Thomson Reuters

  1. Pulitzer Prize Winners Announced, Kevin Puts' 'Silent Night: Opera In Two Acts' Wins Music Award

    April 17, 2012 6:30 AM EDT NEW YORK -- The 2012 Pulitzer Prize winners and finalists, with comments from judges: ARTS Music: "Silent Night: Opera in Two Acts" by Kevin Puts, commissioned and premiered by the Minnesota Opera in Minneapolis on Nov. 12, 2011, a stirr ...

  2. Business Matters: Judge Says Live Nation Does Not Monopolize Live Music

    March 27, 2012 6:52 PM EDT Clear Channel/Live Nation Monopoly Case Nearing Dismissal An anti-competition case dating back a decade may have finally concluded with a 63-page decision that Clear Channel/Live Nation does not have a monopoly on rock concerts. On Monday the judg ...

  3. Courtney Holt, Former MySpace Music President, Becomes COO at Maker Studios

    October 31, 2011 3:40 PM EDT Maker Studios announced Monday (October 31) that Courtney Holt, the former president of MySpace Music, has joined as chief operating officer. In this newly created role, Holt will be responsible for overseeing the growth and development of the Mak ...

  4. Business Matters: Shrinking IPO Market Hurt Venture Capital in Q3

    October 11, 2011 8:15 PM EDT Shrinking IPO Market Hurt Venture Capital in Q3 -- Venture capital fundraising fell to an eight-year low in the third quarter, according to the National Venture Capital Association (NVCA). Firms raised $1.7 billion in the quarter, down sharply fro ...

  5. Business Matters: If iTunes Is Still Breaking Even, It Could Cost $1.3 Billion Per Year To Run

    June 14, 2011 8:09 PM EDT If iTunes is Still Breaking Even, It Could Cost $1.3 Billion Per Year To Run -- iTunes could cost Apple $1.3 billion per year beyond royalties to publishers, according to an estimate by market intelligence firm Asymco. The estimate was based on nu ...

  6. 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 ...

  7. Business Matters: Digital Album Sales Way Up in 2011 (Thanks Adele!); More Shareholders Sue WMG

    May 24, 2011 5:19 PM EDT Thanks Adele: Digital Album Sales Way Up in 2011 -- Led by Adele's hit "21", this year's best selling new albums are putting up great digital numbers. The top 5 digital albums have sold 1.81 million units through May 15, accord ...

  8. Disney's Rare Revenue Miss Hurts Shares

    May 11, 2011 7:05 AM EDT NEW YORK (Reuters) - Walt Disney Co reported a rare results miss after "Mars Needs Moms" capped a disappointing quarter at the U.S. box office, sending its shares down 3 percent. Strong advertising growth at sports network ESPN and a ris ...

  9. Sirius Profits Soar, Subscriptions Up

    May 03, 2011 5:25 PM EDT Sirius XM Radio Inc's first-quarter revenue was boosted by more subscribers, but it said lower car sales in the wake of the earthquake in Japan could hurt its subscriber growth this year. The company, home to programming by Howard Stern and M ...

  10. Warner Music $3 Billion Buyout Could be Done this Week: Source

    May 02, 2011 7:13 AM EDT Final buyout bids for Warner Music Group are due on Monday and the company could be sold by the end of the week in a deal valued at over $3 billion, according to a person familiar with the matter. The third round of bids is led by two competing fi ...

  11. 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 ...

  12. 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 ...

  13. Business Matters: Warner Loses Over $100 Million In Market Capitalization

    February 09, 2011 6:43 PM EST Warner Loses Over $100 Million In Market Capitalization -- Shares of Warner Music Group fell 9.79% to $5.62 on Tuesday, knocking off $94.5 million of the company's market capitalization. Shares fell another 1.4% to $5.54 on Wednesday, reducin ...

  14. Entertainment And Media Deals Lead 2010 Mergers and Acquisitions

    January 28, 2011 6:54 AM EST U.S. entertainment and media industry merger and acquisition activity rose slightly in 2010 when looking at the number of deals and outpaced the overall U.S. deal market, according to PricewaterhouseCoopers. However, the total value of completed i ...

