Business

  1. It's Official: Universal Names Steve Barnett Chairman/CEO of Capitol Music Group

    November 26, 2012 12:05 PM EST Universal Music Group this morning made official a move that's been common knowledge in the music business for many weeks: The company "has begun the revitalization of EMI Recorded Music" with the appointment of former Columbia Reco ...

  2. Billboard's FutureSound White Paper: Why Discovery, Data and Licensing Are Key to the New Music Business

    November 26, 2012 12:00 PM EST The white paper below is taken from the latest edition of Billboard magazine which includes a cover story on T.I., UK chanteuse Paloma Faith's plan to break through in the U.S., Soundcloud's radio partnerships and the "Twilight Brea ...

  3. Frank Barsalona Remembered by Irving Azoff, Danny Zelisko, Peter Luukko, More

    November 25, 2012 6:57 PM EST While the seeds that produced the modern concert business were planted decades ago by pioneering agent Frank Barsalona -- who died Thanksgiving day -- and though he effectively quit the business when he merged his Premier Talent with what was then ...

  4. House Judiciary Subcommittee Announces Internet Royalties Hearing For Nov. 28

    November 21, 2012 6:05 PM EST The debate over Internet radio royalties is headed to Washington D.C. The House Judiciary Subcommittee on Intellectual Property, Competition and the Internet will hold a hearing on Wednesday, November 28 on the topic of music licensing. No witness ...

  5. Business Matters: The Beats Era Begins at Mog -- Can Iovine and Company Recreate Their Headphone Success?

    November 21, 2012 5:58 PM EST Six months after Mog was acquired by Beats Electronics, founder and CEO David Hyman's departure marks the beginning of the Beats era of the music-subscription service. Several sources tell Billboard.biz that Hyman was "never expected to ...

  6. David Hyman Steps Down as Mog CEO

    November 21, 2012 8:31 AM EST In a surprise move, Mog founder David Hyman stepped down as CEO of the company yesterday, just months after selling it to Beats Electronics. The news was first reported in CNET and confirmed by a Beats rep and by Hyman via a Facebook post. "E ...

  7. Business Matters: If Big Radio Had Pandora's Royalty Rate, It Would Owe Billions

    November 20, 2012 4:26 PM EST What if terrestrial radio stations were treated like webcasters and had to pay a royalty similar to the one Pandora pays to SoundExchange for the performance of sound recordings? David Touve, Assistant Professor of Business Administration at Washi ...

  8. Radical.fm, Swedish Streaming Start-up, Takes Aim at Spotify's Crown

    November 19, 2012 11:55 PM EST Sweden, the country that brought the world Spotify, is spawning another free on-demand music service via Radical.fm. The Stockholm-based company, which launched last year as a radio streaming service in Sweden , on Tuesday is adding an unlimited o ...

  9. TuneCore Opens In Japan, Keeps Founder's Vision

    November 19, 2012 12:58 PM EST The departure of Tune-­Core CEO Jeff Price this summer, just months after the exit of co-founder Peter Wells, shocked the music industry, but the online distribution company insists it remains on course and retains its grand vision as it prepare ...

  10. Michael Simon of Harry Fox Agency: Digital Music's Slingshot

    November 19, 2012 12:55 PM EST Michael Simon, the new president/CEO of the Harry Fox Agency, says he has a simple goal for HFA: combine his deep love of music with his desire to build the industry's digital infrastructure to help young people discover musicians like Hal ...

  11. Russell Emmanuel: Taking It To Extremes

    November 19, 2012 12:54 PM EST Fourteen years ago, EMI production music chief Peter Cox summoned a punk rocker named Russell Emmanuel into his London office. Emmanuel had launched Extreme Music just a year earlier in 1997 and was the talk of London after he mailed out condoms ...

  12. Publishers Quarterly: Sony/ATV Denies Kobalt An Upset

    November 19, 2012 12:52 PM EST The third-quarter Publisher Airplay chart produced the most dramatic changes in the rankings since Billboard began its quarterly tracking of chart share for the top 100 songs in 2006. For the quarter, Sony/ATV Music Publishing was by far the to ...

  13. Live Gets Social: Concert Biz Smartens Up with Social Media

    November 19, 2012 12:35 PM EST Just about every marketer in the live entertainment business is tapping into the transition from traditional to social/mobile marketing, including Live Nation Entertainment, the world's largest promoter. But as these means of marketing tak ...

