Companies listed on the New York Stock Exchange

  1. SESAC Refinances Debt to Cut Interest Payments

    April 08, 2014 9:38 PM EDT SESAC, the privately held performance rights organization, is reshuffling its debt to achieve cost savings in interest payments, according to a report from Moody's Investors Services. The refinancing will see SESAC take on $5 million more in ...

  2. 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 ...

  3. Taylor Swift Teams With Walgreens For Exclusive Store To Promote 'Red'

    October 09, 2012 10:10 AM EDT Taylor Swift has teamed with Walgreens, a retailer with 7,944 locations nationwide, to debut the Taylor Swift Store at Walgreens. Beginning this week, Walgreens and select Duane Reade locations will sell Swift-themed merchandise incorporating artw ...

  4. Hastings in Q2: Music Sales Down 12%, Most Everything Else Up

    August 21, 2012 4:35 PM EDT Different retailer, same story. Brick-and-mortar retailer Hastings Entertainment reported a second-quarter loss of $3.4 million on revenue of $104.1 million for the quarter ended July 31. The loss was a slight improvement from a $4.1 million loss ...

  5. En Breve: Telivisa's New Launch,

    July 26, 2012 5:40 PM EDT Televisa Launches Production Firm Mexican media giant Televisa is launching Televisa USA, a U.S.-based production company set to create English-language content for American TV. The venture follows in the footsteps of Pantelion Films, launched in ...

  6. Televisa Launches Televisa USA

    July 16, 2012 6:30 PM EDT Mexican media giant Televisa is launching a U.S.-based production company, called called Televisa USA, to create English-language content for American television. The venture follows in the footsteps of Pantelion Films, launched in 2010 by Lionsga ...

  7. Target Refuses to Stock Frank Ocean Album After iTunes Exclusive

    July 12, 2012 7:20 PM EDT Target will not be carrying Frank Ocean's debut studio album, "Channel Orange," which is projected to make an unexpectedly strong debut on the Billboard 200 next week. According to statements from the company and Ocean's manage ...

  8. Target Not Carrying Frank Ocean's 'Channel Orange' in Response to iTunes Exclusive, Not Ocean's Sexuality

    July 11, 2012 6:41 PM EDT Target will not be carrying Frank Ocean's debut studio album Channel Orange , in response to the label's decision to sell it ahead of its scheduled release date via iTunes -- not due to Ocean's sexuality -- according to statements f ...

  9. Live Nation 1Q Loss Expands; Revenue Ticks Up

    May 09, 2012 9:55 PM EDT Concert promoter Live Nation Entertainment Inc. said Wednesday that its first-quarter net loss expanded even as revenue ticked higher, as it did not repeat an income tax windfall from a year ago. The net loss in the three months to March 31 grew t ...

  10. 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 ...

  11. 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 ...

  12. Pandora Streamed More Than 1 Billion Listener Hours in March

    April 05, 2012 12:33 PM EDT Pandora Media's figures for the month of March show the Internet radio service's growth rate has remained strong since it went public in June. Pandora now streams over one billion listener hours per month, up 88% from 567 million listene ...

  13. Best Buy to Close 50 Big-Box Stores, Open 100 Mobile Locations

    March 29, 2012 11:16 AM EDT Best Buy Co. said it plans to close 50 big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a f ...

  14. Nike Turned a Building into a Music App at SXSW With Help From Diplo and Sleigh Bells

    March 14, 2012 5:05 PM EDT ] (Photo:Thomas Van Buskirk) AUSTIN, TEXAS -- The biggest app at this year's SXSW wasn't Highlight or Glancee , physically speaking. It was the building pictured above, which Nike essentially turned into a music app as part of its Diplo/ ...

  15. Sprint to Buy More Than 30 Million iPhones (Report)

    October 04, 2011 7:15 AM EDT NEW YORK (AP) -- Sprint Nextel Corp. has committed to buying more than 30 million iPhones over the next four years, imposing a heavy burden on an already cash-strapped company, according to a report published Monday. The Wall Street Journal's ...

  16. 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 ...

  17. Jay-Z and Kanye West's 'Watch the Throne' Exclusives Have Retailers Up in Arms

    July 28, 2011 6:00 PM EDT Jay-Z and Kanye West may be kings of hip-hop sales, but their decision to give iTunes and Best Buy exclusive windows to sell different editions of their "Watch the Throne" album has other music retailers in open revolt. Brick-and-mortar ...

  18. Read: Independent Retailers' Open Letter to Jay-Z and Kanye West About 'Watch the Throne' Exclusives

    July 28, 2011 4:54 PM EDT In response to Jay-Z and Kanye West's decision to offer exclusive sales programs to iTunes and Best Buy for their forthcoming "Watch the Throne" LP, a number of independent retailers have written an open letter to the duo protesting ...

  19. Beyonce and Target's '4' Plan: Exec Explains Strategy, Store Shortage

    June 30, 2011 6:00 PM EDT Beyonce is the latest music superstar to team up with Target for an exclusive deluxe edition of her new album. "4," which was released on June 28 and comes with six extra tracks (three new songs and three remixes), 17 minutes of club rem ...

