| KATY PERRY NAMED BILLBOARD WOMAN OF THE YEAR: Billboard has announced that Katy Perry will accept its coveted Woman of the Year Award at the 2012 Billboard Women in Music event taking place Friday, Nov. 30, at Capitale in New York City. The award honors the achievements of trailblazing female recording artist over the past 12 months and acknowledges her overall success in the music business and her leadership in embracing the changing industry.
| IF APPLE IS PEAKING, WHAT DIGITAL SERVICES ARE NEXT? Without another iPhone, iPad or iPod, Apple will not have the next innovative product that transforms the digital music marketplace. The question then becomes who will step in and take from Apple its place at the top of the digital music heap? And how long will it take? Or will the digital music marketplace languish without Apple's leadership?
LYOR COHEN EXEC. TURNTABLE SPECULATION: With Monday's sudden announcement that Lyor Cohen was vacating his WMG CEO perch combined with the ongoing UMG-EMI merger shake-out , there has been wildfire exec turntable speculation. Hits Daily Double cites sources claiming soon-to-be ex-EMI chief Roger Faxon denies being approached by Warner for a CEO position and that Cohen is not going to UMG or Sony. Meanwhile Jay-Z, who worked with Cohen at Def Jam, said to the NY Post that Cohen could "Run a big major or start his own thing."
Hits Daily Double
S&P CUTS SONY DEBT RATINGS, CITING WEAK ELECTRONICS TRENDS: Debt ratings agency Standard & Poor's on Wednesday cut its debt ratings for Sony Corp., parent company of Sony Music, citing a lack of momentum in the electronics business of the entertainment and consumer electronics conglomerate. At the same time S&P kept it at investment grade levels, which signals that it continues to feel the company is credit-worthy and financially solid enough though further downgrades are possible .
BARCLAYS CENTER DEVELOPER BRUCE RATNER TALKS BROOKLYN, JAY-Z, AND NEW ARENA'S CULTURAL IMPACT: Bruce Ratner is chairman/CEO of Forest City Ratner Cos., developer of Brooklyn's new Barclays Center and is the man responsible for the arrival of Brooklyn's new center for professional sports and arena-level entertainment. Here he talks "cutting-edge" Brooklyn, affordable ticket prices and working with Jay Z.
COURT OF APPEALS SIDES WITH TIM MCGRAW IN CURB RECORDS CASE: The Court of Appeals of Tennessee in Nashville on Tuesday upheld a November 2011 Chancery Court ruling that denied Curb Records' request for a preliminary injunction that would have prevented Tim McGraw from signing with another record company.
MAYBACH MUSIC GROUP ANNOUNCES TOUR: The MMG ensemble will soon be bringing the money bags to a town near you. Meek Mill, Wale and Rick Ross will be kicking off their first nationwide tour this fall, with special guest Machine Gun Kelly. As DJ Scream will be handling hosting duties during each show, the month-long, 23-date trek will find the team kicking things off on Nov. 2nd in Columbus, OH and end on Dec. 2nd in San Diego, CA.
GRAMMY AWARDS DEADLINE SPURS EARLY VINYL LP RELEASES FROM MUSE, MIGUEL AND, UM, BARBRA STREISAND: The rush of late-September album releases can only mean one thing: It's the end of the Grammy Awards eligibility period. Vinyl releases that streeted this week seemingly only to make the Grammy Awards deadline, include the latest from Diana Krall, Muse, Miguel and even Barbra Streisand.