  14. Morning Fix: Bieber, Minaj Win Big at AMAs; Internet Radio Fairness Opponents Unite; AC/DC Joins iTunes

    November 19, 2012 8:30 AM EST Head HERE to subscribe to Billboard's Morning Fix email and other free music-business newsletters AMERICAN MUSIC AWARDS 2012: JUSTIN BIEBER, NICKI MINAJ TOP EXUBERANT NIGHT: Justin Bieber took home Artist of the Year at the American Music Awa ...

  15. How Beatport Got 10 Million Monthly Uniques; Chirpify Sold 10K Amanda Palmer Tees With One Tweet @FutureSound

    November 17, 2012 10:59 AM EST Beatport CEO Matthew Adell discussing Context, Convenience and Serving a Community at the Billboard FutureSound Conference (Photo: Arnold Turner) Perfectly positioned for dance music's rise in the U.S., electronic music platform Beatport is b ...

  16. FutureSound Panel Explores Why Digital Licensing Is 'Still Painful,' But Getting Less So

    November 17, 2012 9:53 AM EST (L-R): Jon Vanhala, SVP Digital & New Business, Island Def Jam & Universal Republic, Universal Music Group; Richard Conlon, SVP Corporate Strategy, Communications & New Media, BMI; John Frankenheimer, Partner & Chairman Emeritus, L ...

  17. From This Week's Billboard: TuneCore Opens In Japan, COO Scott Ackerman Discusses Company's Vision

    November 16, 2012 3:43 PM EST COO Scott Ackerman is currently running TuneCore. Below is a story from the new Billboard on the international expansion of TuneCore, the online distribution company and its vision for the future under COO Scott Ackerman who has run the company si ...

  18. Video: Ian Rogers Talks Tech Innovation, Marketing Changes For New Music Industry at Touring Conference

    November 16, 2012 9:00 AM EST Topspin's Ian Rogers sat down with Billboard at last week's Touring Conference in New York City to discuss the ways in which emerging technology is changing the music industry, specifically how artists can market themselves directly to f ...

  19. Topspin Allies With Pledge Music, Firebrand, INgrooves and Artist Growth

    November 15, 2012 8:34 PM EST Topspin, the Santa Monica-based company that helps artists connect directly with their fans online, on Thursday announced non-exclusive agreements with four digital music companies including Pledge Music, Firebrand, INgrooves Fontana and Artist Gr ...

  20. Fred Wilson Wary on Music Investments; Questions Spotify's Valuation, Apple's Music Leadership

    November 15, 2012 6:52 PM EST Billboard's Bill Werde interviews investor Fred Wilson during the Billboard FutureSound Conference today in San Francisco. (Photo: Arnold Turner) Investor Fred Wilson ( @fredwilson ) loves music but he's still "relatively cautious&q ...

  21. Jason Flom, John Rudolph to Bid for Universal's EMI Assets: Source

    November 15, 2012 4:15 PM EST Billboard has learned that former Bug Music CEO John Rudolph and Lava Records founder Jason Flom have partnered to throw their hat in the bidding ring for the EMI assets that Universal Music Group must sell as part of the terms of their acquisitio ...

  22. Rhapsody Adopts Music App Strategy, Partners With Echo Nest

    November 15, 2012 12:41 PM EST The Echo Nest today announced on its blog a partnership with Rhapsody in which the two companies will create APIs to make it easier than ever for developers to build music apps. The news follows a story (below) published in this week's Billbo ...

  23. Morning Fix: Artists Chastise Pandora; Nachsin Leaves Roadrunner; Nine Bidding for Parlophone

    November 15, 2012 8:15 AM EST Head HERE to subscribe to Billboard's Morning Fix email and other free music-business newsletters RIHANNA, KATY PERRY, BILLY JOEL, 122 OTHER ARTISTS TELL PANDORA: 'THAT'S NOT HOW PARTNERS WORK TOGETHER': The battle over webcast ...

  24. Mathew Knowles Talks Sync, Deals, and Why Gospel Doesn't Get Its Fair Share

    November 14, 2012 2:22 PM EST Mathew Knowles is best known as manager of Destiny's Child and, of course the father of Beyonce and Solange. Over the past two decades, his Houston-based label and management company Music World Entertainment has overseen the careers of those ...

  25. Morning Fix: Universal Music Predicts $158 Million Annual Boost From EMI; Ticketmaster & Walmart Expand Deal; Depeche Mode Signs With WME

    November 14, 2012 7:08 AM EST Head HERE to subscribe to Billboard's Morning Fix email and other free music-business newsletters UNIVERSAL MUSIC EARNINGS DIP, REVENUES RISE IN FIRST NINE MONTHS: Universal Music Group posted a 2.5% decline in earnings before interest taxes ...

