New York Post

  1. Apple Drops Beats Purchase Price From $3.2 to $3 Billion (Report)

    May 28, 2014 1:14 PM EDT Apple has lowered the purchase price of Beats from an estimated $3.2 billion to $3 billion, the New York Post reported this morning.  Leading up to the anticipated acknowledgement and announcement of the acquisition, supposedly due later this week ...

  2. Former Warner Exec Accused of Embezzling Over $1 Million (Report)

    February 05, 2014 3:40 PM EST Danielle Smith, a former executive at Warner Music Group, was arraigned on a charge of first-degree grand larceny after Smith allegedly embezzled $1.3 million from her former employer. The news was first reported by the New York Post. Smith allege ...

  3. WME Taunts CAA with ‘CAAN'T’ Poster Blitz, Website

    June 12, 2013 7:30 AM EDT Talent agency William Morris Endeavor has taken its spat with rival Creative Artists Agency to a higher -- more visible -- level. The Westfield Century City mall in L.A. has been the unlikely battleground for an advertising blitz which has repo ...

  4. Business Matters: Instagram Loses Millions of Users. Will They Return?

    December 28, 2012 2:26 PM EST If your label or band uses the photo-sharing app Instagram, your photos aren't being seen by as many people this week. The larger question is whether or not they're coming back. Instagram has lost nearly a quarter of its daily users in a ...

  5. Glassnote Pitting Majors Against Each Other, May Get 'Outlandish' Deal

    December 20, 2012 8:33 PM EST With Glassnote's distribution deal with RED ending on the last day of February, Daniel Glass is pitting Doug Morris against Lucian Grainge in hopes of coming out with a multi-million-dollar payday, according to sources. With the tit-for-tat b ...

  6. Morning Fix: Jenni Rivera Memorial; Glassnote Being Courted; New SiriusXM CEO's Challenges; 2012's Best Start-ups

    December 20, 2012 7:45 AM EST Subscribe to Billboard's free Morning Fix email and other music-business newsletter HERE JENNI RIVERA HONORED BY FANS AND STARS IN EMOTIONAL MEMORIAL: The memorial commemorating the life of Jenni Rivera was as dramatic and colorful as the art ...

  7. Morning Fix: Young Acts Score Big Grammy Noms, But Bieber Snubbed; Concord Shopped To Equity Firms; Instagram Vs. Twitter

    December 06, 2012 8:45 AM EST Head HERE to subscribe to Billboard's Morning Fix email and our other free music-business newsletters FRANK OCEAN, MUMFORD & SONS, FUN., JAY-Z, KANYE LEAD GRAMMY NOMINATIONS 2013 : The 55th annual Grammys announced its nominees in Nashvil ...

  8. 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 ...

  9. Apple's Internet-Radio Service Faces Many Snags, Not Just Sony/ATV

    October 01, 2012 4:57 PM EDT While digital and satellite radio services may have another level of negotiations to navigate for Apple's forthcoming radio service, a report last week by the New York Post claiming that Sony/ATV Music Publishing is the snag holding up the la ...

  10. Universal Music-EMI Deal Expected to Be Approved by EU Friday

    September 13, 2012 7:11 PM EDT The Universal Music Group's proposed acquisition of EMI is headed for the endgame in the regulatory process. According to sources, on Friday the European Commission will put the deal and the concessions package to vote before full college of ...

  11. Morning Fix: Google's Cloud Negotiations, Adios Apple Ping, Dave Matthews' Record, Bonnaroo 2013

    September 13, 2012 7:42 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. DAVE MATTHEWS BAND HEADING FOR RECORD SIXTH STRAIGHT NO. 1 ALBUM ON THE BILLBOARD 200 Dave Matthews Band should become the first group to score six consecutive No. 1-debut ...

  12. Hal David, Legendary Songwriter and Former ASCAP President, Dead At 91

    September 01, 2012 6:15 PM EDT LOS ANGELES (AP) - Hal David, the stylish, heartfelt lyricist who teamed with Burt Bacharach on dozens of timeless songs for movies, television and a variety of recording artists in the 1960s and beyond, has died. He was 91. David died of complica ...

