Best Buy

  1. Business Matters: Pre-release File Sharing Helps Album Sales, Says a Study. So Why Not Replicate This Legally?

    May 22, 2012 9:17 PM EDT Study Says File Sharing Helps Established Artists Sell More Albums File sharing albums before their release dates reinforces popularity and helps sales, according to a study of BitTorrent traffic by Robert G. Hammond, an assistant professor at Nor ...

  2. Best Buy Founder Richard Schulze Steps Down Amid CEO Investigation

    May 14, 2012 11:32 AM EDT NEW YORK (AP) - Best Buy said Monday its founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and failed to alert the audit committee. The comp ...

  3. Tupac, Biggie, Mindless Behavior Among Platinum League's New Interactive Hip-Hop Trading Cards

    April 17, 2012 10:04 AM EDT Collector's Items: Platinum League CEO William Green (second from right) with Mindless Behavior (from left) Ray Ray, Prodigy, Princeton and Roc Roya . (photo: Jesse Vendetta) Mindless Behavior, Diggy Simmons, Snoop Dogg, Tupac Shakur and Noto ...

  4. Best Buy Confirms Closure Plans for Remaining 42 U.S. Big Box Stores

    April 15, 2012 10:02 AM EDT Best Buy on Saturday announced the locations of 50 stores that it is closing this year , including seven in California, six in Illinois and six in the company's home state of Minnesota. The struggling electronics chain said last month that it ...

  5. Brian Dunn Resigns as Best Buy CEO

    April 10, 2012 11:36 AM EDT NEW YORK (AP) - Best Buy Co. CEO Brian Dunn has resigned from the nation's largestconsumer electronics retailer, a company that has been struggling to rebound amid growing competition and changing shopping habits. Best Buy, based in Minneapol ...

  6. Secrets Behind K-Pop's Global Success Explored at SXSW Panel

    March 16, 2012 6:14 PM EDT "Do Music Moguls Know A Secret About K-Pop?" That was the question posed by a Friday afternoon panel looking to shed some light on Korean pop's transition from Asian music craze to American crossover, as well as the big business tha ...

  7. Billboard.biz's 2012 SXSW Blog Part 2

    March 14, 2012 2:06 PM EDT Billboard.biz's 2012 SXSW Blog March 17, 2012 | Person ON the Street Man on the Street: Fred Mills, Editor, Blurt Magazine Fred Mills, Editor, Blurt Magazine Billboard.biz: What's the best band/artist you've seen yet? Fred Mills: Br ...

  8. Other Music Launching Label With Fat Possum

    March 13, 2012 5:15 PM EDT Other Music, New York City's small but enduring bastion of independent music retail, yesterday announced it is launching a music label in partnership with Fat Possum Records. The Other Music Recording Co.'s first release will be by Brook ...

  9. Gloria Trevi and Reik To Headline 2012 Billboard En Concierto

    March 13, 2012 6:40 AM EDT For the third consecutive year, Billboard is teaming up with Telemundo Media and Cardenas Marketing Network (CMN) for its 3rd annual Billboard Latin Music Series. "Billboard En Concierto," presented by State Farm in association with Bud ...

  10. Jay-Z to Perform at South by Southwest, Show to Be Livestreamed on YouTube

    March 06, 2012 10:51 PM EST Jay-Z will be performing at South by Southwest for the second year in a row. The MC has teamed up with American Express for the "Amex Sync Show," which will air live from SXSW at Austin City Limits on March 12 at 7 p.m. CST -- the show w ...

  11. Mog Not 'Actively' Shopping Itself, CEO Says (Report)

    February 28, 2012 9:01 PM EST David Hyman, the CEO of subscription service Mog, says the company has not "actively" been shopping itself, contradicting a report on Tuesday by CNET that the company was struggling and has been seeking a buyer. Speaking to Reuters , Hym ...

  12. Tyga Album's First Week at Retail Disrupted by Uncleared Martin Luther King Jr. Sample

    February 23, 2012 5:45 PM EST Tyga trumpeted Tuesday's release date for his long-awaited Young Money/Universal debut, "Careless World," for weeks. The album's title has come to mean more than the MC probably intended: While the LP did officially drop on tha ...

  13. FCC Plans To Nix National Wireless Network

    February 16, 2012 6:43 AM EST NEW YORK (AP) -- Federal officials plan to kill a proposal to build a new national high-speed wireless network after concluding it would in some cases jam personal-navigation and other GPS devices. The Federal Communications Commission sought comm ...