  26. Business Matters: As Spotify Adds Ireland and Luxembourg, What To Expect in Emerging Markets

    November 13, 2012 7:44 PM EST Spotify has quietly launched in Ireland and Luxembourg, the company's 16th and 17th countries, giving it markets roughly the size of the state of Louisiana plus the city limits of Tucson, Arizona. What exists beyond these small markets will b ...

  27. Universal Music Earnings Dip In First Nine Months

    November 13, 2012 4:22 PM EST Universal Music Group posted a 2.5% decline in earnings before interest taxes and amortization in the first nine months of 2012 compared with a year ago, according to results posted by its French conglomerate parent Vivendi on Tuesday. The world&# ...

  28. Ticketmaster Expands Walmart Partnership

    November 13, 2012 11:39 AM EST Walmart and Ticketmaster today announced an extension of their strategic partnership in the form of the Walmart Ticket Values program, which provides customers access to a pre-selected number of tickets to major league sporting events, FELD Entert ...

  29. Nielsen BDS Deal With Univision Radio Makes It Leading Monitoring service for Latin Stations

    November 13, 2012 10:05 AM EST Univision Radio, the number one U.S. Spanish-language radio network, will begin using Nielsen BDSradio, making it the leading music monitoring service for Hispanic radio stations in the country. Envision Radio Networks, which represented both Univ ...

  30. Morning Fix: WMG To Bid on Sony/ATV's Rosetta (Report); Joel Klaiman to Columbia; What Spotify's Valuation Means; Bandpage Expands

    November 13, 2012 7:55 AM EST Head HERE to have Billboard's Morning Fix and other free music-business newsletters sent directly to your inbox BUSINESS MATTERS: A $3 BILLION VALUATION BRINGS SPOTIFY EXPECTATIONS BACK TO EARTH: News that Spotify raised money at a $3 billion ...

  31. AEG, StubHub Partnership Brings Benefits Far Beyond Secondary Ticketing

    November 12, 2012 6:51 PM EST A deal that pairs the world's second-biggest concert promoter and the world's second-biggest e-commerce company could unlock value for artists, managers and the promoter -- and further legitimize secondary ticketing. AEG has partnered wi ...

  32. Business Matters: A $3 Billion Valuation Brings Spotify Expectations Back to Earth

    November 12, 2012 6:10 PM EST News that Spotify raised money at a $3 billion valuation and generated $200 million in revenue in the first half of 2012 is more like the sound of air being let out of a tire rather than a bursting bubble. The company has been hyped more than any ...

  33. Record Labels Invested $4.5 Billion in A&R, Marketing in 2011: IFPI Report

    November 12, 2012 12:52 PM EST A new Investing in Music report from international music-industry trade body the International Federation of the Phonographic Industry (IFPI) concludes that, globally, record companies invested $4.5 billion in A&R and marketing in 2011, of whi ...

  34. Morning Fix: Spotify Expanding: AEG, StubHub Align; Labels Invested $4.5 Billion in A&R, Marketing in 2011: IFPI

    November 12, 2012 8:50 AM EST Head HERE to subscribe to Billboard's Morning Fix and other free music-business newsletters SPOTIFY RAISING $100M FOR EXPANSION; OPENING IN LATIN AMERICA, EASTERN EUROPE NEXT YEAR: Spotify is close to wrapping up a $100 million round of fundi ...

  35. Spotify Raising $100m for Expansion; Opening in Latin America, Eastern Europe Next Year

    November 11, 2012 9:00 AM EST Spotify is close to wrapping up a $100 million round of funding at a valuation of $3 billion as it prepares for expansion into Latin America and expanding further across Europe in 2013. The latest round of funding, confirmed by a source familiar w ...

  36. Moody's Cuts Sony's Credit Rating Again, But Calls Music 'Generally Stable'

    November 09, 2012 1:08 PM EST Moody's Investors Service has downgraded the long-term senior unsecured bond ratings of Sony Corporation. A new report issued by Moody's on Friday moves a rating from "Baa2" to "Baa3" and gives a negative outlook for ...

  37. Touring Execs Discuss Secondary Markets (and Russian Billionaires in St. Tropez) at Billboard Touring Conf

    November 08, 2012 3:10 PM EST Talking Billionaires: The Agency Group's Ken Fermaglich (with Brock Jones looking on), speaks to moderator, Jordan Glazier (Photo: Michael Seto) Eventful President/CEO Jordan Glazier moderated the discussion of secondary and tertiary markets ...

  38. Tim Schaaff, Sony's President of Network Entertainment Int'l, Stepping Down

    November 08, 2012 10:05 AM EST The head of Sony Corp.'s Sony Network Entertainment International unit, Tim Schaaff, will step down at the end of the year, with Andy House taking on oversight of Sony's online platforms, which Schaaff has overseen, the company said Thur ...

