Morning Fix: SoundExchange Hits New Cash Distro Record; Twitter's IPO Won't Upend Music Biz; Telemundo Prez Abruptly Resigns

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SOUNDEXCHANGE DISTRIBUTES RECORD $153 MILLION IN Q3, CELEBRATES 10-YEAR ANNIVERSARY

SoundExchange set another record for distributions in the third quarter, sending $153.7 million to record labels and artists in the third quarter. The figure was 25.5% greater than the same period last year and 74.7% above the $88 million distributed in the third quarter of 2011.  
Billboard.biz


WHAT DOES TWITTER'S IPO MEAN TO THE MUSIC BIZ? NOT A WHOLE LOT (ANALYSIS)

Twitter is hoping to raise $1 billion in an initial public stock offering. What does it mean to the music business? Not a whole lot. 
Billboard.biz


EMILIO ROMANO, PRESIDENT OF TELEMUNDO, RESIGNS

Emilio Romano has resigned from his post as Telemundo's president two years after joining the network, according to Joe Uva, NBCUniversal's chairman of Hispanic enterprises and content, in a statement to employees.
Billboard.biz


IN VEGAS, CLUBBING ALMOST AS POPULAR AS GAMBLING

The cannon at the Flutter Fetti booth near the front of the gambling trade show in Las Vegas last week delivered regular bursts of metallic and crepe paper cutouts, shooting them to the ceiling in big booms and carpeting the floor with shimmering hearts, stars and circles. The glittery mess outshone the slot machines and online poker touchscreens in more ways than one. 
Billboard.biz


ROGER WATERS PASSES MADONNA FOR SOLO BOXSCORE RECORD WITH $459M WALL LIVE TOUR

Rock legend Roger Waters sets the solo artist Boxscore record with totals submitted from the final leg of the Wall Live tour, which also place him at No. 1 on our weekly ranking of Hot Tours.
Billboard.biz


JUSTIN TIMBERLAKE'S ALBUM SALES FORECAST GROWS, LORDE SET FOR NO. 3 DEBUT ON BILLBOARD 200

On next week's Billboard 200 albums chart, Justin Timberlake is set for his second No. 1 this year, while red-hot singer Lorde is aiming for a No. 3 start with her debut full-length album, "Pure Heroine."  
Billboard.biz


MORRISSEY STEPS IN TO SAVE TUMBLR PAIRING THE SMITHS LYRICS WITH PEANUTS CARTOONS

Morrissey has revealed that he was not consulted over last month’s takedown request aimed at a Tumblr blog pairing The Smiths lyrics with Peanuts comic strips.
Fact


KOBALT NEIGHBOURING RIGHTS: 'WE'RE BUILDING A BIG COMPANY - BUT QUALITY AND TRANSPARENCY COME FIRST'

For a company that’s only been running for one and a half years, Kobalt Neighbouring Rights is already building up a bit of a reputation.
Music Week


SEC CLEARS APPLE’S TAX STRATEGY

Four months after opening its review of Apple’s finances, the Securities and Exchange Commission has closed it, having found nothing untoward about the company’s handling of its overseas cash and related tax policies.
AllThingsD


ELVIS PRESLEY STILL NO. 1 - IN DIGITALLY STREAMED MUSIC

According to Sound­Exchange, a performance rights organization that collects royalties from more than 2,000 digital music services, the late Palm Springs resident ranks as the most frequently streamed artist of the past decade, followed by Bruce Springsteen and Pearl Jam.
MyDesert


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