Morning Fix: Sony to Reject Entertainment Spinoff; Selena Gomez Takes Jay Z's Throne Atop Billboard 200; Potential of India's Music Market and Much More

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SONY WILL REJECT ENTERTAINMENT UNIT IPO

Amidst news of the company's return to quarterly profit, word this morning that Sony plans to reject calls for a spin-off of its entertainment unit, causing shares to drop even as company execs say they are still reviewing the proposal. 
Billboard.biz


SELENA GOMEZ KNOCKS JAY Z FROM TOP OF BILLBOARD 200 WITH FIRST NO. 1 ALBUM

This week, Selena Gomez collects her first No. 1 title on the Billboard 200 with the arrival of Stars Dance. The Hollywood Records release sold 97,000 copies in its first week -- a career-high frame for the singer, according to Nielsen SoundScan.  
Billboard.biz


BUSINESS MATTERS: SPOTIFY'S 2012 REVENUES MORE THAN DOUBLE, NET LOSSES INCREASE INDICATING WORKABLE BUSINESS MODEL

Spotify, the world's largest music subscription service, more than doubled revenue in 2012 to over $573 million. Although the company lost slightly more money than it did in 2011, there are signs its business model can be sustainable. Numbers from the company's financial statements, filed in Luxembourg, were reported Wednesday by the Financial Times.
Billboard.biz


OP-ED: HOW INDIA, THE 'MOBILE FIRST' CONTINENT, CAN REDUCE PIRACY, EARN THE INDUSTRY $7.8 BILLION

The burgeoning legal music industry in India has, thus far, received little attention from the rest of the world. But for global players, there’s a massive opportunity in this fast-growing market -- one that numbers in the billions of dollars, as revenue barriers like piracy and lack of connectivity are removed.
Billboard.biz


FLORIDA GEORGIA LINE'S 'CRUISE' SETS RECORD FOR LONGEST NO. 1 RUN ON HOT COUNTRY SONGS

Florida Georgia Line sets the all-time record for the most weeks at No. 1 on Billboard's Hot Country Songs chart, as the duo's "Cruise" notches a 22nd cumulative week at the summit. With its latest week on top, the song passes three other titles that each led for 21 weeks over the chart's 69-year history.
Billboard.biz


JULES I. KURZ, MUSIC BUSINESS ATTORNEY WHO WORKED WITH BRUCE SPRINGSTEEN, OZZY OSBOURNE, GRACE JONES, DEAD AT 82

At the Naples, Fla. memorial for Kurz, Suzan J. Bader, president of DSM Producer Inc., remembered Kurz as the “Clarence Darrow of the entertainment industry,” according to a copy of her comments supplied to Billboard.
Billboard.biz


RADIO FREE SONG CLUB HELPS ARTISTS, AMASSES FANS WITH FREE MUSIC AND PERFORMANCES

It's not a revolution – not quite yet anyway. SiriusXM has no reason to sleep with one eye open, but if things keep evolving the way they have been, Radio Free Song Club could be one of the many spark plugs that helps restart the clunking engine of the music business.
Billboard.biz


MAJOR BEATS: BEATS ELECTRONICS MAY BE ON TRACK TO HIT $1.4B IN 2013 REVENUE

Beats Electronics declined to comment on the figures, saying that as a private company, it doesn't share such numbers. But it did point to NPD data that shows Beats is leading the $100-plus headphone industry in the U.S. with more than a 60% market share.
FastCo


MICK FARREN, BRITISH ROCK ’N’ ROLL RENAISSANCE MAN, DIES AT 69

Mr. Farren died after collapsing during a performance by a reconstituted version of the Deviants, the psychedelic band of which he was a member in the ’60s. A friend for many years, Wayne Kramer, a guitarist for the rock band the MC5, said the cause was a heart attack.
New York Times


ROCK THE BELLS SAYS OL' DIRTY BASTARD & EAZY-E HOLOGRAMS ARE FAMILY-ENDORSED

"I can tell you that they're 100 percent on board and supportive as well as Cherry [Jones, Ol' Dirty Bastard's mother]. This has probably been the most positive experience for the entire family. That's what's going to separate the performance from anything that's been done before because the family is going to be involved in the process, in the creation and the direction of this experience."
HipHopDX


VEVO EXTENDS DAILYMOTION DEAL TO EUROPE

The partnership expansion means that Dailymotion’s European music-loving users will be able to get unlimited, on-demand, ad-supported access to Vevo’s catalogue of over 75,000 music videos, concerts and original music programming – which were previously only available to Dailymotion subscribers in the US.
Music Week


STOP THE PRESSES!

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  • Drake Got Laid By His Babysitter, Sampled Aziz Ansari
  • Warren Buffet Admires Walter White's Business Acumen
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  • Scientists Now Growing Teeth From Urine

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