| WHITE PAPER URGES FTC TO BLOCK UMG-EMI DEAL; EU NAT'L REGULATORS TO VOTE ON MERGER Next Week
The American Antitrust Institute, a Washington-based non-profit organization, has issued a white paper urging the Federal Trade Commission to block Universal Music Group's proposed acquisition of EMI's recorded music operation. UMG strongly disputes the paper's findings. A report says national regulators from the 27 E.U. states will vote on the merger late next week, which could influence the European Commission's vote later in the month.
| CHRIS LIGHTY 1968-2012: FROM THE BRONX TO TOP HIP-HOP EXEC: Music industry colleagues and artists are in mourning as they try to make sense of the unexpected death of Chris Lighty. The savvy entrepreneur and hip-hop visionary, who founded the game-changing company Violator Management and has worked with everyone from LL Cool J and 50 Cent to Missy Elliot and Sean "Diddy" Combs, died of an apparent suicide.
BERTELSMANN SEEKING SOLD-OFF EMI ASSETS: Bertelsmann SE, Europe's biggest media company which owns music publishing company BMG Rights Management is looking to snap up assets from EMI's music business that may sold-off to placate regulators. "Acquisitions will play a role, next to organic growth, in the implementation of our growth strategy," CEO Thomas Rabe, said today on a conference call. "We are also looking at the opportunities resulting from the takeover of EMI's publishing business by Sony and the recorded media business by Universal Music."
HOW MUCH WILL JAY-Z'S, BUDWEISER'S MADE IN AMERICAN FEST COST PHILLY? Mayor Nutter skipped an important beat in planning the star-studded Made in America music festival for this weekend: how much will it cost this cash-strapped city to host such a spectacular event that includes Jay-Z, Pearl Jam, Run-DMC, Jill Scott, Drake, and possibly a surprise appearance by Beyoncé?
TWITTER UNVEILS NEW TARGETING TOOL FOR ADVERTISERS Twitter is offering a new way for advertisers to deliver their marketing pitches to the people who are most likely to buy their products and services. The targeting tool introduced Thursday allows ads to be sorted into different categories of interest. Once an ad has been tagged under a specific topic, such as "dogs" or "animation," it could crop up among the tweets of users whose activity has indicated an interest in those topics.
EMELI SANDE SURPASSES ADELE FOR UK's MOST 2012 ALBUM SALES: Emeli Sande's Our Version Of Events has overtaken Adele's 21 to become the UK's biggest-selling artist album of the year so far. The Virgin release surpassed the XL-issued 21's total this week, having sold nearly 660,000 copies up to the end of business on Thursday, according to the Official Charts Company. Adele's album has sold 657K copies and 4.4 million cumulatively.
PANDORA SHARES BOUNCE ON ANALYST UPGRADES: Analyst upgrades and improved fiscal 2013 guidance pushed shares of Pandora Media as high as $12.43 Thursday before ending up 14.3% to $11.52. Pandora's recent earnings report showed the digital radio service increasing revenues and its mobile presence. Trading was heavy at 40.6 million shares versus a daily average of 2.8 million.
SONY MUSIC TO SHOWCASE ARTISTS AT 2014 WORLD CUP IN BRAZI: As one of FIFA's "six most important partnerships," Sony Music will take advantage of the 2014 World Cup to showcase its artists, according to Paulo Passos of UOL.com.br. The electronics company is "already working on a list" of artists for the World Cup anthem and the shows that will take place during the Opening Ceremony as well as the Fan Fest events. Sony is looking to follow "the successful case" of the 2010 World Cup in South Africa where Shakira's "Waka Waka" was a big hit.
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TOKYO COURT SAYS SAMSUNG DIDN'T INFRINGE APPLE PATENT: A Tokyo court today dismissed Apple Inc.'s claim that Samsung had infringed on its patent. The Japanese court case addressed only the synchronizing technology that allows media players to share data with personal computers and was not comparable to the much larger victory that Apple won in the U.S. last week
HOW MOOGFEST BECAME ONE THE MOST MUSICALLY ADVENTUROUS U.S. FESTS IN THE U.S. A C Entertainment founder Ashley Capps discusses reinventing Moogfest (which this year includes GZA performing Liquid Swords, Carl Craig, Nas, Fourtet, and Morton Subotnick) electronic legacies, and how the jam-band circuit helped produce the current festival landscape.