  15. Pandora, Groupon to Go Public Soon, Sources Say

    January 14, 2011 12:00 AM EST Internet radio company Pandora and online coupon site Groupo nare moving ahead with plans for initial public offerings, sources familiar with the matter told Reuters. Chicago-based Groupon is meeting with bankers to explore prospects for an " ...

  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. Warner Music Q4 Loss Widens

    November 17, 2010 12:00 AM EST Warner Music Group posted a wider-than-expected quarterly loss and said revenue growth in the U.K. and Italy was offset by weakness in the United States, Japan and the rest of Europe. For July-September, the company posted a loss of 31 cents a sha ...

  18. MSG Entertainment Revenue Up, Operating Losses Persist

    November 08, 2010 12:00 AM EST Madison Square Garden Entertainment, the live events division of Madison Square Garden, Inc., raised its top line revenue but the bottom line continued to suffer in their recent earnings report. In the quarter ended September 30, MSG Entertainment ...

  19. Live Nation 3Q Down On Poor Summer Concert Sales

    November 04, 2010 12:00 AM EDT Live Nation Entertainment Inc., the concert promoter that merged with Ticketmaster this year, said Thursday that its third-quarter net income fell after a dismal summer concert season. Net income fell to $51.4 million, or 30 cents per share, from ...

  20. 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 ...

  21. Apple 4Q Net Income Soars 70 Percent; iPad Falls Short

    October 18, 2010 12:00 AM EDT Apple Inc. said Monday that net income for the most recent quarter soared 70 percent on strong sales of iPhones, though iPad sales fell short of expectations. Shares fell in after-hours trading. Apple's stock had been breaking through record- ...

  22. Google Trumps Wall Street Targets

    October 15, 2010 12:00 AM EDT Google Inc eased fears that big spending would erode margins as its results blew past Wall Street's targets, and the Web search leader revealed for the first time the strength of its fledgling mobile and online display ad businesses. Analysts ...

  23. Wall Street Lukewarm To Hulu IPO Plans

    August 17, 2010 12:00 AM EDT News that Hulu is talking to investment banks about an IPO that could value it at more than $2 billion is a mouth-watering prospect for bankers. After all, the last huge, true Hollywood IPO was that of DreamWorks Animation in 2004. But the news of ...

  24. Live Nation Posts 2Q Loss

    August 05, 2010 12:00 AM EDT Concert promoter and ticket-seller Live Nation says its second-quarter loss grew after a weak summer concert season hurt results. Its net loss in the three months to June 30 grew to $34.6 million, or 20 cents per share, from $27.2 million, or 33 c ...

  25. Amazon Q2 Profit Jumps 45%, Misses Wall Street

    July 23, 2010 12:00 AM EDT Amazon.com Inc. said that its second-quarter net income jumped, bolstered by shoppers who spent more with the online retailer even as consumer confidence fell overall. But the Seattle-based company's earnings fell below analyst expectations, ...

  26. Apple Forecast Beats Street view, Mac Sales Jump

    July 21, 2010 12:00 AM EDT Apple Inc gave an unusually upbeat revenue forecast that trounced Wall Street's expectations and eased fears that the "Antennagate" controversy around its iPhone 4's reception would hurt sales, boosting its shares 3%. It report ...

  27. Yahoo Revenue Misses Expectations

    July 21, 2010 12:00 AM EDT Yahoo Inc missed Wall Street's revenue estimates in the second quarter as some customers unexpectedly cut spending on online display ads toward the end of June, and shares fell more than 6%. The lower-than-expected revenue, which came even as ...

  28. RIM Shares Drop As BlackBerry Shipments Disappoint

    June 25, 2010 12:00 AM EDT Research in Motion reported subscriber and shipment figures that disappointed investors and rekindled fears that the BlackBerry maker is losing market share to Apple Inc and other rivals. Shares of RIM tumbled more than 5% in June 24 after-hour tr ...

  29. 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 ...

  30. 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 ...

  31. 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 ...

  32. Apple Results Smash Street View, Outlook Strong

    April 21, 2010 12:00 AM EDT Apple Inc's results blew past Wall Street expectations on the back of record iPhone sales, and the company gave a strong revenue forecast, sending its shares up more than 5% to an all-time high. The results and forecast should boost Apple ...

