Economy of the United States

  1. U.S. Debt Fight Could Bring More Airwaves For Broadband

    July 29, 2011 6:26 AM EDT WASHINGTON (AP) - The debt ceiling battle could produce an unlikely winner: smartphone users. Senate Majority Leader Harry Reid's current plan would direct the Federal Communications Commission to auction off highly valuable radio spectrum to ...

  2. 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 ...

  3. Indie Record Labels Saddle Creek, Fool's Gold Open Retail Stores

    July 26, 2011 5:11 PM EDT Brick and Mortar: Saddle Creek's new store in Omaha, Nebraska. This past weekend (July 23) Saddle Creek Records celebrated the grand opening of its new record store in its hometown of Omaha, Nebraska, with live performances by The Mynabirds a ...

  4. Wal-Mart Offers Video Streaming Via Vudu Post Netflix Price Increases

    July 26, 2011 8:05 AM EDT NEW YORK (AP) - Now playing: Movies at Walmart.com. The world's largest retailer on Tuesday started streaming many movies the same day they come out on DVD, in a second bid for a share of popular movie rental and streaming website Netflix Inc ...

  5. Billboard Q&A: Mike Davis

    July 22, 2011 1:10 PM EDT When Mike Davis joined Atlanta-based one-stop Justin Entertainment as a sales representative in 1989, he had a pretty limited view of the music business. "Back then," he recalls, "I thought the scope of the music industry consiste ...

  6. Apple Considering Offer to Buy Hulu (Report)

    July 22, 2011 8:41 AM EDT Apple is considering making an offer for the online video service Hulu, Bloomberg reported Thursday, citing sources. The company is said to be in early talks to buy the site, which is owned by Walt Disney, News Corp., Comcast's NBCUniversal a ...

  7. Access-Warner Music Investor Documents Reveal New Roles for Edgar Bronfman Jr., Lyor Cohen

    July 21, 2011 4:29 PM EDT In taking over control of Warner Music Group , Access Industries, as expected, is putting its own people in place on the company's board of directors. Stephen Cooper, a board member at one of the companies that Access Industry has invested in ...

  8. Borders End to Have Ripple Effect Across Country

    July 20, 2011 7:02 AM EDT NEW YORK (AP) - What happens when a pioneer like Borders goes out of business? Depends on who you ask. A day after the bankrupt Ann Arbor, Mich.-based chain said it would seek court approval to sell off its assets and shutter its remaining 399 sto ...

  9. Amazon Gets Go Ahead For Calif Sales Tax Referendum

    July 19, 2011 7:12 AM EDT Amazon says gets OK for Calif sales tax referendum SAN FRANCISCO (AP) - Amazon.com Inc. says the California Attorney General's Office has approved its petition for a referendum that would let voters decide whether to overturn a new law that f ...

  10. Apple Shares Hit All-Time High

    July 18, 2011 8:10 PM EDT Apple traded at an all-time high Monday of $374.65 before closing a nickel beneath that milestone as investors positioned themselves for what is expected to be impressive quarterly earnings. Apple is scheduled to release financial details of its f ...

  11. Global Ad Spending to Rise 4.1% This Year, Return to Pre-Recession Peak

    July 13, 2011 7:01 AM EDT NEW YORK - Global advertising expenditures will return to pre-recession peak levels this year, but the U.S. will take several years to return to its peak performance, media planning and buying firm ZenithOptimedia predicted Tuesday. "While th ...

  12. Live Nation Would Benefit From Going Private: John Malone

    July 07, 2011 8:28 AM EDT SUN VALLEY, Idaho - Live Nation Entertainment , the world's largest concert and promotions business, would benefit from being taken private, according to the company's largest shareholder. Cable entertainment mogul John Malone said Live ...

  13. 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 ...