  20. Best Buy Tops Estimates on Strong Mobile Sales

    June 14, 2011 7:01 AM EDT NEW YORK - Best Buy Co Inc (BBY.N) beat quarterly profit and sales estimates as strong demand for mobile phones, calling plans and tablets offset weakness in its TV business, and its shares rose 6 percent. The company, seen as a bellwether in cons ...

  21. Best Buy To Give Away Free Lady Gaga Album to Smartphone Buyers

    May 19, 2011 4:58 PM EDT reported last week, the artist teamed up with online video game giant Zynga http://www.billboard.biz/bbbiz ...

  22. Best Buy Pushes For Sub-$10 Wholesale CD Pricing With As Rackjobber

    April 01, 2011 10:00 AM EDT Changes are afoot at Best Buy that could have significant ramifications for the retailer's relationship with record labels. The consumer electronics chain recently chose Walmart rackjobber Anderson Merchandisers to handle all music buying and ...

  23. Best Buy's Same-Store Sales Fall Again

    March 24, 2011 8:00 AM EDT Best Buy Co Inc reported its third straight quarter of same-store sales declines on weak demand for televisions and entertainment software in the all-important holiday selling season. The largest U.S. consumer electronics chain said its same-store ...

  24. Lady Gaga Talks Target Deal for 'Born This Way'

    February 18, 2011 4:12 PM EST When Lady Gaga's camp announced that it would be releasing an exclusive edition -- complete with remixes and three additional studio cuts -- of the upcoming "Born This Way" album at Target, it excited some of her Little Monsters for ...

  25. Mexico's Televisa To Take 5% Stake In Univision

    October 05, 2010 12:00 AM EDT Mexican broadcaster Grupo Televisa has agreed to take a 5% stake in U.S. Spanish-language media company Univision Communications, which it can grow in the future, and to extend and expand the companies' long-term program license agreement. Th ...

  26. Business Matters: Holiday Sales Predictions, Songkick, Best Buy and more

    September 29, 2010 12:00 AM EDT Opinion and analysis of the day's music news. Economic Recovery Slow -- On the economic front, U.S. CEOs say they are less willing to hire new workers out of fear that sales growth with lose steam, according to a Business Roundtable survey. “ ...

  27. Live Nation Shares Continue Slide On Outlook

    July 16, 2010 12:00 AM EDT Concern about a weak summer concert season sent Live Nation Entertainment Inc. shares down sharply for a second day in a row. THE SPARK: Standard & Poor's analyst Tuna Amobi cut his rating on the company to "Hold" from "Buy ...

  28. Best Buy Unveils First U.K. Store

    April 27, 2010 12:00 AM EDT U.S. retail giant Best Buy has opened the doors to its first U.K. store, marking the start of its ambitious European expansion plans, which it says will see eight to 10 U.K. superstores open in year one and the creation of approx 8,000 British job ...

  29. Best Buy's U.K. Bow Due In May

    March 30, 2010 12:00 AM EDT British shoppers -- and suppliers -- will get their first taste of the Best Buy experience this May. The U.S. retail giant has confirmed that its first U.K. store will open in May, in Thurrock, Essex. The actual opening date has yet to be revealed ...

  30. Televisa To Air Telemundo Content On Latam Pay TV

    July 31, 2009 12:00 AM EDT Mexican broadcaster Televisa will add content from network Telemundo to its pay channels as it strengthens links with the U.S. No. 2 Spanish-language television company to boost viewership. Starting this weekend, Televisa will air Telemundo's ...

  31. Univision Wins Case Barring Televisa Online Shows

    July 20, 2009 12:00 AM EDT A judge Friday barred Mexican TV program producer Televisa from making its shows available in the U.S. over the Internet because of an exclusive distribution deal it has with the country's top Spanish-language broadcaster, Univision. U.S. Dis ...

  32. Comcast Expands Spanish-Language Entertainment Menu

    July 10, 2009 12:00 AM EDT Comcast has added a slew of Spanish-language entertainment channels to its lineup in Northern California. In a move timed with customer upgrades from analog to digital, the cable operator is launching 80 new networks in the market Aug. 11. Among t ...

  33. Televisa, Univision Spar Over Internet Rights

    June 11, 2009 12:00 AM EDT Mexico's top broadcaster, Televisa, and its U.S. licensee Univision returned to federal court in Los Angeles on Tuesday to litigate which has rights to post Televisa-made programs on the Internet. The two companies earlier this year settled a ...

  34. Australia To Build $31 Billion Broadband Network

    April 07, 2009 12:00 AM EDT Australia's government will build a $43 billion Australian ($31 billion) high-speed broadband network, leading a new private-public company, after rejecting bids by companies that it said failed to offer value for money. In a surprise move, p ...