  13. Morning Fix: Universal-EMI, YouTube, Kenny Chesney, Creamfields, Chris Nadler

    August 27, 2012 8:30 AM EDT CHESNEY, MCGRAW WRAP TOUR WITH ANOTHER REGIONAL RECORD: Kenny Chesney and Tim McGraw wrapped their "Brothers of the Sun" stadium tour last night at Gillette Stadium in Foxboro, Mass., with 111,209 tickets sold for the weekend shows -- wh ...

  14. Business Matters: Looking Forward to Live Nation and Warner Music Group's Earnings Releases

    August 03, 2012 5:04 PM EDT Live Nation, WMG Optimistic Ahead Of 2nd Quarter Earnings Reports * (Correciton appended: Live Nation's earning report is due Tuesday, Aug. 7 not Thursday, Aug. 9 as originally reported.) Both Live Nation and Warner Music Group report second ...

  15. Former Cro-Mags Bassist Reportedly Stabs, Bites Bandmembers at CBGB Festival Show

    July 07, 2012 12:31 PM EDT A CBGB Festival show at New York's Webster Hall was shut down early last night after founding Cro-Mags bassist Harley Flanagan stabbed and bit current members of the band, according to reports in the New York Post and the New York Times . Fla ...

  16. Universal Accused of Delaying IFPI Market Share Report

    June 27, 2012 2:39 PM EDT Universal Music Group is alleged to have caused a delay to the publication of an IFPI report into market-share by attempting "to put its own spin" on its findings, according to the New York Post . In a story published today (June 27), Th ...

  17. Google, Facebook Mulling Investments in Vevo (Report)

    May 31, 2012 7:15 AM EDT Online giants Google and Facebook are looking at a potential investment in online music joint venture Vevo that could be part of a broader advertising partnership with the music service, the New York Post reported Thursday. Quoting sources, the pa ...

  18. Business Matters: Facebook's IPO Could Have Just Killed Some Digital Music IPOs

    May 29, 2012 6:14 PM EDT Facebook IPO Issues May Deter Vevo and Spotify Facebook's problematic IPO has not only resulted in investor lawsuits and questions about the Nasdaq, it could have killed or postponed the IPO aspirations of Vevo and Spotify. Both companies hav ...

  19. Business Matters: Bono Will Make Maybe $10 Million, Not $1.5 Billion, From Facebook's IPO

    May 18, 2012 3:26 PM EDT Bono Will Make Millions -- But Not Billions -- Off Facebook's IPO Bono is rich but not as rich as you have been led to believe in the last few days. A report at NME.com , which was picked up by Spinner, Huffington Post and the New York Post ( ...

  20. Business Matters: Facebook Says Spotify Has Hit 20 Million Users; Spotify Says It Ain't So

    May 15, 2012 8:39 PM EDT Facebook Says Spotify Has Hit 20 Million Users; Spotify Says It Ain't So -- Spotify has reached 20 million monthly active users, according to a count seen at Facebook. Music industry analyst Mark Mulligan noted the mile market in a post at hi ...

  21. Shakira Lines Up $30 Million Deal With Live Nation (Report)

    May 07, 2012 1:15 PM EDT Shakira is taking cues from Madonna and Jay-Z: she'll forgo standard music-industry convention and issue her records through Live Nation and her former label, Sony, the New York Post reports . According to the Post, the mega-concert promoter ...

  22. Spotify, Coca-Cola Team Up for App, Facebook Integration, More

    April 18, 2012 12:00 PM EDT Spotify and Coca-Cola are teaming up for a global partnership that will include a Spotify app, a Facebook integration and a 2013 marketing campaign, among other elements. "This is the beginning of something we both feel will be incredibly lon ...

  23. Business Matters: Spotify, Pandora, Google Music, Lady Antebellum Nominated for 2012 Webby Awards

    April 10, 2012 5:58 PM EDT Webby Awards Announce Nominations A handful of music sites and artists have been nominated for the 16th Annual Webby Awards organized by the International Academy of Digital Arts and Science to award excellent on the Internet. The awards show will ...

  24. If Spotify's Reported 600K U.S. Subscribers Is Disappointing, You Expected Too Much Too Soon

    April 04, 2012 8:48 PM EDT Spotify has amassed three million U.S. users and 600,000 subscribers since its July launch, according to figures reported Wednesday by the New York Post . A major label source tells Billboard.biz that the 600,000 threshold won't be reached fo ...