  14. Viacom Sues Cablevision over iPad Streams

    June 24, 2011 8:33 AM EDT NEW YORK - Viacom Inc sued Cablevision Systems Corp to halt what it called the unauthorized streaming of its programing on devices such as Apple Inc's iPad. The lawsuit was filed on Thursday in Manhattan federal court, one day after court doc ...

  15. Hulu Considering Putting Itself Up For Sale

    June 22, 2011 7:15 AM EDT LOS ANGELES - Online video service Hulu is exploring putting itself up for sale after receiving an unsolicited takeover offer, people familiar with the matter said Tuesday. The offer was large enough to make Hulu's board review the deal and c ...

  16. Universal Music/Motown Update: What Are the Next Moves?

    June 17, 2011 7:33 PM EDT The long-expected reconfiguration of the Universal Music Group's East Coast labels began unfolding today, leaving two separate major labels -- the Island Def Jam Music Group and Universal Motown Republic Group -- with shared services in selec ...

  17. Business Matters: Pandora Goes Public During Market Downturn, Not That it Matters

    June 15, 2011 5:10 PM EDT Pandora Goes Public During Market Downturn -- Not That it Matters -- Pandora's successful IPO arrives as the broader stock market has gone through a slump. But the timing isn't necessary bad. A cloudy market shouldn't be a problem f ...

  18. 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 ...

  19. Live Nation Shares Rise, Then Slip After Report Company May Go Private

    June 13, 2011 3:50 PM EDT Shares of Live Nation have risen after a Friday New York Post report claimed the company is in early buyout discussions with Liberty Media. Shares rose 6% on Friday but were down over 3% in early Monday trading, suggesting the market was less cert ...

  20. How Many Millions Is Amazon Losing On Its 99 Cent Lady Gaga Sales?

    May 26, 2011 9:51 AM EDT Amazon is selling Lady Gaga's "Born This Way" album for .99 cents again Thursday (May 26) taking a loss on each sale in order to drive traffic to its site. The company offered the same promotion on the album's release day Monda ...

  21. Amazon's 99-Cent Lady Gaga 'Born This Way' Promotion Hits Technical Difficulties

    May 23, 2011 1:15 PM EDT Today only, Amazon's MP3 store is selling Lady Gaga's new 14-track album, "Born This Way," for just 99 cents . The title had already become the store's top digital album by 9am ET, but Amazon's network appears to have ...

  22. It's Official: Sylvia Rhone Leaves Universal Motown -- But May Remain at Universal Music Group

    May 20, 2011 6:27 PM EDT It's official: As speculated by Billboard.biz yesterday , Sylvia Rhone has left her post at Universal Motown -- but she may not be leaving Universal Music Group. According to sources, Rhone is still waiting on the final details of a new posit ...

  23. TuneSat Raises $6 Million, Plans to Build Team and Expand to New Markets

    May 20, 2011 12:25 PM EDT TuneSat , a provider of broadcast and Internet performance tracking services, raised $6 million in a round of funding led by General Electric Pension Trust. Scott Jones, Founder and CEO of ChaCha and former CEO and Chairman of Gracenote, along wit ...

  24. Liberty Media Offers $1 Billion for Barnes & Noble

    May 20, 2011 7:54 AM EDT NEW YORK (Reuters) - John Malone's Liberty Media Corp has proposed to buy Barnes & Noble Inc for $1.02 billion, nine months after the largest U.S. bookstore chain put itself up for sale. Liberty Media is offering $17 per share, a 20.5 per ...

  25. Sylvia Rhone, Ron Fair Expected to Exit in Forthcoming Universal Music Shuffle

    May 19, 2011 10:25 PM EDT The drumbeat is getting louder that Sylvia Rhone will exit Universal Motown Friday (May 20) or within the next few days, depending on which source you listen to. But does that departure mean the end of her days at the Universal Music Group, as som ...

  26. Business Matters: A Peek Into Live Nation's Ticketing Strategy

    May 19, 2011 8:05 PM EDT A Peek Into Live Nation's Ticketing Strategy -- Live Nation CEO Michael Rapino went into some detail about the company's efforts to improve ticket sales at a JP Morgan conference Wednesday. "The good news is the consumer will come i ...