  14. Anderson Acquires U.S. Distribution Rights from Sony DADC

    February 13, 2012 1:45 PM EST In a move to become the industry's backroom on CD distribution and fulfillment, Anderson Merchandisers has acquired CD distribution from Sony DADC, the company that supplies pick, pack and ship services to the Universal Music Group, EMI Music ...

  15. Doritos, H&M, Chrysler Take Top Super Bowl Ad Honors -- Pepsi's Elton Ad Tops Music

    February 06, 2012 12:53 PM EST As Twitter reached record highs last night - 9,420 sports-related tweets per second, according to Twitter's blog - many brands clamored to lead the conversation in the ever-fickle social media-sphere. According to BrandBowl, a real-time analy ...

  16. Billboard Power 100: Tim Westergren

    January 27, 2012 12:07 AM EST No. 40 Tim Westergren Founder/Chief Strategy Officer Pandora Twitter: @TimWestergren Reshaping Radio... Internet radio in 2012 can be traced back to one person: Tim Westergren (right), the founder of personalized Internet radio service Pandora. Th ...

  17. Billboard Power 100: John Butcher

    January 26, 2012 8:47 PM EST No. 67 John Butcher VP of Entertainment Target Twitter: @Target_Corp Sharp-Shooter The weight that Target throws around in music retailing--under the leadership of John Butcher--exceeds the estimated 7.8% market share the retail chain captured in ...

  18. Rhapsody Expands to UK, Germany With Acquisition of Napster International

    January 26, 2012 5:29 AM EST Rhapsody is extending its reach into Europe through acquisitions of Napster International. The deal means Rhapsody will own and operate the Napster service in the UK and Germany. Terms were not disclosed, The acquisition makes for an "ideal e ...

  19. Cricket's Muve Music Quietly Passes 500,000 Subscribers

    January 09, 2012 9:05 AM EST Mobile carrier Cricket Communications announced Monday it surpassed 500,000 subscribers to Muve Music, the unlimited music service it bundles with mobile service. About one year after launch, Muve Music has quietly amassed about half the subscribe ...

  20. CES 2012: Here's What The Music Biz Will Be Watching For

    January 09, 2012 9:00 AM EST The International Consumer Electronics Show in Las Vegas, long the go-to event for the tech and mobile industries, is increasingly becoming a magnet for music-based services and media companies. With many of this year's announcements expected ...

  21. 2012's Consumer Electronics Show Biz Blog

    January 09, 2012 7:29 AM EST Jan 13, 2012 | Blog Post CES 2012: 8 Cool Things Andrew Hampp, Las Vegas The music industry was all over Las Vegas this week, from Will Smith and Kelly Clarkson at Sony's presentation, Justin Timberlake's cameo at MySpace's TV annou ...

  22. Business Matters: Onesheet Adds New Features to Better Simplify Your Web Presence

    January 06, 2012 7:56 PM EST Onesheet Adds New Features to Better Simplify Your Web Presence -- Watch for Onesheet to become a favored tool in 2012 for building an online presence among musicians and other creative types. Launched in August by ArtistData founder Brenden Mulli ...

  23. The Year in Music Stocks: The Good, The Bad, The Overall Decline

    January 01, 2012 4:18 PM EST Music stocks were much like the broader markets in 2011: a mix of good and bad with an overall decline. Billboard's list of ten music-related stocks fell by an average of 4 percent in 2011. The Dow rose 3.2 percent, the S&P 500 dropped 1. ...

  24. Business Matters: Disappointing Best Buy Quarter Part of Technology Retail Slide

    December 13, 2011 6:44 PM EST Tech Retail In The Dumps -- Best Buy shares fell 15.5 percent Tuesday on heaving trading (five times the daily average) after the company released disappointing sales figures for its fiscal third quarter ending Nov.26, 2011. Revenue dropped 2 perc ...

  25. Business Matters: Flaws in the Argument That Spotify Will 'Never' Be Profitable

    December 12, 2011 6:49 PM EST Flaws in the Argument That Spotify Will 'Never' Be Profitable After a few years of media infatuation, success is making Spotify a popular target for criticism. First, Spotify withstood months of criticism about payouts to artists - a fla ...

