Lewis has inked a deal with Republic Records, the season six runner-up has released his new single, “Your Touch,” in a major advertising campaign as the soundtrack to Microsoft Internet Explorer’s “Explore Touch."
Tonight “American Idol” will start to use Twitter to take instant polls of the audience. On-screen graphics during the show will ask polling questions like “Do you agree with the judges tonight?” and offer two hashtags with differing answers. Viewers with Twitter accounts can post a comment with one of the two hashtags, and the network and its production partner, FremantleMedia, will update the graphic almost instantly as the results come in.
New York Times
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