  27. Viacom's Philippe Dauman Tops Wall Street Journal's Highest-Paid CEOs List

    May 09, 2011 12:11 PM EDT CEOs of media, entertainment and TV giants claimed five of the top 10 spots on a Wall Street Journal list of executives with the highest compensation for 2010 . The median value of salaries, bonuses and long-term incentive awards for the CEOs of 3 ...

  28. Groupon and Live Nation Partner On GrouponLive, Ticket Discount Site

    May 09, 2011 11:30 AM EDT After a year of mass discounting, some of it maligned as a reactive strategy that devalued the live music experience, Live Nation will come at discounting from a different angle this year with a partnership with Groupon to develop an online ticket ...

  29. Warner Music/Access Industries Deal Is A Win For Both -- But Will Gores Try to Upend It?

    May 06, 2011 7:48 PM EDT Access Industries' proposed $3.3 billion acquisition of the Warner Music Group (WMG) is turning out to be a "best of both worlds" kind of deal for all involved. For one, the private equity owners of WMG will get another payday on to ...

  30. Judy McGrath Left MTV the Day After 'Electric Barbarellas' Premiere -- Coincidence?

    May 05, 2011 6:45 PM EDT You may recall that last year, MTV Networks CEO/Chairman Judy McGrath -- who stepped down today after 30 years at the company - was engaged in a battle of the wills with Sumner Redstone over a reality show involving a scantily clad, all-female gro ...

  31. Business Matters: Revising the Average TuneCore User's Revenue Up a Few Bucks

    April 27, 2011 8:59 PM EDT Revising the Average TuneCore User's Revenue Up a Few Bucks -- What an average artist makes from digital sales depends on many factors, including the assumptions and math behind one's calculations. On Tuesday, Digital Music News posted t ...

  32. Amazon.com's Profit Tumbles More Than Expected

    April 26, 2011 8:12 PM EDT Amazon.com said Tuesday that its net income fell 33 percent in the latest quarter, a steeper drop than Wall Street expected as the online retailer poured more money into expanding its operations. While Amazon's profit was a disappointment, it ...

  33. The Dating Game Between Music and Sponsorships Explored at Billboard Latin Music Conference Panels

    April 26, 2011 7:08 PM EDT The Effectiveness of Local Branding Panelists: (left to right)Carlos Boughton, brand director of Tecate and Tecate Light, Heineken USA; Luis Miguel Messianu, president/chief creative officer of Alma; Carla Dodds, senior director of multicultural m ...

  34. Amazon Betting on Cloud Computing, Sacrificing Some Profit

    April 26, 2011 8:20 AM EDT Amazon.com Inc is thinking long-term when it spends heavily on "the cloud," but investors may see a little more short-term rain when the online retailer reports its earnings on Tuesday. The company has been willing to sacrifice some prof ...

  35. Dish Network to Keep 600 Blockbuster Stores Open: Report

    April 19, 2011 7:00 AM EDT Dish Network, which recent won approval from a bankruptcy court judge to acquire Blockbuster for $320 million, plan to keep 600 of the movie-rental chain's stores open, the Dallas Morning News reported. The satellite TV provider said in a Sat ...

  36. Live Nation CEO Michael Rapino's Pay Doubles To Nearly $16 Million In 2010

    April 15, 2011 8:59 PM EDT Live Nation Entertainment CEO Michael Rapino was paid 137% more last year than in 2009, according to a proxy statement filed with the SEC on Friday. The figures were first reported by the Wall Street Journal . Rapino's total 2010 compensation ...

  37. Warner Music Group Shares Rise Amid Sale Rumors

    April 14, 2011 7:00 AM EDT Shares of Warner Music Group rose 3.4 percent on Wednesday to $7.61 as word spread the company could be bought in a matter of weeks. The Wall Street Journal reported -- citing anonymous sources -- that instead of selling pieces of the company, as ...