  25. Michael Lynton Expected to Become CEO of Sony USA: Sources

    March 21, 2012 3:54 PM EDT Sony Pictures Chairman & CEO Michael Lynton is expected to become CEO of Sony Corporation of America, as part of current Chairman/CEO/President Sir Howard Stringer's hand-off of his responsibilities on April 1. As previously reported, Str ...

  26. Publishing Briefs: SESAC, Bicycle Music, BMG, ASCAP, Imagem

    March 15, 2012 2:04 PM EDT SESAC Announces Change in Royalty Distribution SESAC has announced that it will soon make domestic, terrestrial radio performance royalty payments on a monthly basis. Those payments are generally made quarterly. Moreover, the organization says it ...

  27. Business Matters: The Numbers Behind Vevo's Potential Facebook Move

    March 07, 2012 6:50 PM EST What If Facebook And Vevo Really Did Get Together? Facebook and Vevo are reported to be in early talks to move Vevo's catalog of popular music videos and original programming after its deal with YouTube expires in about a year. Whether or not ...

  28. Universal Music Formally Requests EU Approval to Purchase EMI's Labels

    February 20, 2012 1:15 PM EST Vivendi's Universal Music Group today formally requested European Union regulators' approval to buy EMI's recorded-music division. An initial deadline of March 23 was set for a ruling on the deal, according to the European Commissio ...

  29. SESAC for Sale, Owners Seeking $500 Million: Report

    February 15, 2012 8:45 AM EST SESAC's owners, which include investment bank Allen & Co. and hedge fund Och-Ziff, are seeking approximately $500 million for performing-rights organization, according to the New York Post . The organization has hired Goldman Sachs to sho ...

  30. It's Official: Sylvia Rhone to Run New Label Through Epic

    February 14, 2012 8:14 AM EST Sylvia Rhone with L.A. Reid at Essence's tribute to Rhone and Kelly Rowland in Los Angeles last week. (Photo: 2012 A Turner Archives) It looks like L.A. Reid's appearance at Essence magazine's tribute to Sylvia Rhone last week was t ...

  31. Alan Meltzer, Late Wind-Up Records Founder, Left $1.5 Million to Chauffeur, Doorman

    January 31, 2012 10:50 AM EST Alan Meltzer, who founded Wind-Up Records with his ex-wife and died suddenly of undisclosed causes in October at the age of 67, left behind a considerable fortune in his will. But few probably expected him to leave a large percentage of that fortu ...

  32. Jimmy Iovine Denies Pitching Reality Show

    January 31, 2012 10:45 AM EST Last year "American Idol," shaking things up for its Simon Cowell-less 10th season, recruited Steven Tyler and Jennifer Lopez to judge alongside series stalwart Randy Jackson. The show also brought in Jimmy Iovine, chairman of Interscope ...

  33. Jay-Z's Rocawear Recently Laid Off Half Its Staff

    January 18, 2012 7:37 PM EST Jay-Z's personal life and rapping career may be flourishing, but a recent report suggests the fashion line the mogul started over a decade ago may not be doing so well. According to the New York Post , Jay-Z's hip-hop clothing line, Roca ...

  34. Morning Heds: Bon Iver's Label, David Foster Starts At Verve, Mog To Stream In Subarus

    January 10, 2012 7:05 AM EST Bon Iver Establishes New Record Label Music Feeds Justin Vernon, the man behind one of the most successful Indie projects, Bon Iver, has launched his own record label. The label, called Chigliak Records, is an offshoot of his current label Jagjaag ...

  35. FTC Reviewing Citigroup's Sale of EMI To Universal, Sony: Report

    December 22, 2011 12:09 PM EST The FTC is reviewing Citigroup's sale of EMI's recorded music and publishing divisions, according to a New York Post report . The sale of EMI's divisions - recorded music to Universal Music Group for $1.9 billion and music publishin ...

  36. Madonna Signs With Interscope, Source Confirms

    December 14, 2011 9:06 AM EST Madonna has signed with Interscope, a source close to the situation confirmed to Billboard.biz Wednesday morning (Dec. 14). According to a report in the New York Post , the singer will continue the 10-year multi-rights deal with Live Nation -- sai ...

