Economics

  1. Edgar Bronfman Jr., Warner Music Group CEO, Found Guilty of Insider Trading by French Court

    January 21, 2011 12:00 AM EST A French court, in a surprise ruling, on Friday convicted and fined Warner Music Group chairman and CEO Edgar Bronfman Jr. for insider trading and former high-flying Vivendi CEO Jean-Marie Messier for misusing company funds and misleading investor ...

  2. U.S. Companies Make Combating Intellectual Property Theft A Top Priority To China's Visiting Leader

    January 18, 2011 12:00 AM EST U.S. companies have long demanded that China let its currency rise to make U.S. exports cheaper. But as President Hu Jintao visits Washington this week, U.S. companies are stressing other goals: Stopping the theft of intellectual property. And get ...

  3. Live Nation - SWAGG Partnership Allows Concertgoers To Purchase Merch Gift Cards With Mobile Phone

    December 29, 2010 12:00 AM EST Have you ever been to a concert with a loved one or friend and wished you could text them some cool concert merch? Well, we're not quite there yet, but thanks to a just-announced partnership between Live Nation Merchandise and SWAGG, a mobile ...

  4. Concert Ticket Prices Expected To Drop In 2011 After Sluggish 2010

    December 27, 2010 12:00 AM EST Concertgoers sick of ballooning ticket prices should have some extra pocket change to rattle with their rock 'n' roll in the new year. 2010 was tough for the concert business as high prices kept many fans at home. Promoters now say they ...

  5. Business Matters: EMI, Pricing Strategies, 'Share' and more

    November 05, 2010 12:00 AM EDT Opinion and analysis of the day's music news. The Future of EMI -- After Terra Firma’s loss to Citigroup in a New York courtroom, the prognosticators started thinking about EMI’s future. Here’s a sample: • “…the court case certainly ...

  6. Business Matters: Warren Buffett, Pandora, Sufjan Stevens

    September 24, 2010 12:00 AM EDT -- From concert promoters to record labels, people in the industry are wondering when consumer spending will return to pre-subprime loan mess levels. Earlier this week, the National Bureau of Economic Research declared that the recession official ...

  7. Blockbuster To File For Bankruptcy This Week

    September 22, 2010 12:00 AM EDT Video rental giant Blockbuster is expected to file for Chapter 11 bankruptcy protection as early as today, the Wall Street Journal reported Wednesday, citing sources. Investor Carl Icahn, who owns about a third of the firm's senior debt, is p ...

  8. 80% Say Recession's Still On

    September 21, 2010 12:00 AM EDT Though the savants at the National Bureau of Economic Research declared this week that the recession officially ended in June 2009, their opinion is unlikely to win much agreement from the public at large. In a Marist Poll conducted in the middle ...

  9. Business Matters: EMI Pension Fund, Fake Reviews, Bananarama

    August 27, 2010 12:00 AM EDT EMI'S PENSION PROBLEMS -- It would be ironic if EMI 's biggest problems came not from its debt but from a liability unrelated to the credit bubble or the recorded music downturn: its pension fund. As ( Billboard.biz has reported ), the U ...

  10. Pensions Regulator To Decide On EMI

    August 27, 2010 12:00 AM EDT The U.K. Pensions Regulator has been asked to rule on the funding of the EMI pension scheme because the trustees and the company cannot reach agreement, the BBC reports. It will be the first time the Pensions Regulator has decided how much extra c ...

  11. Live Nation Opens Up To Investors, Details Plans for Future

    July 15, 2010 12:00 AM EDT During a Thursday afternoon presentation for investors and analysts, Live Nation Entertainment lauded its business strategy, talked about lessons learned in 2010 and offered some interesting details about the company. Hosted mainly by CEO Michael ...

  12. The Quarter Financial Wrap: WMG, UMG, Live Nation, Hastings, Trans World and much more

    June 10, 2010 12:00 AM EDT You hear a lot of grim music business news but recent performances of publicly traded music and music-related companies had enough positive aspects to overlook – at least for a few moments – the industry’s broad decline. Overall, falling physical ...

