Universal Music Group and Warner Music Group are forming a joint-venture company that will take over key royalty accounting functions for both major labels within two years. Exigen Group, a San Francisco-based specialist in business software development, is joining UMG and WMG in backing the venture, called Royalty Services.
Apple Computer today unveiled the two latest updates to its iPod franchise: the iPod Photo, a larger-capacity portable player that holds album art and other digital images as well as music, and the limited-edition black "U2 iPod."
In almost every conceivable way, the Walt Disney Co.'s board of directors failed to exercise any responsibility over the hiring and firing of former president Michael Ovitz, leaving the company liable for a $140 million severance payout, a corporate governance expert testified Oct. 20. The testimony came in the opening session of the closely watched trial before Delaware Chancery Court Judge William Chandler III in the small town of Georgetown.
It's not unusual for an American celebrity or other public figure to file a lawsuit for libel in the United Kingdom, rather than in the United States, if there's a legitimate contact with that country. While U.S. defamation laws -- those covering slander (spoken communication) and libel (written or some other tangible form of communication) -- permit the media and others broader latitude when discussing a public official or public figure, U.K. laws do not distinguish between public figures and private citizens.