-- Over half of consumers surveyed for the Nielsen Global Consumer Confidence Survey said they have cut down on out-of-home entertainment. Only 20% said they planned on keeping that spending down. In October, 40% of respondents said they would delay upgrading technology and most maintained that promise. (Nielsen Wire)

-- At the NARM conference, a Best Buy executive said the company may reduce its physical music inventory by 2-3% over the next year. (Digital Music News)

-- Live Nation's "No Service Fee Wednesday" promotion will extend to reserved seats this Wednesday. Last week, all tickets sold under the promotion were lawn seats only. Live Nation said lawn seat sales rose 500% on Wednesday. (AP)

-- Middle Tennessee will be busy this week. Both the CMA Music Festival and Bonnaroo Festival run from Thursday to Sunday. CMA in Nashville expects 52,000 fans while Bonnaroo in Manchester expects 80,000. Two bands are playing both: Cherryholmes and the Zac Brown Band. (The Tennessean)

-- Indaba Music announced the coming arrival of its new digital audio workstation that will allow musicians to record high-quality audio, mix and edit directly via the Internet. (Press release)

-- A report quotes unnamed sources as saying Creative Artists Agency will soon announce its decision to start a recorded music division. The plan is to use this division to compete with record labels and their multi-rights artist deals. (Deadline Hollywood Daily)