Wall Street Journal

  1. News Corp's Sky News Deal Clears British Government

    June 30, 2011 7:29 AM EDT LONDON (Reuters) - News Corp secured British government backing for its buyout of BSkyB on Thursday after the minister responsible rejected complaints the move would give Rupert Murdoch too much power and influence. The Department of Media gave it ...

  2. Business Matters: What Does Google+ Mean to the Music Business?

    June 29, 2011 7:54 PM EDT What Does Google+ Mean to the Music Business? -- Whenever Google launches a new product -- especially one that will compete with social marketing powerhouse Facebook -- there is a tendency to wonder what it means for the music business. While not ...

  3. Sony CEO Howard Stringer Sees 16% Pay Cut

    June 29, 2011 8:12 AM EDT NEW YORK - Sony Corp. chairman and CEO Howard Stringer's compensation for the fiscal year ended in March declined 16 percent to 345 million yen ($4.27 million) as the entertainment and electronics conglomerate posted its third straight year o ...

  4. Do Investors Really Understand Pandora and Digital Music?

    June 27, 2011 2:56 PM EDT One reason for the wide swings in Pandora's stock price is due to wide differences in enthusiasm about the company. Investors with the greatest belief in the company purchased at $24 per share . Others waited until the price dropped below the ...

  5. Google at Center of Antitrust Probes

    June 24, 2011 7:55 AM EDT NEW YORK (Reuters) - Google Inc found itself at the center of multiple government investigations on Thursday into whether it is using its dominance in search advertising to scotch competition. At least three state attorneys general have started an ...

  6. Tiesto Announces New Web Series

    June 21, 2011 6:00 PM EDT The popular Dutch DJ, who pulls in $20 million annually, will be the subject of a new behind-the-scenes series this fall. Fans of one of the world's top DJs, Holland's Tiësto, will get an exclusive behind-the-scenes look at his life late ...

  7. Business Matters: Pandora Falls 24% on Second Day of Trading

    June 16, 2011 5:53 PM EDT Pandora Crashes Back to Earth, But Why? - After flying high on its opening day of public trading, Pandora Media came crashing back to earth on Thursday. Shares closed down 23.88% to $13.26, erasing $690 million in market value. Pandora's IPO ...

  8. Myspace Music Adds New Features as Sale Nears Close

    June 14, 2011 12:39 PM EDT As parent company NewsCorp continues to seek out a buyer for the unit, Myspace continues to build up its product, particularly on the music side of things. Last month, it introduced integration with Facebook, allowing artists to port their Myspace ...

  9. News Corp. Nears MySpace Deal, Report

    June 06, 2011 5:30 PM EDT NEW YORK - Rupert Murdoch's News Corp. is nearing a decision on a deal for MySpace, with a strategic partnership appearing more likely than an outright sale, the Wall Street Journal reported Monday, citing people familiar with the situation. ...

  10. 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, ...

  11. Lady Gaga Says Digital 'Born This Way' Album 'Absolutely' Isn't Worth More Than 99 Cents

    June 01, 2011 5:09 PM EDT In a surprising statement, Lady Gaga said that digital copies of her "Born This Way" album aren't worth more than 99 cents -- the controversial sale price at which Amazon sold them on two days last week. Asked by the Wall Street Jou ...

  12. Google to Unveil Mobile Payments Thursday: Source

    May 25, 2011 7:35 AM EDT Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch. The Internet search and advertising leader will wo ...

  13. 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 ...

  14. Why Apple Will Dominate Cloud Music, Regardless of Label Deals

    May 19, 2011 11:34 AM EDT UPDATE : Reports surfaced today (May 22) that Apple has come to terms with Sony Music Entertainment for it's impending cloud service , according to Bloomberg News. The deal would make Sony the third major label after Warner and EMI to sign li ...

  15. 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 ...

  16. Len Blavatnik's Access Industries Reportedly Close To Purchasing Warner Music Group

    May 05, 2011 7:43 AM EDT Reports emerged over night that Access Industries led by investor Len Blavatnik is close to buying the Warner Music Group for more than $3 billion dollars. The Warner Music Group board has been meeting this week to consider bids from groups that i ...

  17. Facebook's Growth Exceeds Expectations, $2 Billion in Earnings: Report

    May 02, 2011 7:52 AM EDT Facebook Inc's business is growing faster than forecast several months ago and the firm is on track to top $2 billion in earnings before interest, taxes, depreciation and amortization in 2011, according to a report in The Wall Street Journal. ...

