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Daniel Loeb’s speculative call for Sony Corp to spin-off its entertainment division is getting some attention from within. The Third Point head's proposal will reportedly be put to Sony Corp.’s board, unidentified sources tell Japanese daily newspaper Nikkei. The radical suggestion may already be in the process of evaluation.
Blake Shelton and NBC have begun to organize a benefit concert for the victims of the Oklahoma tornado that have left thousands homeless, killed at least 24 people and decimated the city of Moore. .Biz also has reports on how you can help, the tornado's impact on the area's music businesses; and how radio's helping.
Microsoft Corp. on Tuesday took the wraps off of its next-generation Xbox One, a console designed to conquer the living room by attempting to unite major forms of digital entertainment into a single, connected device.
The notion that music fits certain activities continues to spread at digital music services. Soundrop, known best for its Spotify app, launched what it calls “theme rooms” Tuesday that allow listeners to choose music based on activities.
A report, "Making Freemium Add Up," published Tuesday by Mark Mulligan of Midia Consulting, compares key metrics of Spotify, Deezer, Pandora and Slacker alongside Angry Birds, Hulu, Skype and others to glean further insight into the so-called freemium model.
"Independent Study" is a new Billboard.biz column that will profile a different independent label every other Tuesday. For its second installment, we take a look at Fool's Gold Records, a label run by Nick Catchdubs and A-Trak in Brooklyn which houses the likes of Danny Brown and Duck Sauce.
Ticketmaster announced the appointment of Jared Smith as president of Ticketmaster North America. Smith has been with Ticketmaster since 2003, initially overseeing venues in Georgia and Illinois before going on to become the company's COO. On the same day, Universal Music Group announced the appointment of Rob Wells to its Executive Board. Wells is UMG's current president of Global Digital Business, based in Santa Monica.
Billboard.biz (Smith; Wells)
One Direction's sponsorship deal follows in a tradition that Nabisco brands have in aligning with major pop stars, from early tours with N Sync and Britney Spears to more recent outings with “Glee” in 2011 and “American Idol” in 2012.
Longtime Uriah Heep bassist Trevor Bolder, who in the early 1970s backed David Bowie on a string of iconic glam rock albums, beginning with "Hunky Dory," died on Tuesday after a lengthy battle with cancer. He was 62. "Trevor was a wonderful musician and a major inspiration for whichever band he was working with. But he was foremostly a tremendous guy, a great man," Bowie says in a message posted on his Website.
WMG CEO STEPHEN COOPER: IRADIO WILL HELP FM/AM
Warner Music Group CEO Steve Cooper told analysts this week the label would welcome Apple’s iRadio into the digital radio business, saying it would “lead the charge” for other streaming music services and “accelerate the growth” for broadcast radio’s digital radio services. The shift from FM to digital helps the record labels because, unlike on-air broadcasts, it’s a way for them to get royalties from broadcasters.
According to Torrent Freak, new tax records reveal that the RIAA has made heavy employee cuts after revenue dropped to a new low. Over the past two years the major record labels have cut back their membership dues from $33.6 to $23.6 million. RIAA staff plunged from 107 to 60 workers in the same period. The IRS filing further shows that the music industry group paid $250,000 to the six strikes anti-piracy system.
Elvis isn’t drawing the same crowds. Core Media Group is trying to sell the image rights to the “King of Rock” and Elvis Enterprises, which houses memorabilia and select music copyrights. The company hopes to fetch around $200 million for the Elvis Presley rights, plus those of famed boxer Muhammad Ali. But banking sources said the list of potential buyers is short.
New York Post
According to the latest data from Pew, teens find Facebook to be more an extension of their daily interactions at school and home than a place where they can relax and be themselves. The unease isn’t from concerns about third parties accessing their data, or even their parents discovering unflattering photos — it’s from the "drama" that goes along with maintaining a presence on the network, including jockeying for likes, agonizing over profile pictures, and the politicking and cliques that characterize teenage life.
Aretha Franklin is taking off the month of June. A spokesman for the 71-year-old singer says Franklin will reschedule two shows and resume her touring schedule in July. Publicist David Brokaw provided no other details Tuesday. Franklin cancelled scheduled performances in Chicago and Connecticut this week to undergo medical treatment, but did not specify what type of treatment she was receiving.
IFPI CEO Fances Moore has earmarked the Asian music market as one of “huge potential growth” but has called for essential performance rights to be bolstered in the region. Speaking at Music Matters in Singapore, Moore detailed music industry trends in Asia and around the world, reiterating IFPI’s ‘road to recovery’ message at the fact that the global music industry grew by 0.3% in 2012.
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