  39. Morning Fix: WMG Realignment; Elections' Impact on Music Biz; Tim Schaaf Leaving Sony; Azoff Speaks Out

    November 08, 2012 8:20 AM EST Head HERE to subscribe to Billboard's Morning Fix and other free music-business news letters WARNER MUSIC REALIGNS STRUCTURE; CAMERON STRANG GETS BIG BOOST: Warner Music is restructuring and dividing itself into 3 divisions: frontline recorde ...

  40. Warner Music Inks Refinancing Deal with Lower Interest Payments, Balance Sheet Flexibility

    November 07, 2012 4:23 PM EST Warner Music Group has successfully completed a refinancing that will reduce its annual interest payments by about $43 million annually, Billboard estimates. As well as lowering interest payments, the world's third largest music company is al ...

  41. Bandsintown CEO Julien Mitelberg Breaks-Down Concert Discovery App at Billboard Touring Conference

    November 07, 2012 2:10 PM EST Julien Mitelberg, CEO, Bandsintown presenting a case study on how social and mobile integration and tour marketing significantly impact ticket sales. (Photo: Michael Seto) The Billboard Touring Conference got underway today with a case study of li ...

  42. Warner Music Group Realigns Structure; Cameron Strang Gets Big Boost

    November 07, 2012 12:00 PM EST The Warner Music Group has implemented an organizational restructuring that was under discussion when Lyor Cohen still headed up the company's recorded music operation. Lyor Cohen and Warner Music Group: What Are the Next Moves? Insiders Weig ...

  43. Morning Fix: Billboard Touring Conference Kicks Off; Facebook Woos Music Apps; Carnegie Hall Reopens

    November 07, 2012 8:13 AM EST Head H ERE to subscribe to Billboard's Morning Fix and other free music-business newsletters FACEBOOK TO MUSIC APP DEVELOPERS: YOU NEED US: Facebook trumpeted its track record as a platform for music applications not named Spotify in a post e ...

  44. Pandora Sues ASCAP for Lower Rates

    November 06, 2012 12:29 PM EST Internet radio company Pandora has sued ASCAP in a federal court in New York in an effort to get lower rates for the performance of ASCAP's songwriters' and composers' works. The move is the latest by the Internet radio company to l ...

  45. Morning Fix: Live Nation's 3Q Earnings; Pandora Sues ASCAP; Google Buries Legal MP3 Sites

    November 06, 2012 8:18 AM EST Head HERE to subscribe to Billboard's Morning Fix and other free music-business newsletters LIVE NATION PROFIT, REVENUE SOAR IN THIRD QUARTER: Live Nation got through a tepid global economy to deliver strong growth in revenue and net profit i ...

  46. Live Nation Profit, Revenue Soar in Third Quarter

    November 05, 2012 6:35 PM EST Live Nation got through a tepid global economy to deliver strong growth in revenue and net profit in the third quarter. Led by its concerts division, Live Nation's revenue increased 9.7% to $1.96 billion in the quarter from $1.79 billion in t ...

  47. Morning Fix: Hurricane Sandy 'Coming Together' Benefit Raises $23 Mil; Internet Radio Bill; Meek Mill & Rod Stewart

    November 05, 2012 8:04 AM EST Head HERE to subscribe to Billboard's Morning Fix and other free music-business newsletters BRUCE SPRINGSTEEN, MARY J. BLIGE, CHRISTINA AGUILERA PLAY 'COMING TOGETHER' BENEFIT, HELP RAISE $23 MILLION: Bruce Springsteen, Mary J. Blig ...

  48. Robbie Williams Tops UK Singles Chart, Calvin Harris Has No. 1 Album

    November 05, 2012 6:13 AM EST Robbie Williams scored his first U.K. No. 1 single for eight years yesterday with "Candy" (Universal Island) to move into joint second place with Gary Barlow and Cliff Richard on 14 chart-toppers, behind only the four members of the Beat ...

  49. Business Matters: Internet Radio Bill is About Fairness -- and Money

    November 02, 2012 8:56 PM EDT The language in the debate about the Internet Radio Fairness Act might not be about money, but you can be certain the issue is ultimately about money. The bill would change how the Copyright Royalty Board (CRB) determines webcasters' statutor ...

  50. After the Flood: Hurricane Sandy's Impact on the Music Business

    November 02, 2012 8:45 PM EDT (Photo: Doug Kuntz) Below is an article from an in-depth package in the new issue of Billboard examining Hurricane Sandy's enormous economic impact on the music business. You can buy this issue -- which also features a cover story on Alicia K ...

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