  37. Drake Leaves ICM But Stays With Hip Hop Since 1978, Contrary to Reports

    December 01, 2011 2:29 PM EST Drake has parted ways with ICM but is still represented by Hip Hop Since 1978, despite a report claiming the contrary that appeared in the New York Post early today, a rep for William Morris Endeavor confirmed to Billboard.biz this afternoon. The ...

  38. Wyclef Jean Defends Charity in Wake of Questionable Spending Report

    November 28, 2011 8:27 PM EST Wyclef Jean is defending his charity in the wake of a report that his Yele Haiti Foundation donated less than a third of the $16 million it collected last year to Haitian relief efforts. The hip-hop star told the Associated Press that he's pr ...

  39. Russell Simmons Eyes TV Network Purchase

    September 20, 2011 6:00 PM EDT Music mogul Russell Simmons is eyeing a major media purchase: he wants to buy a TV network. The channel would be "integrated" and truly "diverse," not segregated as is the standard now. Simmons said at a charity event in Hong K ...

  40. Primary Wave and Violator Merge To Form Primary Violator Management

    September 16, 2011 7:47 AM EDT In a move to build a powerhouse management company, Primary Wave Talent Management and Chris Lighty's Violater Management are merging to form Primary Violator. The merged company will be headed by Primary Wave Music founder and CEO Larry Mest ...

  41. EMI: High Bids Put Strategic Buyers -- Including Other Majors -- in the Lead

    August 05, 2011 10:53 AM EDT With the first round of bids in for Citigroup's auction of EMI Group , the higher-than-expected levels of the bids suggest that strategic suitors-including the other major-label groups-may have a leg up on other bidders. Sources say at least ...

  42. Warner Music Group Plans Modest Restructuring Under Access Ownership

    July 25, 2011 9:00 AM EDT Now officially under new ownership , the Warner Music Group plans to achieve cost savings between $50-65 million over the next 27 months. The company plans to achieve those saving through "certain planned corporate restructuring initiatives,& ...

  43. Is Sylvia Rhone Headed to Sony to Restart Portrait Records?

    July 21, 2011 8:59 AM EDT The New York Post reported early Thursday morning that former Universal Motown president Sylvia Rhone is heading to Sony to restore the defunct Portrait label, where she would work closely with new Epic head L.A. Reid . The move, which has been lo ...

  44. 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 ...

  45. How Top Warner Music Execs Are Cashing in on Acquisition, and What a Completed Deal is Worth to Them

    June 22, 2011 2:01 PM EDT Warner Music Group's two top execs, Edgar Bronfman Jr. and Lyor Cohen, have already cashed out of stocks and will enjoy large golden parachutes when the company's acquisition by Access Industries is complete. If the recommendation of gov ...

  46. Apple iCloud Preview: Annual Price, Advances to Labels, Impact on Blackberry and Amazon, and More

    June 03, 2011 4:29 PM EDT The long wait is almost over. With Apple expected to unveil iCloud at its Worldwide Developers Conference Monday , the race to dominate music in the cloud can finally get started in earnest. Full details will be given at Monday's conference, ...

  47. Game Manager Jimmy 'Henchman' Rosemond Wanted on Drug Charge: Report

    May 17, 2011 3:35 PM EDT Jimmy "Henchman" Rosemond," CEO of Czar Entertainment, has reportedly been on the run from federal authorities since a warrant was issued against him last week for alleged involvement in cocaine distribution. Rosemond, who manages T ...

  48. Ryan Seacrest Preps Music Show for NBC; Promises It Won't Compete With 'Idol'

    May 02, 2011 10:00 PM EDT Ryan Seacrest is in early talks with NBC to do a music themed show. Unlike "American Idol," the Ryan Seacrest Productions project is not a traditional competition show, nor is it clear that Seacrest would serve as host. At this stage, th ...

  49. Coachella 2011: Seen & Heard Sunday

    April 18, 2011 11:20 AM EDT There's so much happening on Coachella's five stages (not to mention behind the scenes), that it's impossible to catch everything that goes on around the festival grounds. Here's 10 things we witnessed on Sunday that you may ha ...

  50. EMI To Be Sold By Citi As One Unit

    April 12, 2011 7:18 AM EDT Citigroup (C.N), which got control of the world's fourth-largest record company EMI from British financier Guy Hands in February, plans to sell the company as a whole, the New York Post reported, citing sources. EMI Chief Executive Roger Faxo ...

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