  33. Google Profit Rise Fails To Impress

    April 16, 2010 12:00 AM EDT Google Inc posted a 23% jump in quarterly revenue on a rebound in Web advertising, but its stock fell 5% as the company disappointed some investors accustomed to blowout results. Investors were also caught off guard by the company's announcem ...

  34. Sirius Posts Profit, Sees Big Subscriber Growth

    February 26, 2010 12:00 AM EST Sirius XM Radio Inc posted its first quarterly profit since its merger and said it expects to add 500,000 new subscribers in 2010 as the recovery in the car market boosts demand for satellite radio. The results suggest that the company, run by med ...

  35. Activision Results Top Street, Music Games Hit

    February 11, 2010 12:00 AM EST Activision Blizzard Inc has posted better-than-expected results fueled by its hit holiday release "Call Of Duty: Modern Warfare 2," and shares rallied 5.4% as the company said it would start paying an annual dividend. The world's la ...

  36. Business Matters: UMPG, EMI, Seeqpod, President Obama and More

    February 05, 2010 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. Follow Billboard senior analyst Glenn Peoples on Twitter at twitter.com/billboardglenn . -- David Renzer, Universal Music Publishing Group 's ...

  37. Amazon Blows By Estimates, Sees Strong Q1

    January 29, 2010 12:00 AM EST Amazon.com Inc blew past analysts' profit estimates in its closely watched holiday quarter and forecast revenue for early 2010 that topped already-high Wall Street expectations. The world's largest online retailer has been viewed as a wi ...

  38. Nintendo Q3 Profit Down 23%

    January 28, 2010 12:00 AM EST Nintendo Co Ltd posted a 23% fall in quarterly profit as software sales for its DS handheld game player slowed and it cut the price of its Wii console, keeping its forecast for the first annual profit decline in four years. Nintendo has ridden whi ...

  39. Business Matters: EMI, Citigroup, VC Funding, Stock Wrap and More

    January 11, 2010 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- EMI passed the year-end test required by Citigroup , the bank behind Terra Firma's acquisition of the music company, according to a report ...

  40. Warner Music Posts Quarterly Loss

    November 24, 2009 12:00 AM EST Warner Music Group reported a quarterly loss today due to higher interest expense and charges for job cuts. Top selling artists in the period included Jay-Z, Madonna and Japanese acts Kobukuro and Superfly, but the company noted that the shrinking ...

  41. Business Matters: Warner Music, Robbie Williams, Topspin

    November 23, 2009 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- Expectations for Warner Music Group 's fiscal Q4, according to Thomson Reuters, is a 2% drop in revenue (to $836 million) and a 50% increa ...

  42. Apple Smashes Forecasts, Stock Hits Record

    October 20, 2009 12:00 AM EDT Apple Inc's profits and sales streaked past Wall Street forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs. Sales of Mac computers -- the largest single contributor to Apple's revenue ...

  43. Google Back On Track For Growth, Eyes Deals

    October 16, 2009 12:00 AM EDT Google Inc's growth machine is back in gear. The world's No. 1 search engine not only posted higher-than-expected third-quarter profits and revenues, but also said it was looking for major acquisitions and could buy a large company " ...

  44. Live Nation 2Q Loss Widens As Revenue Falls

    August 06, 2009 12:00 AM EDT Concert promoter Live Nation Inc. said Thursday its loss widened in the second quarter as revenue dipped and it logged costs related to its proposed merger with ticket seller TicketMaster Entertainment Inc. Los Angeles-based Live Nation, which is ...

  45. Sony Corp Reports Loss

    May 14, 2009 12:00 AM EDT Sony Corp reported a second straight quarterly loss hurt by a firmer yen, sluggish sales and restructuring costs, and it projected another year of red ink during which it will close eight factories worldwide. Consumer electronics makers around the ...

  46. Live Nation 1Q Loss Widens As Attendance Drops

    May 07, 2009 12:00 AM EDT Live Nation, the largest U.S. operator of concert venues, said Thursday that its first-quarter loss widened in part because fewer people attended concerts in its core North America market. Live Nation Inc., which is planning to merge with Ticketma ...

  47. 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 ...