  35. Analysis: As CD Falls at Best Buy, Look to Mobile

    March 27, 2009 12:00 AM EDT Even though CD and DVD sales continue to fall at Best Buy, the music industry had reason to be happy with Best Buy's Q4 and fiscal 2008 earnings release earlier today . The health of the company and its engagement of the mobile sector will pr ...

  36. Best Buy Results Beat Estimates

    March 27, 2009 12:00 AM EDT Best Buy Co posted a 23% drop in quarterly profit, but its shares rose after the retailer's adjusted results topped Wall Street estimates, and it forecast full-year profit above expectations as it benefits from the closure of former rival Cir ...

  37. Latin Briefs: Internet Usage Growth, Telemundo, Televisa

    March 25, 2009 12:00 AM EDT Internet use by Hispanics between 2004 and 2008 grew by 43% in Phoenix, Ariz., according to a study by Scarborough Research . The study looked at rates of Hispanic Internet use in 13 markets, of which Phoenix had experienced the highest growth, fo ...

  38. Best Buy CEO Eyes Bankrupt Retailer Locations

    January 29, 2009 12:00 AM EST U.S. electronics retailer Best Buy Co could take advantage of bankruptcies in the sector by snapping up vacant store locations, but remains cautious as consumer spending continues to slide. "We are looking at some of those [stores], but our f ...

  39. Best Buy Taps President/COO Dunn As New CEO

    January 21, 2009 12:00 AM EST Best Buy Co. Inc. laid out a succession plan Wednesday, saying Brian J. Dunn, its president and COO, will take over this summer as chief executive of the nation's largest consumer electronics chain. The 48-year-old, who began working at the c ...

  40. Best Buy Narrows Full-Year Profit Forecast

    January 09, 2009 12:00 AM EST Best Buy Co, the top consumer electronics retailer, narrowed its full-year profit forecast on Friday after posting a 6.5 percent drop in December same-store sales during the worst U.S. holiday shopping season in nearly 40 years. The retailer said ...

  41. Best Buy Beats Expectations, Eyes Buyouts

    December 16, 2008 12:00 AM EST The basics: * EPS 35 cents vs. estimate 24 cents * Revenue up 16 percent * Buyout offered to corporate staff * Store openings to be reduced next year * Shares up 15.5 percent Best Buy Co. reported better-than expected quarterly results on Tuesday ...

  42. The Year In Music & Touring: Disappointing Guns N' Roses Sales Show The Limits Of Exclusives

    December 14, 2008 12:00 AM EST When Wal-Mart sold 784,000 copies of AC/DC's "Black Ice" during the album's first week in stores, many label executives believed that more superstars would release albums exclusively through big-box retailers. And when Best Buy ...

  43. Borders' Q3 Loss Widens

    November 26, 2008 12:00 AM EST Borders Group Inc. on Tuesday (Nov. 25) reported a widening loss for the third quarter and said it is no longer for sale. Its stock plummeted more than 50 percent in after-hours trading. The Ann Arbor, Mich.-based bookseller has been in the midst ...

  44. Quincy Jones To Market Audio Lines

    November 20, 2008 12:00 AM EST Harman International has inked Quincy Jones to help market its licensed and co-branded products in the consumer, automotive and professional audio fields. Jones will appear at Harman-sponsored events and contribute to corporate and brand-level mar ...

  45. NARM Chairman, Target Buyer Peterson To Retire

    November 18, 2008 12:00 AM EST Sue Peterson, the head of the music buying team at Target and the chairman of the board at the National Assn. of Recording Merchandisers, is retiring at the end of December. Peterson, who was ranked No. 6 in the Billboard "Women in Music, Pow ...

  46. Best Buy Cuts Forecast As Sales Slump

    November 13, 2008 12:00 AM EST Best Buy Co Inc, the No. 1 U.S. electronics chain, slashed its profit forecast on Wednesday, the latest sign that the deepening economic crisis may bring a bleak holiday season, sending the company's shares down 7 percent. Best Buy's war ...

  47. Circuit City Files For Bankruptcy Protection

    November 10, 2008 12:00 AM EST Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday (Nov. 10) but plans to stay open for business as the busy holiday shopping season approaches. It filed under Chapter 11 of t ...

  48. Televisa Inks Another Deal With U.S. Telemundo

    October 20, 2008 12:00 AM EDT Mexico's top broadcaster Televisa said on Monday one of its units reached a deal to carry programs produced by U.S. Spanish-language network Telemundo through several of its digital services in Mexico. This is Televisa's third agreement ...

  49. Televisa Launches Video Portal

    September 26, 2008 12:00 AM EDT TV viewers who enjoy the vicarious thrill of torrid romances, family feuds and scandalous business deals can now relive 50 years of Mexico's famous soap operas. Televisa CEO Emilio Azcarraga Jean says the Mexican media giant is posting 600,00 ...

  50. Hastings Net Income Down

    August 18, 2008 12:00 AM EDT Hastings Entertainment reported net income of $660,000, or six cents per diluted share, on sales of $103.9 million, for the fiscal quarter ended July 31. The results are down from the $1.87 million in net income, or 17 cents per diluted share the ...

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