Economy of the United States

  1. Irving Azoff Talks Ticketmaster's Future

    February 09, 2011 2:27 PM EST One year after its completion, newly named Live Music Entertainment Chairman Irving Azoff says overall he is pleased with how the Live Nation/Ticketmaster merger has progressed in just over a year. "At this point last year we'd just comp ...

  2. Exclusive: Irving Azoff On Ticketmaster Competing With AEG/Outbox, Others

    February 08, 2011 11:02 AM EST Last week, Anschutz Entertainment Group (AEG) announced a global ticketing joint venture with Outbox and Cirque du Soleil . In an interview shortly after, Outbox co-president/CEO (and former Ticketmaster chairman) Fred Rosen told Billboard, " ...

  3. Live Nation Acquires Remaining Equity in Front Line, Azoff Named Chairman

    February 07, 2011 8:43 AM EST Live Nation Entertainment acquired substantially all of the remaining equity stake in Front Line Management Group, Inc. that it did not previously own for total consideration of $116.2 million in cash and stock, the company announced today. Additi ...

  4. Business Matters: For Sale: Barely Used Social Networking Site

    February 03, 2011 1:00 PM EST For Sale: Barely Used Social Networking Site -- News Corp. is ready to sell struggling social network Myspace, chief operating officer Chase Carey said in Tuesday's earnings call. Less than a month after Myspace laid off 500 staffers, Carey s ...

  5. Report: AEG To Rival Ticketmaster With New Ticketing Joint Venture

    February 02, 2011 7:55 PM EST AEG has partnered with start-up technology company Outbox Technology Inc. to sell tickets to events at 105 arenas and theaters, the Wall Street Journal reported Wednesday. The move would directly rival live entertainment giant Live Nation Entertai ...

  6. Exclusive: EMI CEO Roger Faxon Talks Citigroup Takeover

    February 01, 2011 5:42 PM EST On the day that Citigroup assumed control of EMI , EMI Group CEO Roger Faxon was a busy man, but he took a few minutes to talk with Billboard . Billboard : This deal gives Citigroup a lot more flexibility and it gets EMI out of the Terra Firma box ...

  7. Shelli and Irving Azoff To Receive City of Hope's 2011 Spirit of Life Award

    January 31, 2011 6:37 PM EST Irving and Shelli Azoff are the 2011 Spirit of Life Award honorees, the City of Hope's Music and Entertainment Industry Group announced today. The Spirit of Life Award is presented to those who exemplify the ideals and values that guide City ...

  8. Barry Diller Resigns From Live Nation Board

    January 28, 2011 2:13 PM EST Barry Diller resigned from the Live Nation board of directors, effective Jan. 24, the company disclosed in an SEC filing on Friday. He had taken over as chairman of Live Nation last year after the company merged with Ticketmaster. It has been repo ...

  9. Top Warner Execs 2010 Pay Increased Despite Revenue Losses

    January 20, 2011 12:00 AM EST Warner Music Group's top two executives took home more money in 2010 than they did the year before, according to details in a recent SEC filing . Judging from the amounts of their bonuses, Warner's leadership exceeded their 2010 goals. C ...

  10. Hastings' John Marmaduke To Be Honored At NARM Confab

    January 14, 2011 12:00 AM EST NARM is gearing up for its 2011 annual convention with the announcement that Hastings Entertainment chairman/CEO/president John Marmaduke will receive the trade group's Presidential Award for sustained executive achievement. The award will be ...

  11. Court Gives Google Another Shot At Microsoft Deal

    January 05, 2011 12:00 AM EST A federal judge has sided with Google Inc. in a lawsuit alleging the U.S. Department of Interior improperly favored Microsoft Corp. in a deal that could have had ripple effects on future software contracts with other federal government agencies. T ...

  12. Sears Holdings Introduces Netflix-Like Service

    December 28, 2010 12:00 AM EST Retail giant Sears Holdings--parent of Sears and Kmart--has tossed its hat into the online video arena with the launch of a new Netflix-like service called Alphaline Entertainment. The service is powered by Sonic Solutions' RoxioNow platform ...

  13. Christmas Sales Decisive For Nation's Two Largest Booksellers

    December 17, 2010 12:00 AM EST The two largest U.S. bookstore chains have offered up a compelling cliffhanger this holiday season that will seal the fate of brick-and-mortar bookselling. In the latest chapter, Barnes & Noble Inc has put itself up for sale, while Borders Gro ...

  14. Business Matters: Best Buy Shares Sink After Disappointing Earnings Results

    December 14, 2010 12:00 AM EST Best Buy's Comp Store Revenue Drops -- U.S. retail sales fared well in November, but Americans aren't rushing to big screen TVs at big box retailers like they did last year. Best Buy's comp store revenue dropped 5% in the quarter en ...

  15. Black Friday Leaves Music Retailers Optimistic For Holiday Season

    November 29, 2010 12:00 AM EST The holiday music sales season is off to a good start, music retails say. Black Friday (Nov. 26) has left many retailers optimistic about their sales prospects for the overall holiday selling season. In its weekly customer e-mail, Rochester, N.Y.- ...