  38. Universal Motown's Sylvia Rhone Honored By National Action Network; President Obama Speaks At Ceremony

    April 07, 2011 10:55 AM EDT NEW YORK -- Universal Motown President Sylvia Rhone was honored last night at the National Action Network's 20th Anniversary Keepers of the Dream Awards. Other honorees included NFL Hall of Famer Jim Brown, MSNBC President Phil Griffin and NB ...

  39. Dish Network Acquiring Blockbuster for $228 Million

    April 06, 2011 7:11 AM EDT Dish Network Corp. said Wednesday that it won the auction for Blockbuster Inc. with a bid valued at $228 million in cash. As of Tuesday, the satellite TV company, billionaire investor Carl Icahn and a group of debt holders were the three remaining ...

  40. Hulu on Pace to Top 1 Million Subscribers

    April 05, 2011 11:46 AM EDT Internet video company Hulu is on track to nearly double its revenue to $500 million and bring its subscriber count to more than 1 million this year, its top executive wrote in a blog post on Monday. Hulu Chief Executive Officer Jason Kilar also s ...

  41. 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 ...

  42. Hot Topic To Shut ShockHound.com

    March 29, 2011 1:05 PM EDT Hot Topic Inc will discontinue ShockHound.com, its website that sells music merchandise and MP3s, and said Amy Kocoureke, the merchandising chief of its namesake division, left the company as it overhauls its business. The changes kick off the rei ...

  43. 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 ...

  44. AT&T/T-Mobile Merger: Five Ways It Could Impact Music Biz

    March 21, 2011 2:29 PM EDT On the eve of the mobile phone industry's annual CTIA Wireless conference, AT&T dropped the bombshell news that it is acquiring rival T-Mobile for $39 billion. The move has all manner of repercussions for the wireless market, should it pa ...

  45. Illinois 'Amazon Law' Would Raise Online Music Prices

    March 14, 2011 5:58 PM EDT A new law is making its way through the Illinois capital building that would raise prices of Internet purchases. Like similar laws in other states, this hints at the changes that could face digital media as well as physical media sold online. The ...

  46. Cumulus to Buy Radio Rival Citadel Broadcasting

    March 10, 2011 8:38 AM EST Cumulus Media is buying Citadel Broadcasting in a $1.7 billion deal that would unite two of the nation's largest radio station owners. Cumulus Media Inc. said Thursday it is paying $37 per share for Citadel Broadcasting Corp. Cumulus says the ...

  47. Trans World Narrows Loss

    March 04, 2011 4:30 PM EST Trans World Entertainment reported $12.4 million in net income, or 38 cents per diluted share on sales of $231.3 million for its fiscal fourth quarter ended Jan. 29, 2011. That marked an improvement by $1 million over the $11.4 million in net inco ...

  48. Update: Live Nation Losses Grew In Fourth Quarter

    February 28, 2011 4:49 PM EST Live Nation reported a net loss of $124 million on revenue of $1.24 billion in the fourth quarter of 2010, the company revealed on Monday afternoon. Its full-year net loss was $228 million on revenue of $5.06 billion. During the earnings call Live ...

  49. Business Matters: Who Will Soon Join Eminem in YouTube Billion-Airs Club?

    February 23, 2011 2:58 PM EST The YouTube Billion-Airs Club: Eminem, Bieber, Gaga and...Rhi Rhi? -- Who will follow Eminem to become the fourth artist to surpass one billion YouTube views? Rihanna, who currently has nearly 986 million YouTube views. Based on her daily average ...

  50. Borders Files Chapter 11, To Close 200 Stores

    February 16, 2011 8:00 AM EST Borders Group is filing for Chapter 11 bankruptcy reorganization after a long struggle to stay afloat as the book and music businesses changed beneath its feet. The 40-year-old company plans to close about 30 percent of its stores, or about 200, o ...

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