  26. Backbeat: Black Star Play NYC, Talk Recording in Africa, Aretha Franklin-Inspired Mix Tape

    December 09, 2011 7:45 AM EST Black Star, the hip hop moniker of Talib Kweli and Yasiin Bey (formerly Mos Def), hit the stage at the Best Buy Theater in Times Square Saturday night to perform two shows, their first in New York since releasing new material as Black Star for the ...

  27. The Year In Country: Country Fans Log On

    December 08, 2011 8:50 AM EST Observers and advertisers have generally viewed country consumers as behind the curve in their consumption of digital media. But after a landmark 2011, it may be time to retire that perception. As of early November, sales of digital country albums ...

  28. Labels Like 2011's CD Numbers...Except The One On The Bottom Line

    December 08, 2011 8:35 AM EST Label executives may gnash their teeth about the razor-thin profit margins they derive from the $5 CD being sold in corrugated fixtures and at speed tables in Walmart and Best Buy. But they like the sales bump that this year's new popular con ...

  29. Napster Laid To Rest...Inside Rhapsody

    December 01, 2011 5:30 PM EST Digital music's most disruptive brand, Napster, closed down yesterday, swallowed up by nine-year-old, music subscription service Rhapsody. It marks a symbolic end to the notorious file-sharing brand, which tried but failed to turn into a legi ...

  30. Black Friday, Cyber Monday Great for Retailers; Record-Store Day Items Drive Music Sales

    November 29, 2011 1:42 PM EST While music merchants say that they too, like retail in general, experienced a strong sales for the Black Friday weekend, some of them acknowledge that music wasn't leading the charge. "We had a great weekend," says one chain execut ...

  31. Cyber Monday Forecast To Set $1.2 Billion Sales Record

    November 28, 2011 7:15 AM EST There's good news for online retailers this year: Black Friday Internet sales jumped 26 percent, while Cyber Monday spending is projected to reach a record $1.2 billion, according to data released Sunday by market research firm ComScore. Blac ...

  32. MPAA President Chris Dodd Warns Tech Community to Support Stop Online Piracy Act (SOPA)

    November 17, 2011 6:02 AM EST On the same day that the U.S. House of Representatives was holding hearings in Washington on an Internet piracy bill that is opposed by many technology companies, former Senator Chris Dodd was in Hollywood warning the tech giants that if they fail ...

  33. Editor's Note: New Billboard Policy Sets Pricing Threshold for Albums, Singles

    November 16, 2011 4:00 PM EST After much thought and consultation with the industry, Billboard has decided to implement a new charting policy. Effective with the sales tracking week of November 21 through the 27th, which coincides with the Billboard charts dated December 10, a ...

  34. Backbeat: Porcupine Tree Frontman Steven Wilson's First NYC Solo Gig @ Best Buy Theater

    November 15, 2011 7:15 AM EST Dream Theater keyboardist Jordan Rudess (left) and Steve Wilson. (Photo: Christa Titus) After fronting the band Porcupine Tree and collaborating on such projects as Blackfield and Bass Communion , U.K. prog maven Steven Wilson headlined his first ...

  35. Mac Miller, 'Twilight,' Romeo Santos Heading for Top of Billboard 200

    November 11, 2011 6:25 PM EST As we reported earlier this week , Mac Miller is about to make a splash on the Billboard 200 albums chart, as his "Blue Slide Park" debut is set to bow at No. 1 on the tally next week. Sources suggest the rapper's album could sell i ...

  36. Best Buy To Shutter U.K. Stores; Invests $1.3 billion In Best Buy Mobile

    November 07, 2011 11:42 AM EST U.S. retail giant Best Buy is to close all 11 of its U.K. stores by the end of the calendar year, it has been announced. The big box retailer opened its first British store in Thurrock, Essex in April 2010 (Billboard.biz, Apr. 27, 2010). A further ...

  37. Major Labels Push Back on Best Buy's Price Demands

    November 04, 2011 3:20 PM EDT A Best Buy initiative to have all single-disc albums at an everyday price of $9.99 for the holiday selling season has been turned back by the major labels-at least for now. While some major-label distribution executives expect the conversation to ...

  38. Muve Music Inks Deal with Merlin, the Self-Proclaimed 'Fifth Major Label'

    October 25, 2011 12:01 PM EDT Muve Music, the music subscription service of Cricket Communications, has signed a licensing deal with global rights agency Merlin. The deal adds more than 2 million songs to the wireless company's music service. Merlin, which calls itself &q ...