  16. U.S. Shoppers Back In Black Friday Binge

    November 26, 2010 12:00 AM EST U.S. shoppers were back in a Black Friday bargain-binging mood, snapping up hoodies and computer laptops at stores, in a turnout that could give the economic recovery more steam. In contrast to the past two years, shoppers said they were buying mo ...

  17. Amazon Introduces MP3 Gifting Feature

    November 19, 2010 12:00 AM EST Just in time for the holidays, Amazon is giving users the ability to give the gift of music. The company's new "MP3 Gifting" feature lets users buy any track in the services digital library and have it sent to anyone by simply enter ...

  18. Liberty Media Raises Stake In Live Nation

    November 17, 2010 12:00 AM EST Liberty Media increased its stake in Live Nation to just over 18%, according to details in a Wednesday SEC filing. The company's chairman of the board and director, John Malone, took over as interim chairman of the board of Live Nation in mid ...

  19. Business Matters: Regulatory Hurdles In EMI's Future

    November 15, 2010 12:00 AM EST Opinion and analysis of the day's music news. -- If EMI takes the path many people expect, regulatory hurdles are likely to be a part of its future. Now that Terra Firma has lost its lawsuit against Citigroup , many people expect EMI - at lea ...

  20. Former Live Nation Chair Barry Diller Sells 2.53 Million Shares

    November 11, 2010 12:00 AM EST Barry Diller, the former chairman of Live Nation Entertainment, sold 2.53 million shares in the company, according to a government filing. In a filing with the U.S. Securities and Exchange Commission on Thursday, Live Nation said Diller, the chief ...

  21. Live Nation's Concert Chief Garner Leaves The Company

    November 03, 2010 12:00 AM EDT Live Nation Entertainment Inc, the world's No. 1 live music company, has parted ways with Jason Garner, the head of its concert business, according to a regulatory document filed on Wednesday. Garner, who was chief executive of Live Nation Wo ...

  22. Amazon Q3 Profit Jumps 16%

    October 22, 2010 12:00 AM EDT Amazon.com Inc. saw earnings grow in the third quarter as shoppers bought more goods and services, yet costs also rose because the company is having to build new centers to fulfill those orders. Shares fell in extended trading. For the July-Septem ...

  23. Terra Firma vs. Citi Day 2: Did Allegedly False Info Lead To Inflated EMI Price?

    October 19, 2010 12:00 AM EDT In the second day of the Terra Firma/Citigroup trial in New York, lawyers for the plaintiff tried to show how allegedly false information provided by Citigroup helped to stampede the private equity firm into paying an inflated price of 4 billion p ...

  24. Apple Stock Hits All-Time High

    October 13, 2010 12:00 AM EDT Apple’s stock reached an all-time high of $301.96 on Wednesday. In late September it became the world’s second biggest company by market value. With a current market capitalization of $274 billion, Apple is second only to oil company Exxon Mobil’s ...

  25. Wal-Mart's Asda Moves Into Artist Exclusives

    October 11, 2010 12:00 AM EDT Wal-Mart-owned U.K. mass merchant Asda has followed arch-rival Tesco's lead and signed its first exclusive CD deal with an artist -- veteran Irish singer/songwriter Chris De Burgh. Asda has not confirmed any plans for future releases, but for ...

  26. Liberty Media Chairman: Barry Diller 'Got Tired' of Board Conflict

    October 01, 2010 12:00 AM EDT Barry Diller's decision to step down as chairman of Live Nation can be blamed on his getting sucked into discussions about competing interests of different parts of the business, John Malone, chairman of Live Nation investor Liberty Media sai ...

  27. BREAKING: Azoff Responds To Diller Resignation

    September 29, 2010 12:00 AM EDT Live Nation executive chairman Irving Azoff responded to board chairman Barry Diller's resignation via Twitter this morning by saying: "As usual the press reports are ridiculous. It was always Barry Diller's intention to step down f ...

  28. Barry Diller Resigns Live Nation Board

    September 28, 2010 12:00 AM EDT Barry Diller has told members of the Live Nation board that he plans to resign as chairman. Though sources said there was a clash between Diller and other board members over control of the music behemoth, Diller said in a statement, “I have always ...

  29. Billboard Q&A: Former Disney Chief Michael Eisner

    September 22, 2010 12:00 AM EDT During Michael Eisner's 21 years as CEO of the Walt Disney Co., he transformed it from a rudderless operator of theme parks and a family-friendly film studio into a diversified media conglomerate. Since stepping down as Disney's chief ex ...

  30. 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 ...

  31. Microsoft Seeks China Internet Search Partner: Report

    September 01, 2010 12:00 AM EDT Software giant Microsoft Corp is looking for a partner in China to help the company play a major role in China's Internet search market, Wall Street Journal said. Simon Leung, Microsoft's chief executive for greater China, told the Journ ...

