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Universal Music Group and Canal Plus parent company discusses strategic shift at annual shareholders meeting, which was interrupted by protests.
Michael Buble earns his fourth No. 1 album on the Billboard 200 chart with "To Be Loved." The set bows with 195,000 sold in its first week, according to Nielsen SoundScan.
Bud Light is prepping 50 concerts in all 50 States on the same day, August 1, for an event dubbed 50/50/1 that will kick off a new marketing platform, Bud Light Music First. The events will be created in partnership with Live Nation, Myspace and Universal Music Group, and the program will be supported by promotions on 80 million packages of Bud Light products as well as national ad campaign created by Translation.
Lawyers representing the plaintiffs of a "sale" vs. "license" lawsuit want UMG to turn over download revenue and volume data tied to particular artists so they are able to come up with a calculation of damages and order the information in an effort to gain class certification. UMG is refusing.
Jurors in the civil case between Michael Jackson's mother and concert giant AEG Live got another glimpse of the singer's private life on Tuesday through the eyes of a paramedic who described the singer's bedroom and the frantic efforts to revive the King of Pop on the day he died.
CBS Radio is throwing its hat in the EDM ring, teaming with Astralwerks -- home to Swedish House Mafia, Empire of the Sun, and sister duo NERVO -- to launch a national talent search for the next great female DJ/producer, Billboard has learned.
THE LUMINEERS PLAY YAHOO'S DIGITAL NEWFRONT, PREVIEW 'ON THE ROAD' CONCERT SERIES IN NYC
The Lumineers kicked-off the launch of the "Yahoo On The Road" concert series at the web portal's Digital NewFront event at NYC's Best Buy Theater. Other artists slated to play the live music series include John Legend, Macklemore & Ryan Lewis, Fall Out Boy, fun., Imagine Dragons and Owl City.
The 17th annual Webbys, which celebrate Internet achievement, were officially announced Tuesday with winners including: Frank Ocean (person of the year), Grimes (artist of the year) and Justin Bieber (for the social media campaign for his fragrance launch).
Hakkasan Las Vegas celebrated its official opening at the MGM Grand Las Vegas April 26-28 with a star-studded weekend, both on the guest list and behind the decks. The 80,000-square-foot nightclub/restaurant has been under development for over two years, and is the most-anticipated new opening of the EDM era.
'KINKY BOOTS,' SCORED BY CYNDI LAUPER, LEADS TONY AWARD NOMS
The Cyndi Lauper-scored "Kinky Boots" has earned a leading 13 Tony Award nominations, with the British import "Matilda: The Musical" close behind with 12. Tom Hanks, making his Broadway debut, earned a nod as leading man in a play.
Facebook Inc., the largest social- networking service, is making headway in its push to boost sales by giving advertisers more ways to reach people who share photos and status updates over wireless devices. The company, which will report results today after U.S. markets close, is projected to say first-quarter revenue jumped 36 percent to $1.44 billion, the average of analysts’ estimates compiled by Bloomberg. Profit before certain costs is predicted to be 13 cents a share. A year earlier, the company had earnings of $205 million, or 9 cents, on sales of $1.06 billion.
Forty of Sony’s top executives, including Kazuo Hirai, the chief executive, are to give up bonuses worth between 30 and 50 per cent of their pay after they failed to keep a promise to return the Japanese group’s consumer electronics division to profit.
President Obama is expected on Wednesday to nominate Tom Wheeler, a venture capital investor and fund-raiser in Mr. Obama’s presidential campaigns, as chairman of the Federal Communications Commission, two administration officials said Tuesday. Mr. Wheeler, who more than a decade ago led two telecommunications industry trade groups, has prompted concern in recent weeks by some consumer advocacy groups that anticipated his nomination and said they were troubled by his background investing in and lobbying for cable and wireless companies.
New York Times
STEVEN TYLER SIGNS WITH RED LIGHT MGM’T AFTER REPORTED DISPUTE WITH SIMON FULLER
Singer-songwriter and former "American Idol" judge Steven Tyler has reportedly been dropped by his manager Simon Fuller, over disagreements with the way Tyler's lawyer handles his business affairs. Tyler has now been signed by Red Light Management's Bruce Flohr but his spokesperson insisted he was never dropped by his previous management.
Investors welcomed Best Buy Co.’s move to exit Europe, sending the electronics retailer’s shares up sharply on Tuesday. The company said it is selling its 50% interest in Carphone Warehouse Group PLC’s European business back to Carphone in a mostly cash deal valued at about $775 million. After climbing as much as 10% midday, Best Buy shares were ahead 7.4% at $25.99 in 4 p.m. composite trading on the New York Stock Exchange.
Wall Street Journal
A new convention center in Nashville is transforming the look of downtown with a wavy roof dominating six city blocks, but tourism officials hope the eye-catching facility will also show business travelers a revitalized Music City. The Music City Center has generated heated debate within the city over its $623 million price tag. Critics also contend the city is jumping into an oversaturated market for conventions. But with an all-star line-up of musicians ready to cut the ribbon on the Music City Center May 20, tourism officials say the facility will build on Nashville's well-known brand, which already attracts leisure travelers.
PRMD PARTNERS WITH UMG ON AVICII DEBUT
Universal Music has signed a worldwide license deal with new Swedish dance label PRMD for the global release of Avicii's debut. This new partnership will see PRMD working with Virgin EMI Records in the UK, including its Positiva label which this year celebrates its 20th anniversary.
STOP THE PRESSES!
- Ian Rubbish and the Bizzaros' Touching Tribute to Maggie Thatcher
- One Direction Shows Off New ‘Scooby-Doo’-Styled Van
- Rolling Stones Also Think Your Smartphone Is Annoying as Hell
- He's Old, Missing Teeth, and Has a Funny Haircut: He's Danny Brown, Rap's Biggest Deal
- Liam Gallagher: 'I didn't want to call new Beady Eye album 'BE''
- Mick Fleetwood On Fleetwood Mac: 'It Would Make A Great Play'
- Korean rapper Psy's story immortalized in comic book
- Def Leppard sponsor Welsh youth rugby team