Morning Fix: Live Nation's 'Epic' Earnings, Broken Down; Spotify Driving Force Behind Umg's Big Streaming Jump; New Legislation Looks To Update Copyright

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LIVE NATION'S 'EPIC' 2013 EARNINGS BROKEN DOWN

The full extent of the "epic" year Live Nation Entertainment CEO Michael Rapino told Billboard about more than a month ago was revealed yesterday (Feb. 24) in the company’s Q4/2013 earnings report, which helped boost LN stocks by 8.42% to $23.69 per share by the end of closing Tuesday.
Billboard.biz


SPOTIFY DROVE UNIVERSAL MUSIC’S 75% JUMP IN STREAMING REVENUE LAST YEAR

Spotify drove a large part of the 75% jump Universal Music Group achieved in 2013 in subscription and streaming revenue, according to a source familiar with the music group’s financial statements.
Billboard.biz


NEW LEGISLATION SEEKS TO MODERNIZE COPYRIGHT ACT TO BENEFIT SONGWRITERS

A member of Congress has introduced legislation this morning aimed at ensuring that the Copyright Royalty Board also consider fair market value when setting songwriter mechanical royalty rates for digital services.
Billboard.biz


IT’S A MISTAKE FOR TECH TO IGNORE COUNTRY MUSIC FANS (GUEST POST)

It’s no secret that we live in a mobile, social world. But the extent to which country stars and their fans constantly harness mobile and social platforms may come as a surprise.
Billboard.biz


BEATS MUSIC HIRES EX-GANG OF FOUR'S DAVE ALLEN AS ARTIST ADVOCATE (EXCLUSIVE)

In an effort to address the critics of streaming music head on, Beats Music has hired Dave Allen, the former bass guitarist for the post-punk band Gang of Four, to be the company's public face and chief advocate.
Billboard.biz


SARA BAREILLES SIGNS WITH BRUNO MARS' MANAGER BRANDON CREED

Singer-songwriter Sara Bareilles has found herself a new manager in Brandon Creed, sources tell The Hollywood Reporter. Creed, via his own The Creed Co., handles the careers of Bruno Mars and Mark Ronson, along with award-winning songwriting-production collective The Smeezingtons and the bands Hunter Hunted and Falls.
Billboard.biz


GRAMMY-WINNING ART DIRECTOR IAN CUTTLER SALA REPORTEDLY DEAD IN CAR ACCIDENT

Sala was a passenger in the Ford GT driven by Sami Hayek, Salma Hayek's brother (pictured together below). The sports car collided head-on with a Toyota Tacoma pickup truck in the Beverly Crest area, as Hayek headed east on Sunset Boulevard, lost control of the car and crossed into the westbound lanes, according to the Los Angeles Police Department.
Billboard.biz


LMFAO'S $7 MILLION FIGHT WITH EX-MANAGER ADVANCES (HERE'S THE REMIX)

The electronic duo LMFAO is now appearing at a trial before the California Labor Commissioner and the dispute with ex-management firm RPMGRP over $7 million in money allegedly owed is exploring the finer nuances of the "remix."
Billboard.biz


SONY FINDS NEW HEADQUARTERS ON MADISON SQUARE PARK

Sony Corporation has found a fresh home in New York, it was announced today. The company sold its iconic black tower on Manhattan's east side a little over a year ago for $1.1 billion.
Billboard.biz


STEVE BUSCEMI REMEMBERS THE-LATE MAGGIE ESTEP: IN MEMORIAM

In 1997, my brother Michael introduced me to his good friend Maggie Estep, the spitfire spoken word artist extraordinaire. She was interested in having me direct the music video for her sublime interpretation of Lou Reed's "Vicious," from her powerful second album, "Love Is a Dog From Hell."
Billboard.biz


IS DE LA SOUL’S LONG FIGHT TO RELEASE ITS MUSIC DIGITALLY FINALLY OVER—OR JUST BEGINNING?

Why couldn’t De La Soul reissue their albums in MP3 format and make them available for a fair price on iTunes? As many of its fans know, the group has a tangled history with sampling and copyright law; a post last week by the advocacy group the Future of Music Coalition offered a useful primer on the situation. De La Soul’s first three albums were classics of hip-hop’s sampladelic golden age—a time when artists sampled liberally and were more cavalier about securing (or not securing) permission to use those samples.
Slate


AEG SUFFERS KNOCK BACK IN ELECTRIC FOREST BATTLE

Live giant AEG Live has received a knock-back in a legal battle with the owners of the site of the American music festival Electric Forest, in which the live giant now has an interest after buying the event’s co-promoter Madison House Presents earlier this month.
CMU


STOP THE PRESSES!

  • Lily Allen's New Album 'Sheezus' Inspired By Kanye West's 'Yeezus'
  • Die Hard Director Released From Jail

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