  18. Bids for MySpace Due by End of Week (Report)

    April 27, 2011 7:30 AM EDT News Corp. is looking for initial bids for MySpace by the end of the week and expects to announce a deal around June, the Wall Street Journal reported Tuesday afternoon. About a half-dozen suitors, including private equity firms, are in the hunt f ...

  19. Business Matters: ScoreBig $14 Million Funding Shows Investors Still Bullish on Discounting

    April 21, 2011 7:46 PM EDT ScoreBig $14 Million Funding Shows Investors Still Bullish on Discounting -- ScoreBig has raised $14 million in second-round funding led by U.S. Venture Partners. Previous investor Bain Capital also participated in the round. This brings ScoreBig& ...

  20. Lady Gaga and Zynga; WMG and New Boyz Eye Social Gaming Strategies

    April 21, 2011 2:21 PM EDT News is breaking today about a pair of new social media efforts designed to merge the popularity of social games with music acts. The Wall Street Journal leads with a report that Lady Gaga and Zynga are discussing some sort of collaboration design ...

  21. Business Matters: Here Comes Dynamic Ticket Prices

    April 19, 2011 8:02 AM EDT Here Comes Dynamic Ticket Prices -- Ticketmaster has partnered with analytics company MarketShare to create tools that will allow clients to set and adjust prices for live events. The press release says the tools "will allow sports teams, art ...

  22. 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 ...

  23. 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 ...

  24. Three Suitors Left In Running For Warner Music Group Auction, But Who Are They?

    April 13, 2011 6:56 PM EDT The Warner Music Group (WMG) is heading into a third round in the auction to sell the company, with three suitors still left in the running, sources tell Billboard. As first reported by the Wall Street Journal, the WMG board of directors has decid ...

  25. Google Revamping YouTube, Creating Topic Channels

    April 07, 2011 8:24 AM EDT YouTube is planning changes to the homepage that would highlight a set of "channels" around specific topics, like arts and sports, the Wall Street Journal reports. The company, owned by Google, is positioning itself for the rise of Inter ...

  26. Pandora Subpoenaed In Federal Investigation Into Smartphone Apps

    April 04, 2011 3:01 PM EDT Pandora has been served a subpoena related to a federal investigation into personal information shared by smartphone apps "that run on the Apple and Android mobile platforms," according to an update to the SEC filing that announced the c ...

  27. Business Matters: April Fool's (Jay-Z, Beyonce Buy EMI) And Not (Live Nation's WMG Bid Impacts Stocks)

    April 01, 2011 5:35 PM EDT APRIL FOOLING: Spotify U.S Launches Monday -- April Fool's Day got off to an early start - for those of us in the U.S. - when a post at TechCrunch EU reported that Spotify was immediately ceasing its European operations in order to launch in ...

  28. Live Nation Puts In Bid For Warner Recorded Music

    March 31, 2011 4:59 PM EDT Live Nation, the concert and ticketing company, has put in a bid for the Warner Music Group. The emergence of Live Nation as one of the bidders for the Warner Music Group brings to three the number of strategic players involved in the auction. But ...

  29. Business Matters: If Labels Don't Like Amazon's Cloud, They Won't Like Tunesbag Either

    March 31, 2011 4:55 PM EDT If Labels Hate Amazon's Cloud, They'll Won't Like Tunesbag Either -- If labels hate Amazon's Cloud Drive and Cloud Player, they might as well hate Tunesbag, too. Just days after the launch of Amazon's cloud storage service ...

  30. Amazon Seeks Approval For Cloud Drive Service -- Will The Labels Play Ball?

    March 31, 2011 11:54 AM EDT Amazon's decision to unveil its new Cloud Drive music locker service without establishing licensing deals with record labels continues to reverberate. The move has elicited an overwhelmingly negative reaction major record labels and publisher ...

  31. Business Matters: What Music Companies Can Learn from the New York Times' Pay Wall

    March 17, 2011 5:05 PM EDT What Music Companies Can Learn from the New York Times' Pay Wall -- There should be a few learning lessons after the New York Times puts up a pay wall to its content at its website and mobile apps. Any entertainment business that sells digita ...

  32. Business Matters: Even Higher-Priced Albums Enjoying Grammy Bump

    February 14, 2011 5:12 PM EST Even Reasonablys-Priced Albums by Mumford & Sons & Florence & The Machine Enjoying Grammy Bump -- On Monday morning, Grammy-driven demand was trumping the benefits of low prices. The morning after the Grammys telecast, Mumford & So ...

  33. Apple Music-Streaming Rumors Heat Up

    February 14, 2011 12:10 PM EST Apple's plans for a potential streaming music service have been a point of discussion and speculation for more than a year now, ever since it acquired and subsequently shuttered streaming music service Lala in December of 2009. But news leaki ...

