Bloomberg

  1. Second Lawsuit Filed Over Terra Firma’s EMI Acquisition

    March 05, 2010 12:00 AM EST Citigroup is being sued by Colorado-based Sungate Securities, an investor in Terra Firma, over allegations the bank hid conflicts of interest during the sale of EMI, according to Bloomberg . This is the second lawsuit surrounding Terra Firma’s 4 b ...

  2. Business Matters: Digital Music Forum, Lady Gaga, Sellaband, Napster and More

    February 25, 2010 12:00 AM EST -- After EMI was acquired by Terra Firma , artists began to hesitate signing with the record label. Now, The Financial Times says the company's debt load is a hindrance. "It would be very difficult to say to your client you should sign t ...

  3. CTS Eventim Challenges Live Nation-Ticketmaster U.K. Ruling

    January 24, 2010 12:00 AM EST German ticketing company CTS Eventim AG is challenging the Competition Commission's (CC) approval of the proposed merger between Live Nation and Ticketmaster in the United Kingdom. Eventim is arguing that the antitrust authorities didn't ...

  4. Pandora Says It Was Profitable in Q4 2009

    January 12, 2010 12:00 AM EST A major milestone in digital music has been reached: Online radio service Pandora reached profitability in the fourth quarter of 2009, according to a post at GigaOm . “We became profitable for the fourth quarter of 2009, and now we’re shooting for ...

  5. Business Matters: Apple, Lala, Vevo, Rock Hall Of Fame

    December 07, 2009 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- An analyst at UBS Investment Research believes Apple's purchase of Lala ties into the company's $1 billion data server farm project i ...

  6. Business Matters: Last.fm, Xbox, SXSW

    November 25, 2009 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- In light of yesterday's news that music sales have been in the increase in Sweden, it's worth looking at the country's Internet ...

  7. Business Matters: FM Radio, Music Sponsorships, Spotify

    October 08, 2009 12:00 AM EDT -- A bill on low power FM radio will get a vote on Thursday in the House Subcommittee on Communications, Technology and the Internet. The Local Community Radio Act would allow the FCC to license hundreds of new low power, non-commercial stations. ...

  8. Google Sells Underperforming Radio Ad Business

    August 05, 2009 12:00 AM EDT Google Inc. has found a buyer for a radio advertising business it has abandoned as part of efforts to cut costs and jettison underperforming operations. WideOrbit Inc., a privately held company that makes software for the broadcast TV and radio in ...

  9. Pandora Founder Tim Westergren Sits With Billboard For An Extended Q&A

    May 26, 2009 12:00 AM EDT A year ago, Pandora founder Tim Westergren was predicting the company's collapse in the wake of new, higher streaming rates for Internet radio services. Today, he's predicting the personalized Internet radio service will be profitable by ...

  10. Business Briefs: Pandora, ASCAP, Sprialfrog, 'Drum King'

    May 19, 2009 12:00 AM EDT -- Pandora is the latest music service to adopt Gracenote's music lyrics licensing program. The deal will allow Pandora users to view the lyrics of any song streaming from the service at any time, so long as they are covered in Gracenote' ...

  11. Apollo Theater Plans 75th Anniversary Celebration

    May 13, 2009 12:00 AM EDT The Apollo Theater will celebrate its 75th anniversary with a benefit tribute concert and an awards ceremony, among other festivities, on June 8 at the historic venue. Hosted by comedian/actor/radio personality Steve Harvey, the gala will feature ...

  12. The Music Industry's Hulu Plans

    April 23, 2009 12:00 AM EDT The four major labels are interested in broadening their online video footprint by adding Hulu, a video site that streams on-demand television shows, to the list of online outlets that offers music videos, as previously reported by Billboard. Labe ...

  13. New York City Honors U2 By Renaming Street

    March 04, 2009 12:00 AM EST Irish rock band U2 had a 1987 hit with their song "Where the streets have no name," but on Tuesday New York City Mayor Michael Bloomberg temporarily renamed a Manhattan street in their honor. To celebrate the release of the band's 1 ...

  14. Digital Briefs: Amazon, Obama, Republic Project

    February 25, 2009 12:00 AM EST - While it still trails Apple in market share, Amazon's digital music store is outpacing iTunes in customer preference, according to a recent Strategy Analytics report . Of the broadband Internet users surveyed, 26% reported they preferred Am ...

  15. Jobs Unveils Apple's 'Thinnest' iPod

    September 09, 2008 12:00 AM EDT A thin and smiling Apple Inc Chief Executive Steve Jobs launched a much thinner, curved iPod nano music player and joked about the state of his much-discussed health on Tuesday. But shares of Apple fell more than 4 percent after the presentation, ...

  16. Audio Network On Expansion Path

    May 29, 2008 12:00 AM EDT Audio Network, the U.K.-based music licensing company that recently nabbed the Queen's Award for Enterprise, is expanding internationally, Billboard.biz has learned. The company is understood to be opening a U.S. office in New York during the ...

  17. RIAA Drops AllofMP3.com Suit

    May 27, 2008 12:00 AM EDT The RIAA last week dropped its lawsuit against AllofMP3.com, the Russian digital music service that shut down last July. The trade group told Bloomberg that the move was due to the fact that the site is no longer operational and therefore represen ...

  18. The Police Announce Last Show Ever

    May 06, 2008 12:00 AM EDT The Police will perform their final concert ever in New York on a date to be announced in August. The show, which was announced by the band and New York City Mayor Michael Bloomberg in Times Square today (May 6), will be a fundraiser with proceeds ...

  19. Nelson, Mellencamp Bring Farm Aid To New York

    June 11, 2007 12:00 AM EDT Willie Nelson and John Mellencamp joined New York mayor Michael Bloomberg and a host of local farmers today (June 11) amid the Union Square Green Market to announce a Sept. 9 date for the annual Farm Aid benefit at Randall's Island. As usual, ...

  20. Report: EU Regulators OK Universal, BMG Pub Deal

    April 18, 2007 12:00 AM EDT How close is Universal Music Group to winning regulatory approval to buy BMG Music Publishing? Just weeks away, apparently. According to a report published by Bloomberg, the European Union anti-trust team scrutinizing the giant music publishing ha ...

  21. Latin Grammys Coming To NYC?

    April 11, 2006 12:00 AM EDT Organizers of the Latin Grammys are expected to announce today (April 11) that New York will be the site of the 2006 gala. Laras president Gabriel Abaroa will join New York mayor Michael Bloomberg and Organizers of the Latin Grammys are expected t ...

  22. NYC to Host Hip-Hop Honors Week

    March 30, 2006 12:00 AM EST Six-day celebration will run Oct. 12-17. A six-day celebration of hip-hop culture will be held in October along with VH1's third annual "Hip-Hop Honors" show, network and city officials announced Thursday (March 30). Mayor Michael B ...

  23. Case Resigns From Time Warner Board

    November 08, 2005 12:00 AM EST Steve Case, who co-founded America Online and was one of the architects of the much-maligned AOL-Time Warner merger, said Oct. 31 that he has resigned from TW's board to focus on media investments via NEW YORK (The Hollywood Reporter) -- Stev ...

  24. Bloomberg Signs Production Tax Cut Law

    January 11, 2005 12:00 AM EST Mayor Michael Bloomberg on Jan. 3 signed into law New York City's 5% tax credit for qualified film and television productions as part of its "Made in New York" incentive program. NEW YORK (The Hollywood Reporter) -- Mayor Michael Bl ...

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