  13. Analysis: Live Nation Attracts Hedge Fund Interest. Can It Deliver?

    May 28, 2010 12:00 AM EDT Live Nation has attracted some big name investors. Tiger Management, Lone Pine Capital and Glenview Capital Management are three of the hedge funds that bought shares of Live Nation in the first quarter, Reuters pointed out on Friday . The $12-per ...

  14. WMG Q2 Revenue Stable

    May 06, 2010 12:00 AM EDT Warner Music Group's total revenue in the second quarter, to March 31, 2010, was down 1.3% year-on-year to $662 million. The decline was 6% on a constant currency basis. WMG said the performance reflected a light release schedulue, the contin ...

  15. How Will Live Nation Grow?

    April 26, 2010 12:00 AM EDT The New York Times nabbed interviews with Live Nation chiefs Irving Azoff and Michael Rapino for a lengthy Sunday article . Most of the piece is a re-cap of things we know - only 380 words of this 4,996-word article look into the future. But, this ...

  16. Edgar Bronfman Tops U.K. Music Rich List

    April 23, 2010 12:00 AM EDT Warner Music Group chairman and chief executive Edgar Bronfman has topped the 2010 Sunday Times British Music Millionaires chart, with a fortune of £1.64 billion ($2.5 billion). Bronfman qualifies for the list after moving from New York to London ...

  17. Business Matters: New York Times, MXP4, News Corp., Martina McBride and More

    April 22, 2010 12:00 AM EDT -- The New York Times Co., owners of The New York Times and Boston Globe , posted a profit in Q1 2010. The company posted a profit of $12.8 million on revenue of $588 million. National advertising improved. Online revenues grew 15.5% to $90.4 mill ...

  18. @SXSW: Pirate Bay Founder On Piracy, Record Labels and More

    March 15, 2010 12:00 AM EDT Joining a SXSW panel via webconference from Sweden, Pirate Bay co-founder Peter Sunde downplayed the damages of piracy and called for people to consider drastically different business models and smaller music companies. “The rock star dream is gon ...

  19. Gen X, Y Pave The Way To Economic Recovery

    March 09, 2010 12:00 AM EST Baby boomers led the U.S. out of a downturn in the last two recessions, but this time around, it will be Gen Xers and millennials paving the way to economic recovery, according to a new report issued by PricewaterhouseCoopers today. The study -- c ...

  20. Live Nation Gets Nod of Approval From Investors

    March 03, 2010 12:00 AM EST Live Nation's stock is up 7.4% in the last five trading days, and rose 3.2% on Wednesday. The Nasdaq has gained just 1.64% in the last five trading days, while the S&P 500 is up 0.9%. Investors reacted positively to news on Wednesday that ...

  21. Ticketmaster's Multi-tiered Experiment

    March 01, 2010 12:00 AM EST Ticketmaster, the ticketing arm of Live Nation Entertainment, is experimenting with a form of multi-tiered pricing for the Eagles’ concert at Sacramento’s Arco Arena. At Ticketmaster.com, buyers use a new interactive seat map to choose a seat base ...

  22. Live Nation Entertainment: New Tactics, No Income Gains In 2010

    February 25, 2010 12:00 AM EST The public got a closer look at the recently merged Live Nation Entertainment on Thursday when the company reported its fourth quarter and full-year results . Analysts heard no income gains would be visible in 2010. Competitors heard about new tic ...

  23. Will Free-Spending Stage A Comeback?

    February 22, 2010 12:00 AM EST It's a question that has preoccupied marketers ever since the economy went haywire: Will people revert to their free-spending ways once the economy recovers, or has their behavior been permanently transformed? Some observers insist that peopl ...

  24. Live Nation Merger Effect: Ticketfly Signs Largest Deal To Date

    February 18, 2010 12:00 AM EST Merriweather Post Pavilion in Columbia, Md., has inked an online ticketing and marketing deal with Ticketfly. The deal marks the largest venue contract to date for the upstart ticketing company, which also handles ticketing for 9:30 Club in Washin ...

  25. LN, Ticketmaster Merger Investigation Re-opened

    February 11, 2010 12:00 AM EST In another twist to the proposed merger of Live Nation and Ticketmaster, the U.K.'s Competition Commission (CC) has re-opened its investigation into the tie-up. The CC confirmed today (Feb. 11) that the original Dec. 22 decision, which cleare ...