  32. Viacom Sees Ad Upswing

    August 05, 2010 12:00 AM EDT Viacom said it is seeing a continued strengthening of the U.S. advertising market. While the economic recovery is coming only in fits and starts, "the overall advertising market continues to strengthen," president and CEO Philippe Dauman ...

  33. Google, Verizon Deny Mobile Pay Tiers Plan

    August 05, 2010 12:00 AM EDT Google and Verizon Wireless on Thursday denied that they are looking to create pay tiers for websites on mobile phones. "(NY Times) is wrong," Google said on its public policy Twitter feed. "We've not had any convos with VZN (V ...

  34. Dimensional Completes Acquisition of The Orchard

    July 29, 2010 12:00 AM EDT Dimensional Associates announced on Thursday the completion of its acquisition of digital distributor The Orchard. The company entered into a merger agreement with Dimensional on March 16. At the time, Dimensional owned 42% of The Orchard's c ...

  35. Business Matters: Live Nation, SeatGeek, Perf. Royalties and more

    July 22, 2010 12:00 AM EDT WALL ST. JOURNAL ON LIVE NATION: 'TRANSPARENCY NOT ENOUGH' -- The reverberations from last week’s Live Nation investor presentation continue. At the Wall Street Journal, Martin Peers reflects on last Thursday’s event and the reasons for ...

  36. Live Nation Loses $432 Million Of Market Cap In Two Days

    July 16, 2010 12:00 AM EDT Erasing about $423 million in market capitalization, Live Nation's stock plunged 21.4% over Thursday and Friday due to a warning of weak ticket sales made on Thursday. After dropping 10.9% on Thursday, Live Nation shares fell another 11.8% on ...

  37. 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 ...

  38. Live Nation Says Ticket Sales Down 12 Percent

    July 15, 2010 12:00 AM EDT Concert promotion giant Live Nation Entertainment Inc. said Thursday that ticket sales for the Top 100 bands are down 12 percent in the first half of the year, and sales will likely fall further in the second half. Shares of the company plunged. S ...

  39. Is Amazon Overhauling Its Digital Music Store?

    July 14, 2010 12:00 AM EDT Is Amazon planning an overhaul of its digital music store? Possibly, according to a post at TechCrunch , which cites one anonymous source as saying that a relaunch is in the cards for the first quarter of next year. The story says Amazon is asking ...

  40. Sun Valley Confab Kicks Off

    July 06, 2010 12:00 AM EDT Entertainment industry power players have descended on Sun Valley, Idaho, for the annual post-July 4 tradition known as summer camp for moguls. Several hundred media and tech execs, financial types, agents, lawyers and assorted sports, entertainme ...

  41. Best Buy Results Disappoint

    June 16, 2010 12:00 AM EDT Best Buy reported lower-than-expected sales and profit, hurt by rising costs of expanding its business and weaker consumer demand, sending its shares down 6%. The top U.S. electronics chain said shoppers proved more tentative in a seasonally weake ...

  42. 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 ...

  43. Wal-Mart Still Selling Miley Cyrus Cadmium Jewelry

    May 19, 2010 12:00 AM EDT Jewelry from two entire lines being sold exclusively at Walmart stores nationwide, including bracelets and necklaces branded by Miley Cyrus, contains high levels of the toxic metal cadmium, according to an Associated Press investigation. Testing o ...

  44. Sirius XM Radio Posts Profit, But Shares Slide

    May 04, 2010 12:00 AM EDT Sirius XM Radio posted its second consecutive quarterly profit as it increased subscribers to its pay radio service and said its full-year results would be bolstered by improving car sales. Its shares fell nearly 10% in early trading after rallyin ...

  45. 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 ...

  46. Poll: Hispanics Optimistic On Economy

    April 23, 2010 12:00 AM EDT Hispanics are the most upbeat when it comes to the prospects of an economic recovery, per a new report from Ipsos and Telemundo. The poll, released today, found that four out of five Hispanics "feel that the economy has stabilized or that it ...

  47. Amazon Outlook Disappoints

    April 23, 2010 12:00 AM EDT Amazon.com Inc forecast lower-than-expected earnings, raising concerns about the online retailer's future margins and sending its shares down about 7%. Like rival eBay Inc, Amazon disappointed investors who had sought greater acceleration in ...

  48. Business Matters: SoundExchange, Google, Live Nation and more

    April 09, 2010 12:00 AM EDT -- SoundExchange Q1 2010 payouts topped $52 million – 25% higher than any previous quarter. New registrants, growth in Internet radio and an increase in satellite radio subscriptions were said to be behind the record payout. ( New York Times ) -- ...

  49. Business Matters: iPad, Veoh, Sirius, Chatimprove and more

    April 08, 2010 12:00 AM EDT -- About 40% of the cost of an iPad ’s components deal with touching and seeing the device, according to iSuppli. The 16 GB version contains $259 worth of components that constitute 52% of the $499 retail price. At the high end, the $699 64 GB ver ...

  50. 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 ...

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