  34. Pandora Files for IPO, Seeks to Raise $100 Million

    February 11, 2011 7:01 PM EST Popular Internet radio service Pandora is tuning up for an IPO later this year. The company outlined its plans for an initial public offering of stock in a Friday filing with securities regulators. The documents indicated Pandora will seek to rais ...

  35. Twitter To Be Bought By Facebook And Google For $10 Billion?

    February 10, 2011 9:10 AM EST Google Inc and Facebook Inc, plus others, have held low level takeover talks with Twitter that give the Internet sensation a value as high as $10 billion, the Wall Street Journal reported. In December, Twitter raised $200 million in financing in a ...

  36. 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 ...

  37. 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 ...

  38. Business Matters: Hulu Mulls Music Biz Approach to Free Videos

    January 28, 2011 1:48 PM EST Hulu Mulls Music Biz Approach to Free Videos -- The free vs. paid debate so common in the music industry is being played out with online video. Wary of giving away too much content, the companies in the Hulu joint venture are considering a transfo ...

  39. Sony Strikes Deals With Spotify, Mobile Roadie

    January 20, 2011 12:00 AM EST Sony Music Entertainment has been very busy lately. Originally reported by the Wall Street Journal's AllThingsD blog , and independently confirmed by Billboard, Sony has indeed finalized its long-rumored "almost there" deal with Spo ...

  40. Will The Comcast-NBC Universal Deal Get FCC Approval Today?

    January 18, 2011 12:00 AM EST The Federal Communications Commission may approve Comcast Corp.'s proposed purchase of NBC Universal Tuesday, according to reports. Citing what it called "people close to the review," the Wall Street Journal said four of the FCC ...

  41. Report: Facebook will disclose financials in '12

    January 06, 2011 12:00 AM EST Facebook will be forced by law to start coughing up details of its financial performance or go public by April 2012, according to a published report. The Wall Street Journal reported Thursday that privately held Facebook Inc. plans to cross the 50 ...

  42. Google Building Digital Newsstand To Compete With Apple

    January 03, 2011 12:00 AM EST Google Inc has approached several magazine publishers about creating a digital newsstand, in a move that could open a new front in the Internet company's rivalry with Apple Inc, according to a news report. The digital newsstand would provide ...

  43. Apple Sued Over Apps Sharing User Information With Third Parties, Lawsuit Names Pandora Radio

    December 28, 2010 12:00 AM EST Apple is the target of a class action lawsuit over the way its apps share personal information with outside parties, according to a Bloomberg report . The lawsuit comes a week after a Wall Street Journal article about user information being shared ...

  44. Hulu Puts IPO on Hold

    December 21, 2010 12:00 AM EST Hulu has put on hold plans to raise money through an initial stock offering, the Wall Street Journal reported, citing anonymous sources. One reason execs at the online video service have decided not to proceed with an IPO is that Hulu does not hav ...

  45. Business Matters: BMG Wants EMI's Back Catalog More Than Its Publishing

    December 20, 2010 12:00 AM EST BMG Covets EMI Group's Back Catalog More Than Its Publishing -- BMG Rights Management is interested in EMI Group's recorded music back catalog rather than its publishing division, BMG Rights CEO Hartwig Masuch told MusicWeek . "Inte ...

  46. Business Matters: Vevo Leapfrogs Viacom in Online Video Rankings

    December 17, 2010 12:00 AM EST Vevo Leapfrogs Viacom in Online Video Rankings - comScore's U.S. online video rankings for November 2010 show that Vevo ranks Number 3 in total unique viewers with 50.3 million. Viacom Digital, which includes MTV.com, VH1.com and CMT.com, ran ...

  47. 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 ...

  48. Amazon to Launch Rival to Netflix

    December 06, 2010 12:00 AM EST Entertainment and technology companies are exploring new online services that would offer film and TV content to rival Netflix's streaming service, the Wall Street Journal reported Monday. The moves come amid concern that Netflix could end up ...

  49. Beatles Sales On iTunes Top 450K

    November 23, 2010 12:00 AM EST The initial Beatles sales figures are in: More than 450,000 albums and 2 million individual songs were sold on iTunes worldwide, according to Apple, since the Beatles catalog was made available Tuesday (Nov. 16). In U.S. the best-selling album was ...

  50. Live Nation Sues Ex-Chairman Michael Cohl for $5.35 Million

    November 19, 2010 12:00 AM EST Live Nation is claiming in a $5.35 million lawsuit filed Thursday that its former chairman, Michael Cohl, has violated the terms of an agreement made at the time he left the company. Cohl is one of the most influential promoters in concert history ...

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