  26. Warner Music Group Posts Q1 Loss

    February 09, 2010 12:00 AM EST Warner Music Group increased revenue 3.5% year-on-year to $918 million in the first quarter to Dec. 31, 2009 but recorded a net loss of $17 million. The loss compared to a $23 million profit in the prior year quarter. Although revenue was up 3.5% ...

  27. Op-Ed: One Cheer For Antitrust

    February 08, 2010 12:00 AM EST On Jan. 25, after 11 months of waiting, Ticketmaster and Live Nation received the approval of the U.S. Department of Justice to consummate their merger to form Live Nation Entertainment. At first blush it looked like a merger that the DOJ would bl ...

  28. Borders U.S. Shareholder: Bankruptcy Not Likely

    February 04, 2010 12:00 AM EST William Ackerman, CEO of hedge fund Pershing Square Capital, has said Borders U.S. is not a "likely bankruptcy." Ackerman, whose company is Borders U.S.' largest shareholder, also told CNBC's "Fast Money" show that he ...

  29. @MIDEM: Chinese Mobile Operators Get IODA Catalog

    January 25, 2010 12:00 AM EST IODA has signed a deal with leading Chinese digital music distribution company R2G which will give mobile phone users in China access to the content aggregator's catalog of independent music. According to the terms of the deal, announced toda ...

  30. U.K. Regulator's U-Turn On Ticketmaster, Live Nation

    December 22, 2009 12:00 AM EST In its ruling today (Dec. 22), the Competition Commission (CC) completely changed its position on the proposed merger of Live Nation and Ticketmaster in the U.K. Such an about-turn for the U.K. regulator is "unusual" according to Simon B ...

  31. New Site Launched Against Ticketmaster-Live Nation Merger

    December 16, 2009 12:00 AM EST Members of Congress, public interest advocates and ticket brokers have teamed up to launch a new Web site that aims to inform the public about the possible impact of the proposed merger between Ticketmaster and Live Nation. The site, ticketdisaste ...

  32. Live Nation Outlines 'Legal Flaws' On U.K. Merger Ruling

    December 07, 2009 12:00 AM EST Live Nation has submitted a document detailing what it describes as "key legal flaws" in the provisional Competition Commission (CC) ruling that the proposed Live Nation and Ticketmaster merger will hinder competition in the market for l ...

  33. Update: Borders U.K. Files For Administration

    November 26, 2009 12:00 AM EST Borders U.K. called in the administrators - roughly equivalent to Chapter 11 bankruptcy protection - on Thursday (Nov. 26), joining a string of British high-street retailers that have fallen victim to the economic slump and tough competition. Admi ...

  34. Live Nation, Ticketmaster Report Q3 Earnings

    November 09, 2009 12:00 AM EST Ticketmaster and Live Nation, which hope to merge early next year, both released their Q3 2009 earnings on Monday afternoon. And both companies weathered a difficult storm. Ticketmaster's revenue was up 3% to $349 million in Q3 2008 versus th ...

  35. Live Nation/Ticketmaster U.K. Merger Inquiry Extended

    November 06, 2009 12:00 AM EST The inquiry by the Competition Commission (CC) in the U.K. into the merger of Live Nation and Ticketmaster has been extended by eight weeks, and will now report by Jan. 19, 2010. It follows a provisional CC ruling on Oct. 8 that the merger will hi ...

  36. Live Nation And Ticketmaster U.K. Merger Review Extended

    November 05, 2009 12:00 AM EST Britain's Competition Commission extended on Thursday its inquiry into the proposed merger between Live Nation Inc and Ticketmaster Inc, the two most powerful companies in the live music business. The inquiry has been extended by eight weeks, ...

  37. LN/Ticketmaster Facing U.K. Competition Hurdle

    October 09, 2009 12:00 AM EDT While the provisional report from the U.K. Competition Commission has dealt a blow to the Live Nation and Ticketmaster Entertainment merger, it appears to be a uniquely British problem according to a competition lawyer. On Oct. 8, the U.K.'s ...