  39. Business Matters: Amazon Becomes a Book Publisher -- Is Music Next?

    October 17, 2011 8:20 PM EDT Amazon Becomes a Book Publisher -- Is Music Next? -- Amazon will publish 122 books in both physical and digital formats this fall, according to the New York Times. It won't just act as an exclusive distributor, however. The company is acting ...

  40. iTunes: Music Retail's Friend or Foe?

    October 07, 2011 4:25 PM EDT Opinion in the music business is still split between those who think Apple saved record labels just when it looked like Internet piracy was about to overwhelm them and others who think the company did lasting damage to the music business by its in ...

  41. Read: Steve Jobs' Billboard 2004 Cover Story

    October 06, 2011 6:35 PM EDT On the occasion of the one year anniversary of the Apple iTunes store on May 1, 2004, Billboard ran a Q&A with Steve Jobs. Here the Apple co-founder and CEO, who seldom pulled his punches, called the legal music download market before iTunes & ...

  42. Backbeat: B.o.B., Natasha Bedingfield, Far East Movement Rock Myspace's Amp'd Up! Ad Week Concert

    October 04, 2011 2:20 PM EDT Nothin' On Him: B.O.B. performing onstage during Myspace AMP'd UP opening concert in New York City. (Photo by Fernando Leon/PictureGroup) NEW YORK -- B.o.B., Natasha Bedingfield and Far East Movement were the headliners at Myspace's ...

  43. Rhapsody to Acquire Napster From Best Buy

    October 03, 2011 3:42 PM EDT Rhapsody announced Monday it has signed an agreement to acquire Napster, a competing music subscription service owned by retail giant Best Buy. The value of the was not been announced. Under the terms of the agreement, Rhapsody will get Napter ...

  44. Zynga's CityVille Finally Gets Music with Enrique Iglesias

    September 29, 2011 2:52 PM EDT Virtual Branding: Enrique Iglesias (left) and CityVille's Busy Business Woman are joing forces to help promote the former's "Euphoria Tour." Zynga's CityVille, the enormously popular Facebook game boasting some 72 million ...

  45. Backbeat: Anberlin Kicks Off Tour With Switchfoot @ NYC's Best Buy Theater

    September 29, 2011 7:40 AM EDT Anberlin has just kicked off a tour with rocker friends Switchfoot , visiting New York's Best Buy Theater on Sept. 25. ( Atomic Tom lent additional support.) Although Anberlin is planning to release its next album early summer 2012, it's ...

  46. Business Matters: Another Indie Sours on Streaming Services, But How Solid Is the Math?

    September 28, 2011 6:45 PM EDT Another Indie Sours on Streaming Services, But How Solid Is the Math? -- Another indie label has announced it is leaving streaming services due to their low payouts from the music service. Projekt Records founder Sam Rosenthal explained at the Pro ...

  47. F8 Conference Was Digital Music's Generational Divide

    September 23, 2011 11:34 AM EDT Facebook's f8 conference on Thursday may not have been a changing of the guard in digital music, but it will certainly go down as a critical inflection point. There was a noticeable generation gap in the day's events. Missing from f8 wer ...

  48. Cricket Rides Muve Music Success to Nationwide Rollout

    September 22, 2011 11:36 AM EDT Cricket Communications, the wireless operator behind the surprise hit Muve Music service, is going national. The pre-paid carrier to date has operated only in select markets nationwide, 35 states and amassed some 5.7 million customers. The plan no ...

  49. Business Matters: Spotify Defends Its Practices as Another Metal Label Drops Out

    September 19, 2011 5:54 PM EDT Spotify Defends Its Practices as Another Metal Label Drops Out Spotify is defending its benefit to artists and labels as another metal label, Prosthetic Records, is pulling its catalog from the cloud-based music service. "There [does] not app ...

  50. Exclusive 'Watch The Throne' Release Windows Imperil Long-Term Health of Music Retailers

    September 01, 2011 9:34 AM EDT Jay-Z, Kanye West and their respective labels dissed both the digital and brick-and-mortar account base by giving iTunes an exclusive four-day window on their album Watch the Throne (Roc-a-Fella/Roc Nation/Def Jam) and then giving Best Buy an 11 ...

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