  38. Academic Research Conflicts With 'Long Tail'

    September 21, 2009 12:00 AM EDT According to paper by a pair of Wharton researchers, Netflix data shows trends that conflict with some of the main themes of the 2006 book "The Long Tail." The paper, titled "Is Tom Cruise Threatened: Using Netflix Prize Data to Exa ...

  39. Analysis: Music Biz Earnings Recap

    August 25, 2009 12:00 AM EDT The latest round of earnings releases by music and music-related entertainment companies was a collection of troubled performances and requests for cautious optimism. As has been the case for many quarters, these companies emphasized the positives ...

  40. Warner Music Group Q3 Revenues Down

    August 06, 2009 12:00 AM EDT In its fiscal third quarter, Warner Music Group continued to diversify its product mix but turned in revenue and earnings characteristic of an industry in a difficult transition. Total revenue dropped to $769 million, down 9% from the prior year q ...

  41. PRS for Music Revenues Down 3%

    July 24, 2009 12:00 AM EDT U.K. collecting society PRS for Music has issued unaudited results for the six months to June 30, 2009, which show revenues down 3% to £282.1 million ($463.7 million) from £289.9 million ($476.5 million) in the first half of 2008. In a statement, ...

  42. Tickmaster/Live Nation Merger Under U.K. Scrutiny

    June 10, 2009 12:00 AM EDT The U.K. OFT (Office of Fair Trading) has referred the proposed merger between Ticketmaster Entertainment Inc and Live Nation Inc to the Competition Commission. Prior to the proposed merger, Live Nation made a deal with Europe's largest ticke ...

  43. Summer 2009 Preview: Why The Concert Is Looking Up

    May 15, 2009 12:00 AM EDT In an episode of "The Sopranos," Steve Van Zandt's character Silvio Dante memorably reassures Tony Soprano that two businesses continue to thrive during a recession: "Entertainment, and our thing." The two ventures have so ...

  44. PPL Licensing Revenue Up 11%

    May 11, 2009 12:00 AM EDT PPL, the U.K. licensing body for record companies and performers, has issued financial results that show revenue for 2008 up 11% year-on-year, from £115 million ($173.8 million) to £127.6 million ($192.8 million). The licensing revenue - from U.K. ...

  45. Borders Says Recovery In Spending May Take Years

    May 07, 2009 12:00 AM EDT A recovery in U.S. consumer spending on discretionary goods could take "many, many years," the chief executive of U.S. No. 2 bookseller Borders said on Thursday (May 7). "Our view increasingly is that in certain discretionary catego ...

  46. Iggy Pop Insurance Ad Criticized By Regulator

    April 29, 2009 12:00 AM EDT A U.K. TV commercial for car insurer Swiftcover.com featuring Iggy Pop has been criticized by the advertising regulator after it emerged that musicians could not get insurance with the company. However, Swiftcover.com has pre-empted a ban by annou ...

  47. Business Briefs: Live Nation-Ticketmaster Merger, StubHub, TrueAnthem and More

    April 07, 2009 12:00 AM EDT -- NPD Group found that 87% of U.S. digital music buyers used iTunes in 2008 versus 16% who used Amazon.com's MP3 store . Those figures do not indicate volume of purchases, just the percent of consumers who have purchased music at each store. ...

  48. Ticketmaster Gets Credit Rating Downgraded

    March 25, 2009 12:00 AM EDT After last week's disappointing Q4 earnings release, Standard & Poor's Rating Service lowered by one level the credit rating of Ticketmaster Entertainment . From BusinessWeek.com: "The downgrade reflects Ticketmaster's weak ...

  49. AEG Prepared To Self-Insure Jackson Shows

    March 16, 2009 12:00 AM EDT AEG chief executive Randy Phillips has reportedly confirmed that the company would be prepared to self-insure Michael Jackson in the event of a shortfall in insurance coverage for all the singer's concerts. "We would be prepared to self- ...

  50. Music & Money: VC Firms May Pull Back On Music Investments

    March 05, 2009 12:00 AM EST With digital service providers having a hard time making money and new start-ups still having difficulty affording licensing, venture capital firms may be on the verge of pulling back from investing in the music space. That was one of the conclusi ...

Pages